The market revolution had a tremendous impact on many regions in the U.S., most notably the South and Northeast. The market revolution is a term used by historians to describe the expansion of the marketplace that occurred between 1815 and 1830, prompted mainly by major transportation improvements and various unique inventions to connect distant communities together for the first time. The South developed and thrived mainly from the cotton gin and the expansion of slavery. The Northeast flourished and bloomed from the factory system, interchangeable parts, transportation improvements, and women in the work force. The market revolution impact on the South and Northeast brought about widespread economic growth yet affected the regions differently, the South shifted from subsistence farming to commercial farming and the Northeast grew in mechanization and industrialization. The South had focused on providing subsistence …show more content…
New England emerged as the leading manufacturing center as a result of the abundant waterpower the region held for driving new machinery and seaports for shipping goods. The decline of maritime and industry made capital available for manufacturing and the decrease of farming in the region brought ready labor supply. As the factory system expanded, it encouraged the growth of financial businesses such as banking and insurance. Transportation including roads and canals such as Pennsylvania 's Lancaster Turnpike and the Erie Canal stimulated economic growth. Another factor that impacted the region was Eli Whitney 's brilliant mechanical invention of interchangeable parts that became the basis for mass production methods in the new rising factories that were sprouting and
Industrial and Transportation Revolution During the late 1800s, the United States economy changed due to new inventions, remarkably rapid growth, and new forms of communication and transportation. Different factories were being built, and manufacturers had begun to reorganize the way of work. Factories and workers were going from hand production to machinery. The Industrial Revolution marked a turning point.
According to Eric Foner is his book, Give Me Liberty!, even though the market revolution and westward expansion occurred simultaneously in the North and the South, their combined effects heightened the nation’s sectional divisions. In some way, the most dynamic feature of the American economy wins the first thirty years of the nineteenth century was the rise of the Cotton Kingdom. It all started during the industrial revolution, which centered on factories producing cotton textiles with water-powered spinning and weaving machinery. All of these factories produced a massive demand for cotton.
During the 19th century, the American people were experiencing a revolution concerning both the economy and religion, in what is recognized today as the Market Revolution and the Second Great Awakening. A rapid increase in the population within the countryside, and the development of new technology outburst a change in the economy from one of local exchanges to one governed by capital and capitalists. Family owned businesses began to expand and sold their items not only among a small community, but now products were being shipped to different ports along the colonies. The industrialization movement was rapidly approaching that “Indian removal was necessary for the opening of the vast American lands to agriculture, to commerce, to markets, to
In the Northeast innovations such as: textile machines broke out as a result of Samuel Slater’s English plans, the cotton gin and concept of interchangeable parts both created by Eli Whitney, as well as the sewing machine created by Elias Howe then perfected by Isaac Singer all stimulated other innovations making industrialization and manufacturing much simpler. Innovations to make tasks easier were also present in the West including one of the most important, the McCormick reaper which increased the amount of food produced in both the domestic and foreign markets. Although all of these smaller innovations were important to developing the economy, it was the transportation that really set America apart. For example, the Northeast’s economy was greatly furthered by the Erie Canal which linked the Hudson River with the Great Lakes. This effected the value of land along the route as well as industry within the state increased dramatically.
The same American System that promoted high tariffs on foreign goods, oversaw internal improvements, and created a national bank, also birthed the Market Revolution. The Market Revolution revolutionized how farmers produced goods in America and the redirection of their purchasing habits which transformed the mindset of how farmers viewed their role in the American economy; thus, making them more compliant to commercial and capitalist ideals. Overall, the Market Revolution in America provoked significant changes in America socially, economically, and politically. There were many social changes associated with the Market Revolution.
Imagine if, instead of paying for products you wanted with money, you traded or bartered for them. Also imagine if you lived on a farm and produced most of what you needed to live yourself. If the market revolution never took place, most of us might still be living on farms and trading with acquaintances for a few products we could not produce ourselves. The market revolution changed all this. Happening roughly between 1800 and the 1840s, the market revolution was a series of gradual transformations that began the process where the majority of Americans no longer lived in the countryside and worked as small yeoman farmers or skilled artisan workers, but instead lived in cities and worked in factories.
The steamboat effected the U.S. positively because it encouraged growth and it linked Americans beyond their local communities. It also promoted greater mobility of people and goods which made a market possible. This revolution made life easier for people to travel to and from many different locations. 2. What was the Market Revolution and how did it effect the U.S. in a positive way?
The market revolution during the nineteenth century was a huge changing for the nation’s liberation, growth, and skill. It brought development to the labor in general but mostly for the factories and many jobs were massively growing during that time. During the market revolution era, technology was also getting in sight such as telegraphs, railroads, and canals. The new technology brought many benefits to the new nation because the telegraphs helped the people to communicate and send the news faster, also the railroads were massively beneficial during the revolution because it helped them to travel from one state to another quicker without spending days and days using horses. Factories was the most important labor to both men and women and
To some people they didn’t see it as a big thing but to others this was huge. Some knew that this was a start of a new life but to others it really didn’t mean anything. The Market Revolution was in many ways America's answer to Europe's Industrial Revolution of the 18th Century. I think the biggest thing about the American Revolution that changed America was Eli Whitney and his 1793 invention of the cotton gin. The cotton gin was a machine that
The market revolution was a term used to describe the expansion of the marketplace that occurred in early nineteenth-century America, prompted mainly by the construction of new roads and canals to connect distant communities together for the first time. This market revolution effected all Americans, just not all received benefits from it. Before the market revolution, women were not allowed to work outside their homes. Their responsibility was to take care of the house duties and the family. They barely had any rights because the male was the dominating presence in the house or family and made all the decisions.
The article stated which means the number one crop the south provided
The invention of the cotton gin decreased labor and increased the production of usable cotton and the demand for items being made from it. Advancements being made in both water and land transportation led to explosive growth in cities and factories; thus improving the national economy little by little. All in all, the revolution taking place in the Americas after the war of 1812 turned the nation into the successful, worldwide marketplace we know of
The market revolution, which started in 1815, transformed worker lives, and improved the nation vastly; although it also dropped the economy as well. The traditional market, which was based upon power generated by animals and water, was slow in activities such as transportation. The growing nation underwent peace, which then catalyzed the reform of the organization of the economy. As such, transportation was heavily improved upon, along with manufacturing, banking, and commercial law. However, there were also two panics during the time that occurred that led to many Americans who were anxious and uncertain about working in the country.
The Market Revolution generated a drastic change in the United States economy and altered gender barriers while at the same time accomplishing this in a provocative manner. This economic boom occurred around the first half of the 19th Century. The economic boom was achieved by inventions such as a transcontinental railroad system which resulted in a better transportation system which improved trade and the cotton gin which sped up the rate of removing seeds from cotton fiber. However like what the great Hugo said, “The brutalities of progress are called revolutions. When they are over we realize this: that the human race has been roughly handled, but that it has advanced”.
The complete technological innovation in transportation and cotton production was one of the most important points of the market revolution which lead to the emancipation of the slaves. The market revolution benefited the United States because it radically transformed the economy. Americans were no longer limited to local markets and its merchants thought beyond the limits. Commonly used now on the costs and benefits. American traders understood what were the risks and benefits of selling the merchandise.