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Securing A Republican Political Economy

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Tom Brancato History 531E Analytic Essay 1 Securing a Republican Political Economy Introduction American political economy was greatly shaped by the republican ideas of people like Thomas Jefferson. It is sometimes easy to take the simplistic view of a republic to mean the creation of a self-governing group of people. As McCoy points out, “To men of the eighteenth century the creation of a republic entailed much more than simply replacing a king and hereditary privilege with an elective system of government.” Indeed, the creation of the early American government involved the setting up of institutions and policies that would be conducive to the forming of a republic. The term “republic” was more than just a system of government to …show more content…

I would argue that it was the combination of a republican vision supported by the tools of nation building that was the driving force behind the establishment of the early US political economy. The Republican Vision The republican vision was more than just a dream of self-governance. The founders were very cognizant of what it would take to maintain the republic in the long term. As McCoy states, “…they assumed that a healthy republican government demanded an economic and social order that would encourage the shaping of a virtuous citizenry.” Founders, such as Jefferson, felt that virtue was needed to help sustain the republic. According to Jefferson one way to achieve virtue was creating a political economy based on land. By working on the land, one can learn to be self-reliant which would lead to a more virtuous individual. The ideas that an agrarian life was a virtuous one was not unique to the founders. Indeed, some have noted that Adam Smith praised agrarian life for the mental skill it developed, and warned of the dangers of industrial labor on the mind . Surely, it couldn’t have just been the mental benefit that agrarian life promised, that motivated founders like Jefferson. The fact that England was mostly an industrial, mercantilist economy gave credence to the desire of some of the founders to prevent the newly formed nation from going down the

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