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How Did The Market Revolution Affect The Economy

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Abby Thompson Campbell History 130 Online 12 May 2023 Economics and Labor The Colonial Era was when the eighteenth-century American culture started moving in more ambitious directions. This meant that military, cultural, and commercial ties began tightening between Great Britain and North American colonies. This all happened while American culture was just beginning to form (The American Yawp Reader: Colonial Society: Reader: Introduction, N.A.). New Amsterdam was a big deal in colonial America. In history, they claim “the Dutch bought the land of New Amsterdam from the Indians”. New Amsterdam was then described as a “commercial venture” in America. The Dutch then began letting anyone in as long as they were able to make a profit. After …show more content…

The Market Revolution was very important for the future of America because it introduced new technologies, mass production and changed the idea of working. This revolution was the beginning of people making goods to sell to others rather than just keeping them for themselves and they were able to make a profit off of this. The beginning of the modern industrial economy was due to new technology being created. This technology was used for transportation and communication. The new technology for shipping these items was better roads, steamboats, building more canals, and railroads. These new canals would cause people to spread out and build their homes along them to make it easier to ship their items. In a diary written by a traveler they describe the journey down the newly built Erie Canal and how convenient and cheap it was (American Yawp Reader: A Traveler Describes Life Along the Eerie Canal, N.A.). Railroads began in 1828 and these became a very popular way to ship goods. Because of all these new technologies for shipping these people also needed somewhere to mass produce the item. This problem paved the way for factories which made things faster and more efficient. But all of these new technologies required upfront banking but America had not updated their banking systems. The next step was the Limited Liability Corporation which is still standing and thriving today in America. This policy allowed the investors to finance these products without being responsible for the failure of the company. This allowed a ton of economic growth for companies and goods because they have money to support their business and allow it to grow and prosper. All these improvements in technology like canals and new roads altered the physical landscape in America for the better but also the economy (The Market Revolution: Crash Course U.S. History #12,

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In the 19th century, a major way of transportation was crafted. This was called the Erie Canal. This Canal led to great economic growth throughout the United States. For example, the Canal brought in many people through the seaports in New York which made it more busy than it already was (Doc. 1a). This made New York City grow tremendously between 1830 and 1860 (Doc. 1a).

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This led to an increase in canal- building that went on until the 1840’s when railroads started including canals. One of the other ways that American culture and society in the Antebellum Period is by the creation

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The efficiency of the canal was much higher than expected. It increased the value of land, lowered the cost of goods and increased the flow of immigrants (Feller 19). America was on the brink of a period of innovation that would affect the way families worked and prospered permanently.

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The market revolution had a tremendous impact on many regions in the U.S., most notably the South and Northeast. The market revolution is a term used by historians to describe the expansion of the marketplace that occurred between 1815 and 1830, prompted mainly by major transportation improvements and various unique inventions to connect distant communities together for the first time. The South developed and thrived mainly from the cotton gin and the expansion of slavery. The Northeast flourished and bloomed from the factory system, interchangeable parts, transportation improvements, and women in the work force. The market revolution impact on the South and Northeast brought about widespread economic growth yet affected the regions differently, the South shifted from subsistence farming to commercial farming and the Northeast grew in mechanization and industrialization.

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Transportation meant more interactions of people and information, but often had devastating effects due to the human folly of wanting to decrease time. Women in the work force increased the production rate, as well as a boom in the economy, but were often treated in inhumane conditions and regarded lowly. Banks allowed vast opportunities for the wealthy investors, but also ended up disabling the poor working force, especially in the depression. As such, while there were evident benefits to the market revolution that heavily boosted the economy and development of the country, the drawbacks still outweighed the positives. Death and people taking advantages of others led to the market revolution being a dark time in American history.

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To some people they didn’t see it as a big thing but to others this was huge. Some knew that this was a start of a new life but to others it really didn’t mean anything. The Market Revolution was in many ways America's answer to Europe's Industrial Revolution of the 18th Century. I think the biggest thing about the American Revolution that changed America was Eli Whitney and his 1793 invention of the cotton gin. The cotton gin was a machine that

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As a result, many American citizens started purchasing automobiles which allowed cities to grow and expand. This allowed for factories to begin manufacturing automobiles which created jobs and brought major

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The same American System that promoted high tariffs on foreign goods, oversaw internal improvements, and created a national bank, also birthed the Market Revolution. The Market Revolution revolutionized how farmers produced goods in America and the redirection of their purchasing habits which transformed the mindset of how farmers viewed their role in the American economy; thus, making them more compliant to commercial and capitalist ideals. Overall, the Market Revolution in America provoked significant changes in America socially, economically, and politically. There were many social changes associated with the Market Revolution.

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The steamboat effected the U.S. positively because it encouraged growth and it linked Americans beyond their local communities. It also promoted greater mobility of people and goods which made a market possible. This revolution made life easier for people to travel to and from many different locations. 2. What was the Market Revolution and how did it effect the U.S. in a positive way?

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The building of canals such as the erie canal helped speed up trade by connecting lakes and ocean helping to lower

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After the War of 1812, it altered the North and turned into a business sector society in which support in long-separate trade modified people's desires and exercises. Included, European exchange to a great extent ended amid the war, business people put resources into household manufacturing plants. The change with economic development after the War of 1812 is also a very crucial and significant to American society. The begin of the Market Revolution happened in the early 19th century, many commerce and most Americans adapted to the Market Revolution, for example, the construction of roads, rails, and canals dramatically enhanced national mobility.

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Throughout American History, revolutions in transportation have affected the American society politically, socially and economically. Soon after the war of 1812, American nationalism increased which leads to a greater emphasis on national issues, the increase in power and prevalence of the national government and a growing sense of the American Identity. Railways, canals, and Turnpikes began to increase making many people employed. The era of 1830-1860 represents a shift from agrarianism to industrialism. Overall, during the transportation revolution, construction of turnpikes, roads, canals, and railroads led to the market economy expansion, an increased population in America and alternations of the physical landscape of America.

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The invention of the cotton gin decreased labor and increased the production of usable cotton and the demand for items being made from it. Advancements being made in both water and land transportation led to explosive growth in cities and factories; thus improving the national economy little by little. All in all, the revolution taking place in the Americas after the war of 1812 turned the nation into the successful, worldwide marketplace we know of

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The development of railroads, turnpikes and canals prove the claim. In the first two decades on the 1800s, turnpikes had a great effect on the American economic

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The building of roads, canals and railroads played a large role in the United States during the 1800s. They served the purpose of connecting towns and settlements so that goods could be transported quickly and more efficiently. These goods could be transported fast, cheap and in safe way through the Erie Canal that was built to connect the Great Lakes to New York. Railroads were important during Civil War as well, because it helped in the transportation of goods, supplies and weapons when necessary. These new forms of transportation shaped the United States into the place that it is today.

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