Oklahoma's economic history is divided into four periods. The first period covers the nineteenth century, encompassing settlement by American Indians of the Southeast followed by new arrangements facilitating private land ownership. The second extends from 1900 to the onset of the Great Depression in 1930. The third ends in 1973 with the first of the major oil shocks. The fourth comprises the energy boom and bust of the late twentieth century, along with contemporary conditions.
The century from 1800 to 1900 encompassed the time of Indian and white settlement. During the nineteenth century Oklahoma was characterized by very high ratios of land to labor and capital, by almost total dominance of primary (natural resource based) production, and by unique institutional and cultural features, of which the effects of some remain important in today's economy. The initial settlement by the Five Civilized Tribes in the 1820s, 1830s, and 1840s in what is now Oklahoma (at that time Indian Territory) did not reflect free-market labor migration in response to income differentials. Added to the coercion of removal was the fact that the Five Tribes had adopted the institution of slavery in their former southern setting. Slave-owning Indians brought with them an additional labor supply.
She was from Vienna, Austria
Answer:
That his administration was corrupt and presidency-poor.
Explanation:
The Teapot Dome Scandal of 1920 is considered the most heinous scandal, after the Watergate Scandal, in the history of the United States. The scandal revealed the black picture of the White House in the form of ornery oil tycoons, illegal liquor sales, a womanised President, poker-playing politicians, etc.
The mastermind behind the Albert Fall. In 1921, President Warren G. Harding, transferred the administration overseeing the naval petroleum reserves from the Navy to the Interior Department, that came under the administration of Fall.
Fall, then, began to illegally and secretly allow his two oil merchant friends to drill oil from the Teapot Dome.
This reveals that the Presidency of Harding was poor, and the people under his administration were highly corrupted.
The best use of the excerpt in question by historians would be to understand <u>A. The</u><u> political debates</u><u> over </u><u>economic development. </u>
The excerpt focuses on Henry Clay and his argument for the Tariff of 1833 which would replace the Tariff of 1832 which had been controversial because:
- It essentially forced Southern States to buy goods at a higher rate from Northern manufacturers
- It led to Britain buying less goods from the South
The excerpt therefore showed how politicians debated over economic subjects such as tariffs and protectionism.
We can therefore conclude that historians could use it to better understand the political nature of debates over economic development at the time.
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