Defining American Business Culture II: The Federalists and the Jeffersonian Revolution

1. Opposition Develops
   1. Clashing Priorities
      1. Export-Import Merchants--Stability
      2. The "New" American Entrepreneurs--Development
   2. The Jeffersonian Coalition
      1. Agrarian Conservatives
      2. Aspiring Entrepreneurs
   3. Policy Implications
      1. BUS
         1. Conservative, Mercantile Lending
         2. Heavy Lending to Government
         3. Competitive Advantages Over Competing Banks
         4. A Constraint on Competing Banks
      2. Tariffs--Revenues Over Protection to Manufacturers
      3. Westward Expansion
         1. Controls on White Settlement
         2. High Land Prices
2. The Jeffersonian Revolution of 1800--A New, More Open Business Culture