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How Did The Industrial Revolution Affect The Economy Of 1860

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The American economy up until 1800 was characterized by the Jeffersonian dream of a nation stimulated, and dominated, by the entrepreneurial culture of independent farmers/artisans. However this changed by the 1870s as the country was propelled into the Industrial Revolution, which would lead to the development of a new faster/efficient system of production based on the the assembly line, division of labor, and advanced machine technology. By cutting transportation costs and accelerating the flow of goods, people, and news (Henretta 295), these economic revolutions allowed the American economy in 1860 to become characterized by a surge in large manufacturing cities (such as Chicago and St. Louis) which became dynamic centers of commerce. revolutions

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