Title: The Growth of the Early American Economy in the West
Headings: The Growth of the Early US Economy in the West
The Growth of the Early US Economy in the West
A Brief History
Early Americans Move West
President Andrew Jackson's Economic Influence
American 19th Century Economic Growth in the West

Content: For example, the American government began investing in infrastructure out west including government-funded national roads and waterways, such as the Cumberland Pike (1818) and the Erie Canal (1825). These government projects ultimately helped new settlers migrate west and later helped move their western farm produce to market in the eastern states. President Andrew Jackson's Economic Influence
Many Americans, both rich and poor, idealized Andrew Jackson, who became president in 1829, because he had started life in a log cabin in American frontier territory. President Jackson (1829–1837) opposed the successor to Hamilton's National Bank, who he believed favored the entrenched interests of the eastern states against the west. When he was elected for a second term, Jackson opposed renewing the bank's charter and Congress supported him. These actions shook confidence in the nation's financial system, and business panics occurred in both 1834 and 1837. American 19th Century Economic Growth in the West
But these periodic economic dislocations did not curtail rapid U.S. economic growth during the 19th century. New inventions and capital investment led to the creation of new industries and economic growth. As transportation improved, new markets continuously opened to take advantage. The steamboat made river traffic faster and cheaper, but the development of railroads had an even greater effect, opening up vast stretches of new territory for development.