What is the market revolution AP US history?
The Market Revolution was a fundamental transformation of the United States economy throughout the first half of the 19thcentury, primarily due to the widespread mechanization of industry and the expansion and integration of various economic markets both domestic and foreign.
What was the market revolution summary?
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 were the causes of the market revolution?
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 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.
What was the market revolution quizlet Apush?
What is the Market Revolution? Expansion of the marketplace in the 1800s throughout early america that brought distance communities together and created a national, specialized, and interdependent economy.
How did the market revolution impact the United States?
How did the market revolution change American slavery?
And as more men and women worked in the cash economy, they were freed from the bound dependence of servitude. But there were costs to this revolution. As northern textile factories boomed, the demand for southern cotton swelled and the institution of American slavery accelerated.
What was the impact of the market revolution?
What were the main elements of the market revolution?
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.
How did the market revolution change American society?
Who benefited from the market revolution?
The market revolution improved standards of living for most American farmers. For example, a mattress that cost fifty dollars in 1815 (which meant that almost no one owned one) cost five in 1848 (and everyone slept better).
What were the most significant effects of the market revolution?
How did the market revolution change American life?
How did the market revolution affect America?
How did the market revolution impact American society?