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How The Changes Contributed To The Transformation Of The American Economy Between 1790 And 1860

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The tremendous growth in the American economy between 1790 and 1860 was mainly due to market revolution which began after independence war. By 1850, the United States has become the fastest growing economy in the field of manufacturing, agricultural and mining. As a result of which, it became the global powerhouse of economy. Also, one change led to another thus promoting the overall development and change in the lifestyle of the people. Notable adjustments and improvements were evident in most of the regions. In addition, major changes happened in countries agricultural, transportation and communication system which played a major role in boosting country’s economy. Thus, several changes spurred the transformation of the American economy …show more content…

In addition, the American society of this time was mainly agriculture oriented. Most people engaged in farming which was important in providing their daily needs and supplying to other people (Boyce, 2010). However, during the early nineteenth century, the focus of agricultural industry changed significantly towards commercial agricultural from subsistence agriculture. They produced excessive crops and livestock and sold those for cash in the distant regional as well as in the international market. The Eastern United States provided an expansive area where the farmers could intensify their farming methods and enhance productivity. As a result, food was produced in plenty giving room for supplying to the urban areas as well as storing for future use. Others were exported to different regions of the world (Waisanen and Bliss, 2002). Moreover, several companies emerged which started processing food produce for storage and transportation. As a result of this emergence of the food processing industry, people started moving to urban area from the rural area. (Meyer, 2008). All these changes in the agricultural sector led to a significant boost in the economy of the United …show more content…

In addition, there was an invention of steamboat which was much better and faster than the canoes. The steamboats started transporting farm produce to other areas non-farming area of the America as well to American ports for trade with foreign regions. Some of the famous canals that were established as results of the developments were Erie and Champlain Canals in New York and the coals canals in eastern Pennsylvania and New Jersey. This better and improved means of transportation contributed to enhanced trade affairs between the United States and other regions in the world. Moreover, the trade boosted the country’s economy since it brought in foreign currency, a necessary factor for the economic growth. Likewise, railroads also played important role in transportation of low value commodities in huge volume between the origins and the destinations. In 1830, the nation had about 23 miles of railroad. However, with the perceived benefits of railroad there was tremendous growth and in next twenty years, railroad grew to 30,626 miles (Shi and Tindall, 2016). Thus, railroads helped in expansion of American capitalism by helping to create larger industrial enterprises and shrinking distances for

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