Analyze the development of the market revolution (industrial revolution) and explain its impact on America.

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10 Terms

1
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What was the Market Revolution

  • Transition from agrarian economy to industrialization, wage labor, and mass production.

  • Shifted economy to integration in regional and global markets with industry, agriculture, and trade specialization.

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How did the telegraph impact the Market Revolution?

  • Invented by Samuel Morse, enabled nearly instant communication.

  • Facilitated coordination of commerce and growth of national markets.

3
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What was the significance of the cotton gin?

  • Invented by Eli Whitney in 1793 to efficiently separate seeds from cotton fibers.

  • Boosted Southern cotton production and increased demand for slave labor.

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How did canals and railroads contribute to internal improvements?

  • Canals: Connected interior regions with coastal markets, reducing costs and time for moving goods.

  • Railroads: Reduced travel time, linked regions, and supported westward expansion.

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How did the Lowell Factory System represent economic change?

  • Textile mills in Lowell, Massachusetts, employed young women to mass-produce cotton fabrics.

  • Demonstrated shift to factory-based production and rise of wage labor.

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What were working conditions like in factories?

  • Workers faced long hours, low wages, and harsh environments.

  • Factory girls lived under strict schedules with limited leisure opportunities.

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How did tariffs impact international trade?

  • Tariffs like the Tariff of 1816 protected American industries by raising the cost of foreign goods.

  • Encouraged domestic production and positioned U.S. industries for global trade.

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What were the social impacts of the Market Revolution?

  • Expanded workforce opportunities for women (e.g., Lowell factory girls).

  • Increased economic interdependence between North (manufacturing) and South (agriculture).

  • Deepened divisions over slavery.

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What global connections emerged from the Market Revolution?

  • U.S. agriculture tied to European textile markets (e.g., cotton exports).

  • Factories produced goods for both domestic and international markets, boosting U.S. global economic standing.

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What lasting legacy did the Market Revolution leave on America?

  • Fostered a dynamic industrial economy with technological and infrastructural advancements.

  • Connected regions, spurred economic growth, but introduced labor challenges and sectional divides.