Economic Effects Of The Market Revolution

During the rise of wage labor stunted working people in new ways. In 1824 the textile workers protested and the factory conditions and the mills model of Lowell faced large clashes in the 1830s. Another improved transportation system was essential for raw materials to be able to reach factories and to manufacture good that went to consumers. This improved transportation system was known as the market revolution.

Society was one of the main elements of America to be impacted by the Market Revolution.

From 1800-1884, The Market Revolution was a big part of the nation. Developments in technology – railroads, and canals – and manufacturing – the Cotton Gin, and Lowell System – brought both positive social changes – such as the role women played in society – and economic changes, like the opportunity for all to work.

The market and transportation revolution in the 19th century, subsequently caused huge changes in the economic, social, and independent markets in the United states. The market revolution boom, largely attributable to better technologies, excelling the growth of factories and mass productions. The transportation revolution was a byproduct of the expanding of railroads, canals, and shipping of the products. Of which opened an entirely new way to sell and purchase products, crops, and other goods with more than just small town communities.

The Market Revolution made America a capitalist country and less of an agrarian. It was also a driving force for the Industrial Revolution and helped thrust America onto the world stage. No longer were farmers pursuing a subsistence life style, they were now growing food and other crops for sale to buyers domestically

The economic “market revolution” and the religious “Second Great Awakening” shaped American society after 1815. Both of these developments affected women significantly, and contributed to their changing status both inside and outside the home. Throughout time, women’s roles and opportunities in the family, workplace, and society have greatly evolved.

I believe that one the most major innovation that also brought change in the market revolution was the Eli Whitney’s invention of the cotton gin in 1793 because America lacked cotton most of 1700s, regardless of the fact that they had ability to construct textile factories and had waterways for transport. The southern planters in the past made effort to grow cotton, but never succeeded because cotton was labor intensive, so they dropped the idea and went to plant rice and tobacco, because during that period they tried growing cotton, it normally takes a lot of manpower and slaves use a whole day to separate maybe a pound of cotton seeds from fibers. They basically dropped every other crop in place of the newly profitable cotton. Also With the invention of the cotton gins, factories in the North were producing cotton cloth and cotton became the major crop in the south. Also the planters wanted increases in slave labor to plant enough cotton to take advantage of their new production capacity and this made them purchase thousands of slaves from the West Indies and Africa before slave trading was banned. As a result of the purchase of this slaves and extra manpower, the individual plantations increased in sizes, from the normal small plots to big farms with as many as several hundred slaves each. Due to the economic bloom there was a demand in labor

While the Northern states experienced a greater impact due to the market revolution the market revolution also impacted slavery expansion. The introduction of new transportation and steam power decreased the time it took to ship goods and improved canal production. As well, goods could now travel up stream. The number of large cities near rivers and lakes increased and economics boomed throughout the country. Due to the market revolution New England experienced an industrial revolution. Work in factories created mass produced items that were previously made at home or bought locally. This changed the American family structure, women were now working in mills. Farmer’s daughters worked in the textile mills and boarded nearby. Their leisure time was spent in church or school. Families now had multiple sources of income, incomes would be impacted by the arrival of German and Irish immigrants. Irish immigrants settled in New England and were willing to work unskilled job for low wages, while Germans settled around the North and sought skilled jobs for lower wages. The industrial revolution further alienated the North and South. Southern states did not have the resources to benefit from the revolution. In 1819 Missouri requested through congress to submit a state constitution in order to join the Union. Northern politicians

During the late 1700’s, the United States was no longer a possession of Britain, instead it was a market for industrial goods and the world’s major source for tobacco, cotton, and other agricultural products. A labor revolution started to occur in the United States throughout the early 1800’s. There was a shift from an agricultural economy to an industrial market system. After the War of 1812, the domestic marketplace changed due to the strong pressure of social and economic forces. Major innovations in transportation allowed the movement of information, people, and merchandise. Textile mills and factories became an important base for jobs, especially for women. There was also widespread economic growth during this time period

The market revolution changed the economic life for all Americans. It took place in the early decade of the 19th century. Historians and writers as Eric Foner writes in his book Give Me Liberty!, one example is when he talks about the market revolution he refers to serious economic changes that took place between 1800s and around 1840s which included many things such as great improvement in transportation, building steamboats, the telegraph and the Erie Canal, which was about 36o miles long canal from the Great Lake to the Hudson River. This upgrade made it a cheaper, easier and faster transportation. By making these great improvements, products were able to be sent to other places to make more profit. Not only profit came out of it, but this gave

The revolution of an industrial based economy and transportation, changed Americans daily lives in the mid 1800s century by improving their lifestyle and their daily needs when before they have to make the materials themselves now we have the opportunity to purchase them in the market by a price but before that how did industry manufacturers and transportation change the economy and improved people's lives despites the many outcomes it has in long term run.

The industrial revolution in America started in late 18th century as the production of goods changed from being handmade in home businesses, to machine crafted products made at factories. This revolution created many jobs which forced families to urbanize to industrial cities. As a result, it created a socioeconomic change of society and the upper, middle and working class were formed. As the frontier were pushed further and further west, Americans discovered that the new lands were rich on natural resources and they started tapping nature from whatever resource it had to offer. Large amount of forest was cut down, oil was pumped out of the ground in large amounts/volume and mills and mines were built to exploit the raw material which was huge

The market revolution arose within the United States during the first half of the nineteenth century. It is known to be a series of important alterations concerning transportation and communication. The market revolution represented the completion of developments already happening during the colonial era, along with inventions that improved the country. As Americans moved across the Appalachian Mountains, they became more isolated from markets; it soon became impossible for them to market their produce because they were not near any cities or waterways. The market revolution made it possible for these kind of families to make a living. In the first half of the nineteenth century, improvements such as roads, steamboats, canals, railroads, and

The impact of the market revolution in the United States was very large during the 19th century. The change in who was producing the products allowed for many entrepreneurs and inventors to either gain or lose wealth. In the case that the product sold, it not only allowed for the people who contributed in the making of the product to sell it, gaining wealth, but also permitted all the people of America and those in trade with America to use this product. Products such as vulcanized rubber used for clothing and tires, the steel plow used to make farming more efficient, and the sewing machine were apart of this revolution and have played a key part of the evolution of the world.

Three technological innovations from the market revolution that had social, economic, and political consequences in the U.S. are the steamboat, cotton gin and the telegraph. First off, John Finch invented the steamboat and Robert Fulton invented the first commercial steamboat in 1807 which affected the industrial revolution profoundly. It did so because now you can travel faster and ship your goods faster all by using steam. After Robert Fulton’s first trip, from new york city to albany, farmers could now sell more crops without worrying that'll spoil on the trip to the market. This was needed because America was still expanding exponentially. Also before the steamboat, boats could only travel down the river but now they could go upriver because