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
Moreover, the document also helps visualize the linking of the regions in which national markets emerged, as well urbanization and industry expansion. To extend on this idea, immigration grew alongside industry expansion. For more land became accessible for sale, which was an advantage to those whom jobs (like those building railroads or working in companies near them) called for them to live near. Although the most convenient way to transport goods was using the railroad, it also worsened the economic hardship that farmers had, for the prices that they had to pay to export their goods, were quite elevated.
Over time, transportation has shown to have an incredible impact on the United States. It has revealed to bring about economic and social changes in various ways. In the late eighteenth century ancient methods of traveling were still in use in America and it was often very slow. Americans were aware that if transportation advancement occurred, it would potentially increase foreign trade, increase land values as well as strengthen the American economy. In the mid 1800s it has been determined that transportation advancement has a drastic effect on our
Before the Market Revolution, America as a whole differed greatly from the America that had developed during the start of the 19th century. The ideals and values of an American family life varied from those after the revolution. American economy had relied heavily on agriculture and people had a more personal work sphere. The government as well, was cautious when involving itself in the nation’s economic affairs. The Market Revolution overall played a big role in changing American society, economy, and politics by fueling sectionalism, increasing commercialism, and forcing the government to take on more responsibilities to benefit the nation.
The Market Revolution in the America was characterized by the development of technology and the desire to maximize profit. To achieve maximum profit, Americans turned to illegal means to acquire cheap labor and land. In the case of the Mexicans, Americans saw the abundance of raw materials in California and Texas and annexed the territories through border dispute. The Mexican landowners were left vulnerable to the American legal structures and lost the title to their lands. Once landowners, the Mexican became the cheap labor for the Americans and some even became the workers on the land they once owned. Taking a hard look at the core of the Market Revolution, one will find that the revolution was rooted in greed.
In Charles Sellers’s book The Market Revolution: Jacksonian America, 1815-1846 (1994), he wrote about how the Market Revolution was not only a defining moment for America, but also the world. In the book A country of Vast Designs by Robert Merry (2011), he quotes Ralph Waldo Emerson in 1844 as describing America as “America is the country of the Future” and “It is a country of beginnings, of projects, of vast design and expectations.”
In 19th century, Henry Clay proposed three terms to improve United States, as we called “American System”: establishing the Bank of the United States, protecting American manufacturers, and building canals and roads. For internal improvements, the construction of Erie Canal and Cumberland road played an important role in the development of the market in West and Northeast. First, Erie Canal linked the Great Lakes to the Atlantic Ocean, and it helped western farmers to transport crops to the east much faster and more convenient. Second, Cumberland Road was the first road built by the United States government, and it accelerated the development of Ohio and Northwest area. Both of these two constructions dramatically promoted the Market Revolution
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.
The market revolution in the United States brought a sudden change in the manual labor system originating in south and digressed to the north and later spread to the entire world. The integral part of the economic growth in the United States in the nineteenth century was a good thing that brought change in the market. In respect to the change, America took its first major step in creating the world’s most stable and strongest economy, which gave room for growth among the citizens.
The Market Revolution drastically increased industry in the United States. Its emphasis on economic development caused people to limit the rights of others for the sake of expansion and progress. Liberty overall contracts during the Market Revolution since opportunities for economic freedom and personal liberty have been restricted for various groups because the new economic way of thinking amplified disparities that had already existed before the Market Revolution.
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 occurred in the United States, in the 19th century and was a drastic change in the manual-labor system originating in the South and soon moving around the entire world. The Market Revolution has been viewed as one of the most influential events that occurred to the economic world in the history of modern society based in terms of the economic development. The invention of many new items helped people performed certain tasks more efficiently and this lead the world to be able to produce a lot more goods in a shorter period of time. The impact of the Market Revolution on the world as one was that it catapulted the world economy into an almost chaotic state. Which means people had access to a much wider variety of goods
In the early nineteenth century, the market revolution helped the growth of the United States’ economy and become the nation that exists in present day. This was one of the biggest change that helped the United States to take its first step in creating the strongest economy and maintaining it stable for decades. This change did not happen in a short time, but it took several years to build it up and with that came along some positive and negative effects. The market revolution acknowledges the radical changes that took place in the early 1800s, it helped link the country together through an impact of society, religion and majorly through the growth of economy, meanwhile at the same time increasing the nation’s sectional differences
farmers who lived on it and grew crops. Labour was minimal and only when something needed to be done. Money was never of much importance because it did not grow crops, live stock or water. These commodifications began to add value to all types of materials, which in fact devalued things. Although it is quite odd to put prices or value on such items, the market grew stronger in society because of them. As the market had progressed it began to take a hold of peoples minds. The intangible values became less valuableSociety had no choice but to follow the market as other solutions to the economic problem were overturned. The market society developed as people began searching for work outside of what families had been doing for centuries.
The revolution, in its creation of both the new working class and the middle class, sparked new social relations. Man was now treated as a commodity that could be bought and sold on the open market. It is this commodification of man that is the central contention of the Marxist revolution. However, the commodification of labor was inevitable and necessary, as it was an integral process in building the capitalistic society
The market society has changed and transformed into a set of ideas only based on commodities. The market society is a human invention that took place with the ideas of capitalism. The great transformation started with the modern state. It is crucial to understand the great transformation because prior, in the past, the market had little say on the society. Currently the market is what shapes our society and culture. The role of the market has drastically and dramatically changed and is something that controls people.