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Market Revolution Impact

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The Impact of the Market Revolution on the American Economy In the United States, from 1815 to 1860, there was the market revolution that greatly impacted the U.S. economy. The market revolution is described as the expansion of the American economy, due to the new machines, transportation methods, and skills acquired during this time. Throughout the country, canals were built, more highways and road were constructed, and steamboats were invented to expand transportation method within the U.S. in order to promote cheaper and more efficient trade. The impact of this expansion varied significantly between the different regions in the country. The market revolution expanded the economies in the northeast and the south of the U.S., and also completely …show more content…
The northeast United States was exposed to drastic social and economic changes during the market revolution. One of the greatest changes in the northeast is the appearance of women in the work force. Before the market revolution women throughout their entire lives mainly worked at home, creating good for the family to trade while additionally taking care of the house. After the war of 1812, more factories were created in the northeast U.S. and this led to the beginning of the emergence of the women workforce. From 1815 to 1860, poor farmer families in New England would send their unmarried daughters to work in the factories. The women would live and work at the factory for hourly wages that would be send back home for the family so that they could have an additional income coming in. In the factories they were manufacturing textile products and shoes that wear cheaper and quicker to make than the homemade products, and thus created a larger profit margin for the factory owner. After a couple years of …show more content…
Since new textile factories were being built all around the northeast, the cotton industry was flourishing in the south because they supplied all the cotton to these factories. The creation of the cotton gin and with the help of slaves, cotton could be harvested quicker and more cost efficiently. The increased production of cotton lead to a prosperous slave trade within the south. The northeast and the midwest U.S. no longer needed slaves, so the south bought numerous slaves to pick cotton and other goods. Slave were a valuable commodity in the south and were mainly purchased and traded by rich plantation owners. Additionally, the thriving cotton industry was able to happen because of the improvement of transportation methods and communication. The invention of the electrical telegraph allowed for messages to be sent at a much quicker rate and lead to more cost efficient trading. Furthermore, the new methods of transportation like, steamboats and the new highways allowed for the southern plantation owner to quickly ship their supplies to the north and considerably reduced the price of shipping the goods. The southern plantation owners became very successful after the market

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