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Market Revolution In America

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Market revolution is the period in the American history when the market expanded significantly which prompted the construction of railroads, and canals to enable communities from different parts of the countries (Sellers, 1994). This period occurred in the early ninetieth century in the US, where the market suddenly expanded due to the increased production and the opening of new marketplaces. It is of the essence to note that the market revolution was the period when the market became available for the first time and the traders had their first encountered with one another. Also, the market revolution was characterized by drastic changes in the manual labor system from the south and then later moved to the north. The improvement of the transport …show more content…

Transport and communication are critical components of the economy that stimulate other sectors of the economy. Railroads and canals are key means of transport that stimulate growth of trade and industry. The traditional transport was made obsolete when the market revolution started in the US. Canals, steamship, and railroads opened the interior parts of the country for economic growth as more goods and services could be availed in the market. According to Sellers, (1994), railroads were the key in opening the American interior for settlement, mining of goal and manufacture of the locomotives from iron. The railroad also stimulated the growth of Chicago as one of the major cities for trade and exchange of commercial products (Sellers, C., 1994). On the same note, the canals played a critical role in opening up more markets for the families that intended to send their farm produce to the market. The use of telegram is another important technological development that was brought by the market revolution. Telegrams allowed the merchants and other traders to communicate throughout the country. In the essence, the telegrams were instrument for exchanging business ideas between traders from different parts of the country, thereby promoting trade in a big …show more content…

First, there emerged a social class of people with a decline in the social mobility through the life cycle. The rise of permanent upper, middle and lower class of citizens emerged with the wealthy merchants being the permanent upper class. The middle and the lower classes were made up of the employees, who were unskilled workers and agricultural laborers. The market revolution influenced the life-goals, values, and standards of value. Pre-market revolution was characterized by a lifestyle of reproduction lifestyle, a perception that changed to a more settled and focused lifestyle that is focused on wealth creation and unlimited life improvement

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