Preview

How Did The Market Revolution Affect The Economy

Good Essays
Open Document
Open Document
552 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
How Did The Market Revolution Affect The Economy
Through the West expansion and the rising of a stronger government and new innovations, the Market Revolution was born, thus causing the United States economy to boom. Market revolution was an important process that drastically changed the economy of the United States during the 19th century. On the same hand, it also affected the society and certainly was the cause of the Second Great Awakening, the changes in ideas about gender and the creation of the new middle class during this era. During the Market Revolution, many Americans changed from producing goods for themselves to producing goods for sales. This idea was one of the most important changes that greatly affect the economy. During this time, people were encouraged to produce the

You May Also Find These Documents Helpful

  • Powerful Essays

    World History Unit 3 Summary

    • 2571 Words
    • 11 Pages

    * Price Revolution: The price revolution occurred due to population growth, increase in volume of money, and the influx of gold and silver from New World. The middle class (merchant, bankers, etc) benefited from the price revolution and prospered.…

    • 2571 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    2000 Dbq Analysis

    • 972 Words
    • 4 Pages

    In the years 1865 to 1900 the United States had flourished in their industry business, giving the era the rightful name of the Industrial Revolution. During this time period thousands of submitted patents and successful inventions connected the country, brought life to cities and boosted both the Northern and Southern economy post-Civil War. This revolution made the rich like John D. Rockefeller and Andrew Carnegie richer while the middle class workers like the new immigrants remained in poverty with terrible working condition. This 35 year time frame was both prosperous for some while long and grueling for others.…

    • 972 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Because of the exchanges in Europe during the commercial revolution there was a huge increase of trade in areas like biological, manufactured goods, and new ideas. The commercial revolution also shaped the work ethics of people during the modern period. The increase of work transitioned over to the modern period and helped increase the number of labor in empires in the modern period. The commercial revolution also helped the formation of new empires on gun powder. Many empires in the modern period were funded by the manufacture of guns and gun powder and helped it to become a major trading empire and also a very powerful empire. The high increase of gun creation helped more empires to expand during the modern period. The commercial revolution was truly one of the most important factors to help shape the modern…

    • 809 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Due to the government policy of opening up new roads and canals, which allowed people to move westward, the marketplace expanded exponentially. This was known as the Market Revolution, which in and of itself led to the gap between the rich and poor creating a distinct middle class. Even though this much had changed, the South did not necessarily change, but rather continued to rely on it exports to Europe to grow economically. The government policies between the revolutionary war and Jefferson era expanded the market place, led to the distinction of a middle class, and boosted the economy of the entire nation even though the South did not change its method of economic growth.…

    • 115 Words
    • 1 Page
    Good Essays
  • Satisfactory Essays

    How did the Industrial Revolution Change the American Economy Before the Industrial Revolution, the American economy was built on cotton plantations, hand-woven textiles, farming, fishing, and trade. Products were made by hand on farms and in homes. The Industrial Revolution changed how goods were produced which had a major impact on the American Economy both positively and negatively. The invention of machines, water power, and steam engines, for example, led to materials being produced more quickly while reducing the cost of production. Although many changes were being made, the South trailed the growth of the North.…

    • 414 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The first American Industrial Revolution took place between 1780 and 1860, an event in history that changed the United States dramatically. Prior to the Industrial Revolution, producing material goods was very time-consuming and labor intensive because everything was handmade. Advances technology, however, allowed for manufacturers to produce large quantities of products within a short period of time. Changes to the way products were made in the factories enabled America to become a wealthy and prosperous country. Although the Industrial Revolution had many impacts on economics and politics in the United States, it ultimately had an incomparably positive impact on society in America.…

    • 623 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The Market Revolution would be described as the growth of cities,specialization on the farms,industrialization,and the development of modern capitalism which ended self-sufficient households and a growing interdependence of people. The revolution took place during the 19th century and sparked economic growth. It was a shift away from local or regional markets to national markets. Although the market revolution developed a fast changing economy that presented challenges and problems, the economies grew due to the development of roads,canals,steamboats and railroads which led to an increased urbanization and integration in the North while cotton agriculture and slaves helped expand the economy in the the south. The development of canals,roads,steamboats and railroads led to an increase of urbanization and integration in…

    • 591 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Many things led to the Market Revolution. The Market Revolution was the changing of our country from buying other countries products to producing our own. The Market Revolution helped make America a better country because of new inventions that helped us ship goods easier, the American system, and government support.…

    • 345 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The Market Revolution rose and gave opportunities to women factory workers and those who moved to the West while some faced difficulties on trying to achieve their religious freedom. Great opportunities were given to the people when The Market Revolution arrived for the Americans and led people on trying to represent their rights as residents. Firstly, the female factory workers complained about the length of their labor which they compared to the slaves. In an example, “large class of females are, ….. however they may infringe on the rights or confict with the feeling of the operative—slaves to ignorance” (Foner 167).…

    • 470 Words
    • 2 Pages
    Good Essays
  • Good Essays

    After America had won the war for independence against England, the new country had to find a way to get its own money. Before America had separated, the crops grown had been sent to England where it was sold. The money used to go to England, but now that America was free, who would the money go to? The years after America first became independent were called the Industrial Revolution which was a period of major industrialization. The Industrial Revolution changed the American economy by bringing most of the wealth to plantation and factory owners.…

    • 615 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    While most people were adversely affected by the economic and political changes brought about by big business, some people profited from and reacted positively to them. As industrialism prospered, more frugal methods of assembly such as the assembly line, variations on division of labor, and mass production were able to…

    • 1845 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    So what is “The Market Revolution” and how has it impacted the United States? Generally speaking “ The Market Revolution” is an expansion of the market which basically makes improvements in communication, transportation and manufacturing. Let’s take a step further and ask ourselves “What is Market”. Market refers to a group of people who are willing to buy a particular product from you. Before the “Market Revolution” most products were produced and sold locally which basically meant that your market was everyone that was closer to you or your city. Lack of communication and transportation basically translated to less sales and smaller market because the person couldn't sell their product to anyone who lived much further away than they could walk in a single day. This kept the person's market and profits really small.…

    • 536 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The market organization, banking, and transportation systems revolved around cotton. Samuel Slater, English- American Industrialist is known as the father of the America factory system that contributed to the new work system in America. The religious revival was not happy with the new system, which gave rise to the second great awakening. They believed that salvation could be attained through faith and good deeds. In addition, they saw greed was selfish and a sin, and they were popular in areas affected by the market economy. The market revolution amplified the breach between rich and poor. The market revolution changed the America system and its beliefs, in the hope of new opportunities for jobs. The market revolution shaped America and the world about the concepts of labor, industrialization and the…

    • 274 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    The major events social effects of the market revolution were the need for workers so the US reactivated the slave trade for a while so more African-Americans would be forced to work at the new constructed markets. Native Americans were kicked out because the US thought that they were an obstacle for American "freedom." Women demanded for more rights but society saw women as house wives and men as workers. After the discoveries of the cotton gin and the steam boat, trading became more essential and easy for the US. Some people feared that market Revolution was decreasing American freedom ans they looked towards the west for a new start. The north consisted of factories and the south as farming lands. Discrimination grew in the US because…

    • 183 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    The Market revolution was an economic transformation, a scene of the innovation of transportation such as the; steamboat, man-made canals, railroad and communication such as the telegraph. Steamboats “helped to bring economic development to the trans Appalachian west”, up the Erie Canal the world’s largest man-made waterway that connected the region around the Great Lakes with the Atlantic Coast via the Hudson River. The railroads opened vast new areas of the American interior for settlement while also stimulating the demand for coal for fuel, it also helped lower the cost of transportation and made it far easier for economic enterprises to sell their products. The railroad “linked farmers to national and world markets and made them major consumers of manufactured goods”. The telegraph made possible instantaneous communication throughout the nation it was created by Samuel F.B. Morse in 1830’s it helped speed the flow of information and helped even out the price of goods across the nation.…

    • 690 Words
    • 3 Pages
    Good Essays