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Arguments about the market revolution
Three effects the market revolution had on society
How did the market revolution negatively affect the economy
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John Lauritz Larson the professor of history at Purdue University explores the captivating consequences that result from the market revolution in early America. With a passion for the matter and creative thinking, his research leads him to unanticipated consequences that plunge Americans with the transition to capitalism that relates economic change to the liberty and self-determination of individuals. According to Larson, there are remnants that are still relevant in history today. The mass industrial democracy that is placed in the modern United States bears very little resemblance to the past which was a simple agrarian republic. All because of the market revolution, the transformation resulting in the tangled foundation we know today
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.
The Market Revolution and the Second Great Awakening both dramatically shaped the individual stories of Elijah Pierson and Robert Matthews. When the Market Revolution brought Elijah from New Jersey to New York, his life was a lot different than what he was used to. Elijah had come from a town where everyone attended church and where social hierarchy was unproblematic. At a young age he learned that “God had placed men and women into families and social ranks, then governed their destinies according to his inscrutable Providence” (15). However, when he moved to New York, few people attended church and homelessness was seen all over the streets.
The market revolution, which started in 1815, transformed worker lives, and improved the nation vastly; although it also dropped the economy as well. The traditional market, which was based upon power generated by animals and water, was slow in activities such as transportation. The growing nation underwent peace, which then catalyzed the reform of the organization of the economy. As such, transportation was heavily improved upon, along with manufacturing, banking, and commercial law. However, there were also two panics during the time that occurred that led to many Americans who were anxious and uncertain about working in the country.
The market revolution sparked explosive economic growth and new personal wealth. It affected the lives of workers by giving them jobs. It did bring them from skilled labor to cheap labor though. There were far more immigrants in the North than in the South because there were more job opportunities due to there being decreased numbers of enslaved persons. The market revolution sparked social change in many ways.
During the 19th century, the American people were experiencing a revolution concerning both the economy and religion, in what is recognized today as the Market Revolution and the Second Great Awakening. A rapid increase in the population within the countryside, and the development of new technology outburst a change in the economy from one of local exchanges to one governed by capital and capitalists. Family owned businesses began to expand and sold their items not only among a small community, but now products were being shipped to different ports along the colonies. The industrialization movement was rapidly approaching that “Indian removal was necessary for the opening of the vast American lands to agriculture, to commerce, to markets, to
The Market Revolution affected the society of the United States by giving much wealth to the few rich, creating a sizeable middle class, and making the large lower class suffer even
Industrialization had a positively impact on U.S because Automobiles, Captain Of Industry , and light bulb and Electricity. The industrialization happened in the 1800’s. There was a lot of events that happened in this time period. Reason 1: Andrew Carnegie made old fashioned cars in the 1800’s. He taught many women and men how to drive.
This adjustment in the economy brought about the Market Revolution, which in turn had its own way of revolutionizing America. The
The Market Revolution generated a drastic change in the United States economy and altered gender barriers while at the same time accomplishing this in a provocative manner. This economic boom occurred around the first half of the 19th Century. The economic boom was achieved by inventions such as a transcontinental railroad system which resulted in a better transportation system which improved trade and the cotton gin which sped up the rate of removing seeds from cotton fiber. However like what the great Hugo said, “The brutalities of progress are called revolutions. When they are over we realize this: that the human race has been roughly handled, but that it has advanced”.
The market Revolution enabled men to be able to become part of a higher class, they had more opportunities to make more money, but it also brought the aspect that there would be people who would end up at the bottom of the class system. The market Revolution also brought about the middle class in which men and women who worked day to day jobs could earn a wage that would help them support their families. Instead of growing and making everything for themselves, families began spending their earnings on products produced by other working men and women. Work moved from quality of products to quantity produced. There were no longer people who would spend hours upon hours making a quilt or sewing clothes but the fast production of far less quality.
In a time after the Civil War, when a transcontinental railroad was created connecting the East and West, people began to move and settle across the country, creating new urban cities and manufacturing hubs. It was because of the railroad that the Second Industrial Revolution and the Gilded Age took place which rapidly increased the manufacturing of products through the new machines in factories and the spread of ideas by the telegraph and railroad. It was in this context that many farmers, as well, began to move West and experience a loss in the prices of their crops. It is also in this context that many workers were forced to work long, laborious hours with little pay. Farmers responded to industrialization in the Gilded Age by forming organizations such as the Granger movement and the Farmers Alliance as well as creating the Populist Party.
(189). " Before the market revolution in transportation, farming, and goods, families used to work for themselves at their farms, and exchange goods among their neighbor; all without the need for money. Nevertheless, the market revolution changed that, it contributed toward the production of goods that was now being manufactured increasing outside the home. And at the moment, they started exchanging money for goods, providing for the growth of the economy.
Paragraph 1: Industrialization really took of in the United States during the late 1800s and the early 1900s. Before then, America 's population had mostly lived out in the farms and ranches of the country, but that was about to change when more and more people started to move to the cities for work. Most of the people that moved, found themselves in factory jobs for the steel industry or alike, or working for the railroads. Companies could really thrive, as the United States government, adopted a policy of Laissez Faire. This is also about the time that immigration really kicked up, more and more immigrants were showing at Ellis Island, looking for a new start.
The Industrial Revolution began over 200 years ago. It changed the way in which many products, including cloth and textiles, were manufactured. It is called a "revolution" because the changes it caused were great and sudden. It greatly affected the way people lived and worked. This revolution helped to bring about the modern world we know today in many ways.
