Topic > 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 revolt for Americans in the United States. There were changes in the vast improvement of transportation, the growth of factories, and there were major developments of new technologies that increased agricultural production. Americans advanced into new areas and produced an agricultural surplus that went to the agricultural market. In the 19th century, manufacturing was the most important factor because it led to industrialization. The expansion of both economic and technological advances has also brought about changes in American society. The growth and subsequent dominance of market capitalism in the United States has 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 brought people in the North more opportunities in the field of Work. but profitable markets are now attainable, farmers and manufacturers now produce for the market rather than for their own personal consumption. Farmers, artisans and entrepreneurs have had significant opportunities thanks to the market revolution. The construction of new roads and canals allowed people to exchange goods in distant markets with complete strangers. Railroads allowed people and goods to move faster and at lower cost. The steamboat, invented by Robert Fulton in 1807, allowed two-way traffic to move quickly on the nation's new waterways. With the steamboat, this made it easier for Southern farmers to easily transport cotton, rice and sugar... through paper... deal with machinery or cloth in factories. The era was a time that had great political changes. There were also technological and economic innovations in this period. The Industrial Revolution had produced new inventions and production methods. American inventors helped transform the U.S. economy with new innovations. This rapid evolution of manufacturing and agricultural improvement has had an extreme effect on American society. This change is something historians call the Market Revolution. This article shows that working class life has changed significantly. The market revolution and the rise of market capitalism influenced the working class by providing them with greater employment opportunities in the north, and new inventions encouraged farmers to grow more cotton in the south..