During the 19th-century, the “real” marketing revolution, a large scale manufacturing agriculture, was created. The marketing revolution allowed for the switch from an import-export economy which concentrated on foreign markets to a national economy which concentrated on domestic markets. Before the “real” market revolution, Americans produced all of the goods that were needed for their families and local communities. During this time, local trading was the least expensive way of earning goods. So, when the marketing revolution began, everyone benefited. Since the transition from import-export economy to national economy, there has been an important change in banking, transportation, labor force, and industrialization. Of the many smaller revolutions, transportation advances had the greatest impact on driving the change from an import-export economy to a national economy. Before …show more content…
During the Industrial revolution, much new technological equipment was made in order to make manufacturing more resourceful. Before the revolution, skilled artisans made everything by hand (Tindall and Shi, 273). This was very time consuming for these workers, so when the Industrial revolution came along, everyone benefitted. During this time, many inventions such as the steam engine, sewing machine, the cotton gin and sewer system were being used. However, the most impactful invention was the steam engine. Not only did steam engines help in powering steamboats and railroads, but it also was used to power factories. Factories that used these steam engines “began mass producing textiles, shoes, iron, clocks, and guns for national consumption” (Tindall and Shi, 281). Without industrialization, mass production of goods would not have been sold or traded as fast as it did. The new technologies helped bring in more profit and sold them at lower prices. This is return helped boost the financial stability of