History of the United States I / Unit 9 USH1 1217 short lesson, about 20 seconds
The Market Economy
Captions available
The idea
By the eighteen forties the United States had become a market economy, one in which the production of goods, and their prices, were unregulated by the government.
In practice
An economy in which businesses and farmers default, wage workers lose employment and investors lose assets.
Where people slip
The anchor names the vulnerability in the same breath as the achievement.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
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