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. Many social groups of America at this time were impacted by the market revolution. Two groups that I am going to focus on are the blacks and the middle class. The slaves were impacted by the invention of Eli Whitney's cotton gin in 1793. In Give Me Liberty by Eric Foner, he tells of the slowing of the cotton market in the "Cotton Kingdom" due to the slow, tedious work of removing the seeds from the plant. And when the cotton gin came in to play, it expedited the process of cotton picking. This tool did indeed revolutionize slavery in the South. Thanks to the cotton gin, a rise in demand for cotton led to more slaves being needed. Foner tells us, "In 1793, when Whitney designed his invention, the United States produced 5 million pounds of cotton. By 1820, the crop had grown to nearly 170 million pounds" (Foner 260). In a painting by Lewis Miller named Slave Trader, Sold in Tennessee depicts the image of slaves being sold in 2 lines, with men on horseback holding a rifle guiding the slaves on their journey. The caption for the image explains that the slaves are being marched from Virginia to Tennessee. The bl... ... middle of paper ... ...opment of our economic and business sphere. Where would our country be without this type of revolution? The outcome was mainly to our benefit and put the wheels in motion to shape America into the great country we have come to know. Works Cited 1) The Crowning of Flora. 1816. Give Me Liberty!: An American History. Brief Third ed. Vol. One. New York: W.W. Norton, 2012. 274. Print. 2) Emerson, Ralph W. "The American Scholar." Give Me Liberty!: An American History. Brief Third ed. Vol. One. New York: W.W. Norton, 2012. 270. Print. Voices of Freedom excerpt 3) Foner, Eric. "Chapter 9." Give Me Liberty!: An American History. Brief Third ed. Vol. One. New York: W.W. Norton, 2012. N. pag. Print. 4) Miller, Lewis. Slave Trader, Sold to Tennessee. 1850's. Give Me Liberty!: An American History. Brief Third ed. Vol. One. New York: W.W. Norton, 2012. 260. Print.
The Market Revolution can be defined as the economic transformation that took place in America during
Foner, E. (2010). The People Party. In E. Foner, Give me Liberty! An American History (pp. 680-682). Canada: W.W Norton & Company, Inc., 500 Fifth Avenue, New York, NY 10110.
In Eric Foner’s book, The Story of American Freedom, he writes a historical monograph about how liberty came to be. In the book, his argument does not focus on one fixed definition of freedom like others are tempted to do. Unlike others, Foner describes liberty as an ever changing entity; its definition is fluid and does not change in a linear progress. While others portray liberty as a pre-determined concept and gradually getting better, Foner argues the very history of liberty is constantly reshaping the definition of liberty, itself. Essentially, the multiple and conflicting views on liberty has always been a “terrain of conflict” and has changed in time (Foner xv).
The 19th century market revolution was a period of dramatic socioeconomic development in the United States. According to Ronald Takaki, this “revolution” culminated in a boom of entreprenuership, ease of business, and an insatiable demand for labor that led to the racialization of minorities in the United States. After a stagnate economy in the late 1700s due to poor soil quality, the invention of the Cotton Gin by Elie Whitney jumpstarted the market by allowing tougher strains of cotton to be grown and processed. Suddenly, the “Cotton Kingdom” was immensely profitable. In addition, a decrease in shipping costs (76) and spreading use of banking and capital (76) made doing business in the US easier. The United States also had, in contrary to
There were many key elements of the market revolution. During the early nineteenth century, large economic changes known as the market revolution forever changed America.What triggered these massive changes was new innovations in communication and transportation. During the colonial times, technology was not very advanced, there were not any canals, ships were not very fast and all manufactured goods were created by hand. Many farm families in the 1800s were not bound to the marketplace and just made most of what they needed to live on at home. With the lack of canals or other means of transportation, it was almost impossible for many farmers to reach distant cities or waterways to get their goods to market. The serious demand for quick
The Market Revolution was one of the most important changes of American society before 1850. It was the adoption of a nation wide commercial change that would later alter all the different societies within the country. Wilentz described this period as the development of a market based economy and the dramatic changes in America’s behavior during the first half of the nineteenth century. Collectively, Sean Wilentz wrote about how historians argued about the topic of the market revolution and how each part of the country was affected by this time period and the changes that resulted.
Throughout the Market Revolution, women were more involved in the workforce. Now it wasn't just the men that worked to support their families. This was a step closer to women having more equal rights to men
Railroads opened new areas as settlement and stimulated the mining and manufacture. At the same time, the telegraph appeared. It brought uniform price of the country. Because of these improvements, many people migrated to west. The market revolution and westward expansion heightened the nation’s sectional divisions. The most dynamic feature of the American economy in the beginning of the nineteenth century was the rise of the Cotton Kingdom. But the increasing demand of cotton lead to larger number of slaves. For white people, westward expansion was a chance to get more freedom, but for black people, it means that they would have less freedom and their families will be broken. In the north, Market Revolution turned it to commercial system. Farmers focus on producing crops and livestocks. In some industries, the factory superseded traditional craft production. Both men and women could earn money by taking jobs from factories. Market Revolution changed the time concept of Americans. In cities, time of work and relax is divided clearly. Early New England textile mills largely relied on female and child labor.
...on to its peak. Transportation advances began a unification process across the country both economically and culturally (Roark, 262). The United States finally started to take advantage of the natural resources of the land to benefit the economy. By having water powered equipment, the growth of factories mushroomed, but at the same time, caused a great issue with working conditions and the employment of women. Financing new ventures became an important facet during the market revolution. America’s money supply grew considerably, which led to increased investment opportunities. The market revolution was a fast-paced time for the United States and it introduced a larger scale of the distribution of goods.
Foner, E. (2008). Give me Liberty: An American History. New York, Ny: WW. Norton &
30.) Foner, Eric. Give Me Liberty! An American History. 4th ed. (W.W. Norton, 2012), 599.
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.
Throughout history there have been many important revolutions that have help to shape society as it is today. There are different causes, from political to religious, economic to social. Any revolution affects those in society, and creates changes for the people in the society. There are three important revolutions that took place in the late 18th century that changed the world for the better. The French Revolution, the American Revolution, and the Industrial Revolution all took place in the late 1700s. Although each had a different purpose, they all lead to a better way of life for many. The French and American Revolutions are examples of some which are brought about and enforced solely by the people. Although they had different reasons behind them, both had the same idea behind them- social change. The Industrial Revolution was different, it was a technological revolution which had positive social outcomes. While one can easily compare the French and American Revolutions because of their social causes and outcomes, the Industrial Revolution can only be compared to the other two when examining their outcomes.
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.
The market today has become so important that society takes it as completely natural. From “The Economic Problem” Heilbroner describes three main solutions, with the market being one. Furthermore into the market, Polanyis book “The great Transformation” gives insight on how much society actually allows the market to dominate. To Polanyi a market society is seen as social relations embedded in the economy instead of the economy being embedded in social relations. Examining both of these books gives a great understanding on how life was without the market and how it came to be. Taking note of Rineharts work as well on how the workplace has drastically been changed by the market is key to analyzing the transformation as a whole. As a result of the transformation, not only has human labour been altered, but another author known as Weber states that certain peoples view on the world have also be affected. This essay will establish how “the great transformation” (Polanyi) from a traditional society to one based on a market economy has vastly impacted societal workplaces, and societal beliefs around faith of idealogical conditions.