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The Role Of The Market Revolution In America

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The Role Of The Market Revolution In America
The revolution of the market and the economy began during the pre-industrial era and ended roughly, by the end of the industrial revolution. The type of workforce radically altered for the American workers and slaves. America was mainly based on artisan work up until the beginning of the division of labor. Adam Smith and Alexis de Tocqueville had distinctive beliefs on how it affected the development of labor in America. Whereas Smith celebrated the division of labor, Tocqueville was less optimistic about it. Moreover, machines accelerated productivity. Aside from the Eli Whitney’s cotton gin, and the mechanical loom caused rebellions to occur among slaves and artisans. The division of labor and the introduction of machines led to the exile of Native Americans, a widespread of slavery, and an increase of wage laborers. …show more content…
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
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