-
Essay / The Market Revolution - 642
The rise of the market economy occurred between the end of the War of 1812 and the Civil War. It was a time of uprising for Americans in the United States. There were changes in the considerable improvement of transportation, the growth of factories, and significant developments of new technologies that increased agricultural production. Americans advanced into new areas and produced an agricultural surplus for commercial agriculture. In the 19th century, manufacturing was the most important factor because it led to industrialization. The expansion of economic and technological advancements has also led to changes in American society. The growth and eventual dominance of market capitalism in the United States fundamentally changed the lives of all Americans. The market revolution and the rise of market capitalism influenced the working class through new inventions, such as the cotton gin, and encouraged farmers to grow more cotton in the South and provided Northerners with greater opportunities in the field of work. but profitable markets are now accessible, farmers and manufacturers now produce for the market rather than for their own personal consumption. Farmers, artisans and entrepreneurs have benefited from considerable opportunities thanks to the market revolution. The construction of new roads and canals allowed people to trade goods in distant markets with complete strangers. Railroads allowed people and goods to move faster and more cheaply. The steamboat, invented by Robert Fulton in 1807, allowed two-way traffic to move quickly on the nation's new waterways. Along with the steamboat, this made it easier for southern farmers to transport cotton, rice and sugar...... middle of paper ...... tending machines or cloth in factories. Pre-war This era was a period that saw great political changes. During this period, there were also technological and economic innovations. The industrial revolution gave birth to new inventions and production methods. American inventors have helped transform the American economy through their own innovations. This rapid evolution of manufacturing and improved agriculture had an extreme effect on American society. This change is something historians call the market revolution. This article shows that the lives of the working class have changed significantly. The market revolution and the rise of market capitalism influenced the working class with greater job opportunities in the North, and new inventions encouraged planters to grow more cotton in the South...