The Effects of the Market Revolution oin American Society Essay examples

The Effects of the Market Revolution oin American Society Essay examples

Length: 3121 words (8.9 double-spaced pages)

Rating: Powerful Essays

Open Document

Essay Preview

The Market Revolution transformed various aspects of American society because of the development of new inventions, ideologies, and lifestyles. From 1790 to 1840, the improvement of national transportation methods, the commercialization of the American market system, and the beginning of industrialization fostered the Market Revolution and affected the country economically, socially, and even religiously. The Industrial Revolution occurred in Western European countries such as France, England and Germany beginning in 1760 and completely altered the European market, workplace, and society by the time the inventions and technological ideas diffused into the United States. In 1791, Alexander Hamilton expressed “the necessity of enlarging the sphere of our domestic commerce”1 and therefore supported and funded American industries. With the help of the government, the Market Revolution initiated the expansion of the marketplace due to the connection of distant communities, such as western cities with seaboard cities, for the first time due to the advances in infrastructure. This would cause the shift away from local and regional markets to national and international markets abroad. The Market Revolution changed aspects of American life such as labor, transportation, commercialization, family life, new values produced by evangelical religion, sentimentalism, and transcendentalism, and the birth of the new middle class from 1790 to 1840.
Pre-industrial labor mostly consisted of farming and agriculture involving the entire family. In 1823, 97 percent of all Americans still lived in farms therefore the rural population and workforce was much larger than the urban population and workforce. The production and growing of food was used by the...

... middle of paper ... middle class was an important transition for American society assisted by the Market Revolution.
The Market Revolution, from 1790 to 1840, inspired by the developments of commercialization, industrialization and the advances in transportation altered the lives of Americans in areas such as labor, transportation, commercialization, family life, new values and the new middle class. American entrepreneurs with new technology created an entirely different economy which shaped and affected all other aspects of society. The Market Revolution gradually shifted society from a rural agricultural lifestyle to the focus of work in the urban cities as it is today. While the vast majority of American citizens participated in agriculture and farming in 1800, the percent of farmers working in 2013 is less than 1 percent: this is the everlasting effect of the Market Revolution.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

The Shift from Traditional Societies to a Market Society Essay

- Material and ideological conditions are integral components of a market society, which interacted and changed the ways we view market society today. I will discuss the shift from traditional societies to a market society to explain what Polanyi refers to as “the great transformation”. I will then talk about the changes that have occurred in the workplace, the impact on these workers, and the worldview of those in a market society. According to Polanyi, a market economy becomes a market society when all land, labour and capital are commodified (Polanyi, 1957)....   [tags: market society, societies, polanyi]

Powerful Essays
1020 words (2.9 pages)

Market Failures And Its Effects On The Environment Essay

- Market failures can stem from externalities that cause the market to not be at equilibrium, thus causing harm or less benefit to society and the environment as a whole, however, this can be corrected by government involvement. There are negative and positive externalities that exist outside of market transactions that can have effects on third parties not directly involved in the consumption or production of the good (Market failures and externalities. (n.d.)). These externalities affect the optimum level of equilibrium, consequently causing market failures....   [tags: Externality, Market failure, Social cost]

Powerful Essays
948 words (2.7 pages)

Essay on The Market Revolution On American Society

- The market revolution was a time of change, liberation, growth, and of course American ingenuity. This new kind of revolution brought about many changes in the lives of Americans everywhere. New technology from the steamboat to the telegraph connected the country in a new way. The emergence of factories (and the factory system) brought the growth of commerce, specialization of products, and many jobs to a rapidly growing nation. The market revolution benefited our country by impacting the social groups of the slaves and the middle class, generating a change in laws of the economy and warranting the redefining of freedom....   [tags: market revolution, middle class, slaves]

Powerful Essays
885 words (2.5 pages)

How A Market Economy Is A Society That Is Industrialized Essays

- A market economy is a society that is industrialized. For example, there are factories and workers that make goods. But a society does not need capitalism to be industrialized. A market economy is where there are people who compete. They try to get money by themselves and only for them. They are money greedy and the want it all. This is a goal and this is what a market economy focuses on. But even though society is industrialized, they have limits. They are controlled by the government. For example, Social Security is controlled by the government....   [tags: Capitalism, Market economy, Free market]

Powerful Essays
892 words (2.5 pages)

Essay on The Crisis And Its Effects On The Market Crisis

- It turns out the results of the study that the successive capital market crisis has had a far-reaching effect in the case of doubt and loss of confidence in the market as leading to fears of investors to deal with the financial market should therefore be to rid the market of the effects of these crashes by protecting investors from the financial risks they may be exposed, they It turned out to be not the body 's ability to protect small investors from market risk and volatility represents a fundamental reason for some to refrain from investing in the financial market....   [tags: Economics, Investment, Capital market]

Powerful Essays
775 words (2.2 pages)

Essay on The Power Of Greed And Incentives On The Free Market Society

- Greed and incentives are two terms that each play a role in the other. Incentives are sometimes rewarding and sometimes punishing. Greed is intense and selfish, but is it really bad. By looking at it from an economical perspective, one can see how forms of greed and incentives play a crucial role in the free market society. People often confuse the idea of acting in one’s self-interest and of being greedy for the same thing. While they are of a similar concept, there is one large difference. To be self-interested simply means that you seek your own personal gain....   [tags: Capitalism, Free market, Market economy]

Powerful Essays
938 words (2.7 pages)

Essay on The Effects of Architecture on Society

- Architecture and the built environment Buildings reflect the values and ideas of society within periods. The role of architecture in shaping society and vice versa largely depends on the period in question and who or what affects first. The Enlightenment, and the subsequent period the Post-Enlightenment, reflect the biggest change for current ideas regarding architecture and society and current theories. At the same time, individual identities and understanding of society, progress and truth all follow a similar evolving path....   [tags: History, Humanities, Society]

Powerful Essays
1911 words (5.5 pages)

Transformations In American Society During The Market Revolution Essay

- Background Socialism is a difficult concept to describe, partially because the concept has been continually developing over the last two centuries, and partly because no distinctively socialist template has ever become a successful technique of governing a modern nation. By asking a socialist as to the definition of socialism, the answer would more likely confirm what socialism is not. Socialism is not capitalism. It is not exploitation. It does not mean that the rich get richer while the poor get poorer....   [tags: Capitalism Free Market ]

Powerful Essays
1477 words (4.2 pages)

The Effects Of Television On Society Essay

- The Effects Of Television On Society There is probably no greater influence on society than the television. It has become arguably the greatest invention of the past century. With it, we have witnessed countless historical events: Inaugurations of presidents; man’s first steps on the moon; the assignation of John F. Kennedy; even disasters as they happen. Americans watch TV in the morning to receive the daily news. They eat watching it. They watch it before they go to bed. But as television has saturated our lives, has it always resulted toward our betterment or has it possibly led to the deprivation of American society....   [tags: Media Violence TV Society Essays]

Powerful Essays
772 words (2.2 pages)

Essay on Women and the Market Revolution

- Women and the Market Revolution During the nineteenth century, America went through a number of social, economic and political changes. Revolutions in manufacturing and commerce led to substantial economic growth. Several cultural movements reformed American society. Mary Paul, once just a normal girl from Vermont, led a life that was shaped by the changes of the 1800's. The information gathered from Mary Paul's letters to her father make it clear that Mary's life experiences turned her into anything but an average woman....   [tags: Business Market Cause Effect]

Free Essays
920 words (2.6 pages)