The power of the federal government grew under Henry Clay ‘s American System, which led to many improvements in the form of expanded roadways and canal systems. The rapid development and westward expansion during the Market Revolution resulted in
land speculation
which caused economic boom and bust.
What role did the government play in the market revolution?
The power of the federal government grew under Henry Clay ‘s American System, which led to many improvements in the form of expanded roadways and canal systems. The rapid development and westward expansion during the Market Revolution resulted in
land speculation
which caused economic boom and bust.
How did the market revolution change politics?
The Market Revolution fundamentally altered American politics and society.
The advent of mass production and the factory system permanently altered the traditional master-apprentice relationship
, and squeezed many traditional craftsmen out of business by breaking up the tasks in production of many manufactured goods.
What was the most important part of the market revolution?
Traditional commerce was made obsolete by improvements in transportation and communication. This change prompted the reinstatement of the mercantilist ideas that were thought to have died out.
Increased industrialization
was a major component of the Market Revolution as a result of the Industrial Revolution.
What were the 3 parts of the market revolution?
Key Components of the Market Revolution –
Transportation, Mechanization, and Commercial Farming
. Following the War of 1812, the country looked to expand into the western territories in order to take advantage of the economic opportunities there as new markets opened up.
What were the causes and effects of the market revolution?
A shift from a producer culture to a consumer culture. What were the three primary causes of the Market revolution?
Rapid improvements in transportation and communication; the production of goods for a cash market; and the use of inventions and innovations to produce goods for a mass market
.
What were the effects of the market revolution?
The market revolution sparked not only
explosive economic growth and new personal wealth but
also devastating depressions—“panics”—and a growing lower class of property-less workers. Many Americans labored for low wages and became trapped in endless cycles of poverty.
Why was the market revolution bad?
The market revolution
sparked explosive economic growth and new personal wealth
, but it also created a growing lower class of property-less workers and a series of devastating depressions, called “panics.” Many Americans labored for low wages and became trapped in endless cycles of poverty.
How did the market revolution change the United States?
In the 1820s and 1830s, a market revolution was
transforming American business and global trade
. Factories and mass production increasingly displaced independent artisans. Farms grew and produced goods for distant, not local, markets, shipping them via inexpensive transportation like the Erie Canal.
What was life like before the market revolution?
Before the market revolution,
economic transactions for farmers took place within the moral economy
, which was characterized by local business dealings and based on face-to-face interactions with familiar people. With the market revolution, however, farmers and local exchanges were no longer the basis of the economy.
What was the long term result of the market revolution?
As for long-term impacts, there were several positives coming from the Market Revolution.
The United States became a consumer culture
, as goods could be mass produced and shipped all over the country with the new transportation advances such as railroads and steamboats.
How did the market revolution affect the South?
The South was impacted by the Market Revolution.
As the use of the cotton gin expanded
, the South turned more and more to the growing of cotton. Cotton eventually became the leading export of the South. The growth of cotton plantations also led to an expansion of slavery in the South.
How did the market revolution impact gender roles?
Domestic expectations constantly changed and the market revolution transformed
many women’s traditional domestic tasks
. … This relieved many better-off women of a traditional labor obligation. As cloth production became commercialized, women’s home-based cloth production became less important to household economies.
How did the market revolution lead to sectionalism?
The invention of the cotton gin in 1793
triggered a huge demand for slave labor to develop new cotton plantations. … By 1819, there were exactly 11 free and 11 slave states, which increased sectionalism in the United States.
Who suffered due to industrialization?
The poor workers, often referred to as the proletariat
, suffered the most from industrialization because they had nothing of value except their…
What was the impact of the market revolution quizlet?
This innovation opened new land to settlement, lowered transportation costs, and made it far easier for economic enterprises to sell their products. How did the market revolution spark social change?
The growth of cities, factory systems, the “mill girls
,” growth of immigration all had an impact on social change.
