The Market Revolution

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The Market Revolution
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In a very basic way water transformed the young
economy of the U.S.
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Factory work

• Increase demands for products yields mass
  producing factories
• The Lowell textile mills
• Preferably women workers.. Why?

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Inventions

• Mechanical Reaper
• Steel Plow
• Telegraph
• Steam Engine
• Cotton Gin
• Sewing Machine
• Steamboat

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Inventions

• Commercializing the steamboat is credited to
  Robert Fulton.
• The Clermont
• Allows for commercial mass transportation of
  products and raw material

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Erie Canal connects New York to the Great Lakes
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• Demand for canals and shipping results in the
  creation of the
• ERIE CANAL!

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The power harnessed from these moving waters ran
the new machines in factories that sprang up in
the early 1800s.
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After the War of 1812, the U.S. economy soared
although most were farmers.
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The way Americans made, bought, and sold goods is
known as the Market Revolution.
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The market Revolution was fueled by the American
genius for inventions.The market revolution was
making things in factories NOT IN PEOPLES HOUSES
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Steam Engines

• Early 1800s, Locomotives in England are
  developing
• Reach the US in 1830
• By 1850, more than 9,000 miles of tracks

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The Transcontinental Railroad
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The Transcontinental Railroad

• https//www.youtube.com/watch?vP4qYUnm4ZYY
• It was like the internet, only slower.
• It took 83 hours to cross the country on the
  railroad
• By wagon it could take weeks.

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• The first text messaging machine is invented in
  1837 by Samuel Morse!

http//www.history.com/topics/telegraph/videosthe
-telegraph-and-telephone
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Samuel Colt patented his revolving pistol in 1836.
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Manufacturing-the making of products by machinery.
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In 1813 group of businessmen led by a Boston
merchant named Francis Cabot Lowell built a
factory in Waltham, Mass. to manufacture textiles.
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Lowells was the worlds first truly centralized
textile factory. All the tasks involved in
making a product were carried out in one place.
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From the 1820s to 1840s, manufacturing industries
arose in New England and become the backbone of
the Norths economy.
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In 1817 New Englands textile mills produced 4
million yards of cotton cloth. 1840 it was 323
million.
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Free enterprise system--an economic system in
which companies compete for profits. This
system, also is called capitalism.
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In 1771, Adam Smith outlined the free enterprise
system. He argued that businesses should follow
the market forces of supply and demand rather
that government regulation. Free enterprise
expanded greatly in the United States during the
early 1800s.

• Todays concept of capitalismgt The federal gov.
  and state gov. now play important roles in the
  economy, such as regulating business to protect
  workers and consumers. Yet free enterprise
  remains the heart of the American economy and the
  foundation of American prosperity.

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For most Americans, going to work in the 1700s
generally meant working in the home or around the
farm.
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In the 1800s the building of new factories
sharply increased the demand for people to work
outside the home.
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Workers strike!

• When workers go on strike, they are protesting by
  not working.
• Why protest?
• Decreased wages, benefits, working conditions.
• Increase hours, workload

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Lowell Strike

• In 1834, wages at the Lowell mills were reduced
  by 15.
• Results 800 workers went on strike.
• More strikes followed. 99 factories won

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Immigrants

• Waves of immigrants from Europe arrive.
• Nearly one million Irish immigrants
• Question
• Why were Irish immigrants facing prejudice here?