Market Revolution

Rise of Marketing

The increasing focus on new ways to invent and transport goods, leading to dedicated farmland for trade crops.

Free Enterprise System

An economic system characterized by private or corporate ownership of goods and investments directed by private entities in a free market.

Capitalism

An economic system that rewards efficiency in production and innovation, leading to new industries and job creation.

Bank Industry

A financial sector where wealth is used for production; banks make loans using deposited funds.

Bank Notes

The most common form of money in the 1800s, akin to modern checks, representing a promise to pay.

The Northern Economy

Refers to the economic regions that included the agricultural Northwest and industrial Northeast during the early 1800s.

Industrialization

The process of transitioning to a manufacturing economy, resulting in added workers, primarily women, to factory jobs.

Labor Unions

Organizations formed by workers to protect their rights and interests regarding wages and working conditions.

Slavery in the South

The institution of slavery persisted in the southern states despite bans in the north and increasing regulations.

Nat Turner's Rebellion

A significant slave uprising led by Nat Turner in Virginia, resulting in the deaths of many people, both white and black.

Market Revolution

A period of rapid growth in the early 19th century marked by the expansion of the market economy and technological innovations.

Transportation Revolution

The advancement of transport methods, including canals, railroads, and roads, facilitating commerce and mobility.

Urbanization

The increasing movement of people from rural areas to cities, leading to the growth of urban centers primarily due to industrialization.

Textile Industry

An early industrial sector that focused on the production of fabrics and clothing, significantly contributing to economic growth.

Mechanization

The use of machines in manufacturing processes, which increased production speed and efficiency.

Labor Movement

A social movement advocating for the rights and interests of workers, including better wages and working conditions.

Agricultural Revolution

The transformation of agriculture through new technologies and practices that increased food production and efficiency.

Tariffs

Taxes imposed on imported goods to protect domestic industries and generate revenue for the government.

Transcontinental Railroad

A major railroad that connected the eastern United States with the western territories, enhancing trade and settlement.

Interchangeable Parts

Standardized components that can be easily replaced or fitted into different products, revolutionizing manufacturing processes.