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Three effects the market revolution had on society
Benefits and liabilities of the market revolution
Benefits and liabilities of the market revolution
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After the improvements made by the American System facilitated the Market Revolution in America. The Market Revolution was made up of; transportation and communication, transitioning to commercial farming and industrialization (Schultz, 2013). This opened many doors for the American people and led to the change of how America does business. Communication played a big role in the Market Revolution. The people were now moving goods around and communicated well with one another. The main way of transportation for long-distance was made by rivers and the sea. It was quicker and a reliable way of transporting goods to markets to be sold. Due to rivers running north to south made it difficult having to travel east to west. Once they started realizing the importance of quick travel, the states began financing construction of toll roads, canals, and other means of transportation. This led to turnpikes, canals, steamboats, and railroads (Schultz, 2013). Another means of communication that was created by Samuel Morse, was the telegraph. This was a way to send coded message, known as Morse code, that translated into letters that people could get in an instance instead of by postcard, that could take a long time (The Market Revolution, n.d.). The new means of transportation and communication made it possible for the way farmers farmed their …show more content…
This was a time where different machinery was created to make finished goods (The Market Revolution, n.d.). There were a few gentlemen that plaid a part in the industrialization. A gentleman name Cyrus McCormick developed and sold a machine called the reaper that made harvesting crops faster. Eli Whitney, creator of the cotton gin, made the machine that helped separating cotton from the seeds. Samuel Slater, “Slater the Traitor”, brought the textile mills to America. Charles Lowell opened doors for women by opening a series of textile
The Market Revolution can be defined as the economic transformation that took place in America during
The changes in American agriculture was molded by three key factors, economic change, government policy and technology, in the period of 1865-1900.Technology helped facilitated production of good as well as their transportation. Farmers were able to produce more goods, yet they overproduced and it resulted in economic hardship for them. They could not afford to export goods through the rail roads high rates, and led to clashing with the government, for the lack of support. Such factors resulted in change of American agriculture.
Samuel Slater, a British mill worker, is usually credited with starting the Industrial Revolution in America. He secretly brought his knowledge of British machinery to America and used it to build his Rhode Island textile mills. Slater employed entire families to work for him, building tenement housing and a general store at the site of his mill, effectively starting the first factory town. A collective of businessmen from Boston followed suit, opening several mills in Massachusetts in the 1820's. the factory system replaced the outwork system, in which craft workers performed separate stages of production in their own homes, and prompted would-be workers to relocate into factory towns.
In the first half of the nineteenth century, the Market Revolution was famous in America. It was an economic revolution marked by industrialization, improvements in transportation, and expansion. People had difficulties selling their production because of the poor transportation and many family lived in the self-sufficient mode. However, this problem was solved because of the invention of the steamboat,
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.
1. What do you consider the biggest challenge(s) facing Americans as a result of the rapid changes that society experienced due to the market revolution? Why do you believe the way that you do?
Market revolution is a rapid change in economy in 19th century in which there was a National market and products were serviced easier and faster. During the Market Revolution, there was a creation of a new environment built by the innovations of new technology in relation to transportation, communication, and occupation. The spread of the market relation moved westward along with political democracy. White men who owned property always were part of the political system, but the market revolution allowed people outside to participation. With the economy at a faster pace, there a pull from self sufficient farming, discovery of private rights, and territorial expansion. There was a market transition in
There is one man who really got the Industrial Revolution started his name was Sir Richard Arkwright. He made a very significant invention, the invention he made was called the spinning frame. Also known as the water-frame, a machine that makes a very strong
... as farmers became more conscious of prices rising to transport their goods, they were forced to find other means of transportation to distribute their goods.
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.
Well, by allowing people to communicate to each other in two sides of a continent the telegraph allowed farmers to send larger halls to markets, towns and cities that were miles away. This meant that they could employ a larger work force. This larger work force eventually developed worker’s rights and unions. Farmers on the east coast could send their products to the west coast and did not have to worry about sending too much and making a loss. They could also send their goods internationally to country’s across the pacific. By allowing multiple trains to contact each other. If there was something blocking the tracks, such as an avalanche or a train track that has split due to cold weather a train that was trapped could warn another train behind them to prevent a crash and a loss of human lives. Ships could also send out distress calls to other ships in the area in the event of an emergency (S.O.S, short for Save Our Selves or Save Our Ship became to international call for help regardless of what transportation the call of destress is coming from). It also helped the production of oil production. After the invention of the telegraph there was a surge in the financing world because for the first time you can get real time updates on stocks you own and the finance world became more accessible to the
During the nineteenth century the industrial revolution, the formation of new nations and the development of infrastructure and traffic had strong effects on society. Travelling became much easier and cheaper while the means of transportation became faster and faster. Even the media had to adapt to the growing spatial mobility of the people and so the challenge was to find a new mean of communication which was able to make information available wherever you are.
The commercial revolution was a time in Europe where the economy expanded like never before. This all began around the 16th century. But before the 16th century there were new technologies being invented and new social structures being created that helped catapult the commercial revolution. Prior to the 16th century we had peasants fleeing to towns and cities who then became residents. Steadily more residents settled in towns. The merchant class known as burghers organized to fight off the feudal lords who were interfering with their businesses and trade. As a new social structure formed newer technologies emerged to help with the growing populations in towns and cities. Agriculture was a big technological advancement. Three things that boosted it: warmer climates,
One of the main contributors to the commercial revolution was agriculture. The increase of agricultural harvests resulted in a surplus of food, which lead to a population growth that from 700 A.D to 1200 A.D doubled from approximately 27 million to 60 or 70 million. This population explosion allowed for a greater division of labor as well as the addition and expansion of towns and cities. With more people able to fulfill non-food producing occupations the industrial progress of the middle ages skyrocketed. One of the most prosperous farming systems of the commercial revolution was the open field method where one field was left fallow for the year while the rest of the land was plowed and planted. The clearing of new farmland, the invention of the heavy plow and horse harness, and the use of the ridge-and-furrow pattern all greatly advanced the escalation of agricultural
Technology changed from steamboats, canals, rail roads to truck, busses, and modern day ships.(industrial revolution). More jobs opened in building machines and technology. Safety procedures can in better quarantine food security.(cdc). This has not only helped safety, but economic growth. The import share has risen due to the ethnic diversity and food variety. Food consumption totaled to 654 billion pounds. farmers have become economically okay because of food transports. (export). America has grown in technology released and are reaching towards the goals of developing technology such as bigger ships. America has taken all they know about food, transportation and used what they knew to create the big ships and trucks we have now, whether they are transferring food state to state or are transferring food country to country. “Shifts in food consumption have led to increased trade and changes in the composition of world agricultural trade.”(Agriculture