Question

Between 1800 and 1840, the American economy evolved and...

Between 1800 and 1840, the American economy evolved and transformed. It is referred to as the market revolution. What were the main elements of the market revolution? How did the market revolution spark social change in America? How did the market revolution affect the lives of American workers, women, and African-Americans?

Answer & Explanation
Verified Solved by verified expert

-Key element that contributed to this economic shift were technological advancements in modes of transportation, a growing demand and employment in factory jobs followed by increased urban migration, and an agricultural shift away from subsistence farming for self-sufficiency towards commercial farming for profits.

-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.

  • -The Market Revolution affected the lives of workers by giving them jobs. It did bring them from skilled labor to cheap labor though. There were far more immigrants in the North than in the South because there were more job opportunities due to there being less slaves.
  • -Women raised children and cooked and did other labor around the house, such as cleaning. With the market revolution, women wanted to work in places outside of the home, in factories and mills. Though the Cult of Domesticity changed from Republican motherhood, women were still seen as staying at the home.
  • -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.
Step-by-step explanation

-The Market Revolution sparked social change in many ways. Cities grew, factories sprouted along with "the clock" and the "mill girls", and immigration increased. With the new inventions like steamboats and canals, there was a growth of "slave-based cotton plantations in the South.

-The Market Revolution sparked social change in many ways. Cities grew, factories sprouted along with "the clock" and the "mill girls", and immigration increased also, due to the new inventions, the factory and work process had changed dramatically and became much easier.

-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.

-The market revolution did not offer opportunities for women. With the declining significance of the household for economic production, women's roles changed. Mass-produced goods made much of their home production redundant. Women tended to follow their work from household to factory. The Market Revolution affected the lives of workers by giving them jobs. It did bring them from skilled labor to cheap labor though Poor women worked in factories.