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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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In the Northeast innovations such as: textile machines broke out as a result of Samuel Slater’s English plans, the cotton gin and concept of interchangeable parts both created by Eli Whitney, as well as the sewing machine created by Elias Howe then perfected by Isaac Singer all stimulated other innovations making industrialization and manufacturing much simpler. Innovations to make tasks easier were also present in the West including one of the most important, the McCormick reaper which increased the amount of food produced in both the domestic and foreign markets. Although all of these smaller innovations were important to developing the economy, it was the transportation that really set America apart. For example, the Northeast’s economy was greatly furthered by the Erie Canal which linked the Hudson River with the Great Lakes. This effected the value of land along the route as well as industry within the state increased dramatically.

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Henry Clay’s American System saw the improvements of American infrastructure like the Eerie canal and improved railway system in the North. Along with improvements in communication, possible due to the telegraph, and technology, like the cotton gin in the south or the steel plow and reaper in the West. These developments in America kick started the American Market Revolution. The Market Revolution marked a change in American economics. Farmers now had easier times transporting their goods to markets and manufacturing increased greatly.

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Additionally, due to the railroads being built all across America, new raw materials were able to be moved from city to city allowing for rapid industrial and manufacturing growth which America always was challenged of since its break from Britain. The industrial revolution following the Civil War also differed as agriculture began to become more valuable to a developing nation. For instance, whereas before farmers were isolated from one another and lived in separate homes, due to the reliance of the nation to use the profits derived from agriculture to get more money to buy manufacturing goods stimulating industry more farmers began to move to the cities changing their lives completely. Due to the decrease in the agricultural, scattered, and isolated communities in the Midwest, America was able to become a more compact economic, independent, and industrial powerhouse. For generations, America had relied on old-fashioned, traditional ways of creating

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The railroad completely changed the way trade worked. Before the railroad people had to deliver goods by wagon, and that would cause a lot of problems because of the rough terrain and long delivery times, but with the railroad it made things 100 times easier for the single conductor, and the buyers who would get their product much faster than before. Railroads not only helped the economy, but it helped people as well, unlike most things that happened in the U.S. economy, there was little to nothing negative about the creation of railroads which was ideal because it is still being used today. Preceding the railroads there were steamboats, the steamboats were a big hassle because of the dangers, such as indian attacks or boiler explosions, but the Framers were not going to back down until they found the perfect way of trade, hence the railroad. Another way America increased trade was when the cotton gin was created.

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Market Revolution took place in the United States during the first half of the nineteenth century. American was marketing the products of goods like sugar, cotton, tobacco and other agricultural products in their nation and oriented to boycott British goods leading to independence. One significant change was the rise of economic, the revolution originated in the southern extension to the north. Within the economic growth, people also made new modes of transportation, improve the roads and ships to help them transport the goods to another colonies. Furthermore, the new invention of steamboat to help American exported the manufactured goods to other place.

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