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Benefits and liabilities of the market revolution
Benefits and liabilities of the market revolution
Impacts of the industrial revolution in america
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Around the year 1800, there are some significant political, economic, and social changes. These changes affected Americans significantly. Americans in nineteenth century described that freedom is the most important character of their country. Freedom was connected with economic and democracy but it is also influenced by the slavary system. 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, …show more content…
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 In some industries, the factory superseded traditional craft production.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. …show more content…
Rhode Island which is the only one state adopted a new state constitution that all white men had the right to vote. Tocqueville, who was French writer, identified democracy as an essential attribute of American freedom, but the democracy was limited. Blacks and women still had low status. Despite increased democracy in America, blacks were seen as a separate group. The War of 1812 revealed that United States still was not a truly integrated nation. “In 1815, President James Madison put forward a blueprint for government-promoted economic development that came to be known as the American System” (Foner P286). This plan based on a New national bank, Tariffs and Federal financing for better roads and canals. However, the Bank of the United States didn’t regulate the currency and loans effectively. The Panic of 1819 disrupted the political harmony of the previous years. Fearing that Spain would try to regain its colonies, Adams drafted the Monroe Doctrine in1832. It reflected American nationalism, but “sectionalism seemed to rule domestic politics” (Foner P291. Andrew Jackson was the only candidate in the 1824 election to have national appeal, but None of the four candidates received a majority of the electoral votes. Henry Clay supported John Quincy Adams and helped him to win the voting. During the Age of
The Market Revolution can be defined as the economic transformation that took place in America during
During the time period of 1860 and 1877 many major changes occurred. From the beginning of the civil war to the fall of the reconstruction, the United States changed dramatically. Nearly one hundred years after the Declaration of Independence which declared all men equal, many social and constitutional alterations were necessary to protect the rights of all people, no matter their race. These social and constitutional developments that were made during 1860 to 1877 were so drastic it could be called a revolution.
The mid 19th century is one of the major turnaround in the history of the United States. That is the time when America became an Industrial giant and emerged as one of the powerful countries in the world. Industrial revolution changed the people’s way of living in the whole world especially the United States from hand and home productivity to machine and factory. America rose from rural and agricultural country to an urban-industrial that introduces new technologies. United States has been through a lot of ups and down in spite of its emergence and three books tells the story of the Industrial America in three different perspectives. Each of these perspectives creates the whole idea of what Industrial Revolution is all about.
The late 1700’s and early 1800’s can be mostly be tied to one issue, slavery. Slaves had huge impacts on the economy and early years of the United States. They impacted the market, were a major discussion of right and wrong in a lot of congressional meetings, and even though there were some free slaves they still didn’t have the right of other free people although they had much better conditions than those enslaved. With both the North and South having different viewpoints on the issue of slavery and rising tensions gave way to a war to finally determine whether slavery would be abolished or not. All these different factors helped give rise to democracy.
Throughout the first half of the 19th century, and especially after the War of 1812, America has taken on yet another revolution. In this time period, the country saw a rapid expansion in territory and economics, as well as the extension of democratic politics; the spread of evangelical revivalism; the rise of the nation’s first labor and reform movements; the growth of cities and industrial ways of life; a rise in abolitionism and reduction in the power of slavery; and radical shifts in the roles and status of women.
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.
During the 1800’s, America was going through a time of invention and discovery known as the Industrial Revolution. America was in its first century of being an independent nation and was beginning to make the transition from a “home producing” nation to a technological one. The biggest contribution to this major technological advancement was the establishment of the Transcontinental Railroad because it provided a faster way to transport goods, which ultimately boosted the economy and catapulted America to the Super Power it is today.
One of the reasons the business of picked up so much, was because of the glorious invention of the railroad. Farming and ranching grew quickly as emphasis on commercial production and marketing expanded greatly. Wheat, sorghum, rice, hay, and dairy became important as the 19th century was nearing its end, but cotton and livestock were still the dominant in farming and
The years after the civil war left one half of America, the north, satisfied and the other half, the south, mostly dissatisfied. Therefore the last third of the nineteenth century, 1865-1900, was a time period in which America was mending, repairing, improving, reshaping, and reconstructing its society, economy, culture, and policies. Basically it was changing everything it stood for. This continual change can be seen in the following events that took place during this time. These events are both causes and effects of why America is what it is today. These are some examples: the reconstruction of the south, the great movement towards the west, the agricultural revolution, the rise of industrialism, the completion of the transcontinental railroad, and America's growth to gaining world power. All of these are reasons and events that characterize America as being an ever-changing nation.
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...
The mid 19th century was an age of growth like no other. The term “Industrial Revolution” refers to the time period where production changed from homemade goods, to those produced by machines and factories. As industrial growth developed and cities grew, the work done by men and women diverged from the old agricultural life. People tended to leave home to work in the new factories being built. They worked in dangerous conditions, were paid low wages, and lacked job security (Kellogg). It is difficult to argue, however, that the economic development of the United States was not greatly dependent on the industrial revolution.
The Industrial Revolution was the major advancement of technology in the late 18th and early 19th century that began in Britain and spread to America. The national and federal government helped the United States grow into a self reliant nation with improvements in transportation, technology, manufacturing and the growth of the population. Americans had an economy based on manual labour, which was replaced by one dominated by industry and the manufacture of machinery. It began with the expansion of the textile industries and the development of iron-making techniques, and trade expansion was enabled by the introduction of canals, improved roads and railways. One of the first to kick off, was the textile industry.
With the economic system, the south had a very hard time producing their main source “cotton and tobacco”. “Cotton became commercially significant in the 1790’s after the invention of a new cotton gin by Eli Whitney. (PG 314)” Let alone, if they had a hard time producing goods, the gains would be extremely unprofitable. While in the North, “In 1837, John Deere patented a strong, smooth steel plow that sliced through prairie soil so cleanly that farmers called it the “singing plow.” (PG 281).” Deere’s company became the leading source to saving time and energy for farming as it breaks much more ground to plant more crops. As well as mechanical reapers, which then could harvest twelve acres a day can double the corn and wheat. The North was becoming more advanced by the second. Many moved in the cities where they would work in factories, which contributed to the nation’s economic growth because factory workers actually produced twice as much of labor as agricultural workers. Steam engines would be a source of energy and while coal was cutting prices in half actually created more factories, railroads for transportation, and ships which also gave a rise in agricultural productivity.
In the 19th century, America had a basic economy and small industry. It was also a new country, with few customs and traditions. It had not had time to acquire any, because it was still so new. America has grown a lot since then, and a lot of the steps we have taken to get to today's bustling economy and immense industry took place in the nineteenth century. Commerce and industry contributed to America's nineteenth century identity because it provided the framework for a larger economy in the future, helped drive western expansion and growth of cities, made an improved transportation system necessary, and forced many new inventions onto the market
The Industrial Revolution was a period from the 18th to the 19th century where major changes in agriculture, manufacturing, transport, and technology had a profound effect in North America. The industrial revolution marked a major turning point in history because it changed every aspect of life in America and the country as a whole. People started replacing ploughs and other tools for machines that could do twice the work. While others moved to large cities and started working in factories and other businesses. Huge industries such as the textile, steel, and coal industry came out and had a profound effect on the industrial revolution but, they would not have been extremely successful if it was not for railroads. The railroads played a vital role in the development and success of other industries. The railroads triggered the biggest leap in transportation in history. Through technological and entrepreneurial innovations and the creation of steam-powered locomotives, the development of trains as public carriers of passengers and freight, brought forth the railroad. The railroad industry changed the nature of production because it became an important energy source that replaced human and animal power. Due to the important role of the railroads, workers became more productive, items were being shipped more quickly, and resources were becoming available to everyone including the working and middle class and not only the wealthy. The railroads became to be known as one of the biggest leaps of transportation in history. This is because it set up the next fifty years of America’s prosperity. The railroads became extremely popular and useful during the 1800’s to millions of people and other large companies. Although there were many indu...