Unveiling the Market Revolution: Understanding Its Impact on Society

Dec 30, 2024

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Explore the profound changes brought by the Market Revolution in the 19th century United States, including economic shifts, technological advancements, and social transformations. Learn about the rise of factories, transportation networks, and new communication systems that revolutionized everyday life. This period marked a shift towards industrialization and a modern market economy, altering the social fabric and labor practices. Discover how these changes shaped society and impacted individuals across different sectors. Unravel the complexities of this transformative era through the lens of historical analysis.

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Unveiling the Market Revolution: Understanding Its Impact on Society

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The Market Revolution 1820 -1860

The Market Revolution 1820 -1860. Agrarian to Industrial Changes in America. The Rise of Interchangeable Parts. Remember the story of Chauncey Jerome Started as an apprentice for a master clockmaker

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Market Revolution

Market Revolution. Chapter 9 Sect 1 Pg 274. U.S. Market Expands. 19 th Century Families made their own goods. (food, clothing, ect.) Made cash selling excess goods. (butter, wood, eggs) Used cash to buy coffee, tea, sugar After Industrialization… People spent money on other goods.

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The Market Revolution

The Market Revolution. John Sacher University of Central Florida jsacher@mail.ucf.edu. Democratic v. Whig Ideas. Do not welcome economic and social change (or at least don’t believe government should aid this change.) Welcome & encourage economic and social change.

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Industrial Revolution aka Market Revolution

1793-1860. Industrial Revolution aka Market Revolution. Changes in production of goods revolutionize (significantly change) our standard of living, the way (& the where) we live & how we work. Began in Britain, early 1700s.

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The Market Revolution

The Market Revolution. 1820-1860. What are we talking about?. Major economic transformation Expansion of people producing for the market Changing WHAT they are producing and HOW they are producing Completely new mindset  REVOLUTIONARY!!. Factors Leading to the Market Revolution.

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The South’s Market Revolution

The South’s Market Revolution. Cotton, Slavery, and the Old South. Pre-1820’s Southern Agriculture. Virginia, Maryland, N. Carolina Tobacco S. Carolina, Georgia, Florida Rice Gulf Coast states Sugar. Decline of Staple Crops. 1820-1850 saw a decline in staple crops Tobacco

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The Market Revolution

The Market Revolution. Reactions and Effects. Focus Question:. Why do some people embrace change while others find it alarming?. Immediate Impacts. Separation of work and home Old systems fade away End of the “Putting Out” System Removes source of family income

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The Market Revolution

The Market Revolution. Chapter 9-1. Markets Expand. Early 19 th century: rural Americans = self-sufficient mid 19 th century: US more industrialized specialization: mid 19 th century farmers began raising 1 or 2 cash crops to sell – move away from self-sufficiency

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The Market Revolution

Main Idea. Why it Matters Now. The Market Revolution. The linking of markets continues today, as new technologies are opening the US to globalized trade. Objectives. US Markets Expand.

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The Market Revolution

The Market Revolution. Markets Expand, New Inventions Flourish, and the U.S. is United. US Markets Expand. The early 19 th century economy was based on rural farms and cottage industry. Many goods were made in the home and sold at local markets.

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Chapter 8 The Market revolution

Chapter 8 The Market revolution. Section 2 The northern section. Farming in the northwest. The us was 2 distinctive sections that had distinct geographic, economic and cultural differences The north was the northeast- new England, ny , nj & pa, & old northwest- oh, in, il , mi, wi & mn

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The Market Revolution

The Market Revolution. Changes in the Land. Focus Question. “All was expectancy. Changes were coming. Things were going to happen, nobody could guess what.” Lucy Larcom A New England Girlhood

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The Market Revolution

The Market Revolution. Irish Potato Famine. Potato introduced in 17 th Cen. Irish adopt it as staple crop Reliance on it for trade and life 1845 Famine hits Crops turn black Mass starvation British no help Leads to mass migration Australia and US. US Immigration 1830-1860.

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The Market Revolution

The Market Revolution. What improvements help the US economy?. Market Revolution is when Americans were buying and selling goods rather than making products for themselves/importing US Economy on the rise due to Free Enterprise

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Market Revolution

Market Revolution. Interconnected Domestic American System – promotes Major expansive force = Cotton trade. Essential Questions:. What are the factors that contributed to the development of the market economy? What is the impact of the market economy: Economically, Socially, Politically?.

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The Market Revolution

The Market Revolution. Chapter 9. Post War Market. War of 1812 demonstrated inefficiencies in US gov’t: - dependent on foreign trade - immobile military Congressional decisions: - encourage nat’l independence - build transportation routes. Tariff act of 1816.

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Market Revolution

1800 – 1850: Antebellum America 1. Market Revolution 2. Foreign Policy: Nationalism and Manifest Destiny 3. Andrew Jackson and Era of the Common Man: Slavery and Abolition 4. Sectionalism. Market Revolution.

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The Market Revolution

The Market Revolution. The Rise of Interchangeable Parts. Remember the story of Chauncey Jerome Started as an apprentice for a master clockmaker Started on company by age of 24 and realized he could mass produce clocks by using interchangeable parts. Prices dropped from $20 to $2.

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Market Revolution

Market Revolution. What was the Market Revolution?. Dramatic change in scale and impact of market activity. Surge in manufacturing (North and Northwest). More people brought into a larger market economy. Causes many economic, social, and cultural changes. Before the market Rev.

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The Market Revolution

The Market Revolution. A Revolution in Transportation. A Revolution in Transportation. In 1816, Henry Clay’s American System initiated federally funded “internal improvements” The National Road became the 1 st federal transportation project

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The Market Revolution

The Market Revolution. Chapter 9 Section 1. U.S. Markets Expand. The United States experienced great economic changes during the first half of the 1800’s. For one thing, the country became more industrialized.

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The Market Revolution

The Market Revolution. Before the Industrial Revolution. Remember, before the Industrial Revolution (early 1800’s) most Americans lived on farms and produced their own goods or traded with neighbors .

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