Impact Of The Market Revolution On American History

Railroads were faster and cheaper than canals to construct, and they did not freeze over in the winter. Steamboats played a vital role in the United States economy as well. They stimulated the agricultural economy of the west by providing better access to markets at a lower cost. Farmers quickly bought land near navigable rivers, because they could ship their products out to other countries. Due to the foreign trade it helped strengthen the trade relationship between New England and the Northwest. The transportation development had many positive economic changes in the United States.

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

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 impact of the Market Revolution on the Northwest and Midwest can be seen through the movement of people to northern urban areas to work in factories, the increase of wheat production in the Midwest due to technology improvements, and the beginning of an independent national economy. The Market Revolution describes the transformation that occurred in America during the first half of the nineteenth century. At this time people were enslaved. Upper-class gained financial wealth from the new technology. Leaving the middle-class and slaves to suffer horribly. Between the Civil War and the Revolutionary War, an old-subsistence world died out and a new more commercial nation was born. Religion also took over during this period, effecting mainly the middle-class society. Religion and new technology was the new era.

The Market Revolution took place during the early 19th century which made it easier for people to exchange their goods, with not only their neighbors, but with complete strangers from completely different parts of the country. The Market Revolution is an expansion of the market place in America with the construction of new roads, canals, and railroads to connect, otherwise, opposite communities together. The Market Revolution all started with the building of the Erie canal in New York. It made it easier to import goods and it was a faster source of transportation. The Market Revolution opened new opportunities to farmers and poor people.

The Market Revolution from 1815 to 1840 is the transition of American production for subsistence to commercial sales. Thus, goods were no longer produced for the purpose of feeding families, paying taxes, and providing for other essentials, but they were then produced for monetary profits. Factors Contributing to the Market Revolution and the Industrial Revolution: The extension of a national road from Virginia to Illinois permitted both farmers to settle Westward and to transport their goods more easily to major cities in the East.

The Market Revolution gave America new ways of communication because of the transportation improvements. This brought on a religious revival among Americans and in New York it helped improve citizen’s faith and their economy. Families began practicing their faith and tried to be better people and as a result, it made businesses run better and boosted their income tremendously. Citizens like these gave their votes to Henry Clay and the Whig Party because of the successes the Market Revolution brought them and their families. However, along with success comes failures and that is exactly what happened to lots of Americans involved in trade.

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

Due to the bicycle movement, the importance of road maintenance returned in the nineteenth century along with the building of the National Road created smoother journeys on land. While in the 1820’s the Erie Canal opened to the public allowed for exponentially faster and cheaper transport of products through the country by water. These advancements in transportation made people, information, and goods mobile meaning there was no longer a need to trade local since a farmer could sell his products nationally for a profit. However, these improvements would not be possible without the private contributions of investors to build these infrastructures.

During the revolution, new roads, financed by tolls, then began developing. One major road was the National Road that reached from Maryland to West Virginia. Another new form of transportation was canals, which was cheaper and more efficient. A significant improvement in transportation was the steamboat, which reduced the cost of transportation, moved people and goods faster, and allowed a two-way commerce on the Mississippi and Ohio rivers. Railroads were also a significant development because it allowed fast travel on land. Factories developed during this time, and people began working there instead of at home. All of these changes allowed people to produce goods to sell more than to keep for themselves, and the economy

What were some of the elements of market revolution? The market revolution took place in the United States and got carried out by both the federal government and the states government. How much did the government spend on infrastructure? Between 1787 and 1860, the foundations of the states got improved as the burden for building infrastructure fell on the federal government and it spent 6o million dollars regarding building roads and canals as well as improving harbors. On the other hand, the state government paid ten times the cash that the federal government spent on the same. What did the completion of canals bring? The end of channels especially the Erie Canal resulted in a scramble among other states with an aim of matching New York’s

After the Civil War you could see the changes that took effect within the South’s infrastructure such as farming and transportation. However, it was not only the towns that took a hit but the soldiers who were killed and injured during the war may have suffered more than the town’s hardship. It seemed as if things couldn’t get any worse for the Southerners when the laws that were once only up north were now being implemented in the South. Expanding the Market Revolution was one of the many changes but it was not bigger than outlawing slavery which is known as the Thirteen Amendment. I’m sure the questions and concerns were why, how will this affect the slave owners wealth, land and crops. Unfortunately the major question was how to transition

The Market Revolution established tariffs, national bank, and internal improvements. Farmers were producing the best goods to other markets, and buy the products they could not grow or make themselves. People began to believe their role in the economy changed by the thought of to be self-sufficient farmers, which they believed they were associates in the national and international marketplace. The idea made them lean more to commercial and capitalist intentions and becoming consumers. The Market Revolution consist of a transportation and communications revolution, a transition to commercialized farming, and industrialization. These three changes resulted in social changes. The people were able to communicate regarding the goods, and water was

The transportation revolution contributed in many ways to the development of a national market economy in the United States. With the United States expanding farmers needed a way to ship and trade goods in a faster more affordable way. Interior roads such as rail roads and toll roads were to expensive. For transporters water transportation was better, it provided easy access to different areas of the country and was more affordable. The Canal Boom and the Erie Canal were by far the best form of transportation created, they both allowed easy access to port side cities and also lowered the cost of not only shipping but also products and goods.