Market Revolution
Definition
The Market Revolution refers to the period in 19th-century American history when an agrarian society of small producers evolved into an industrialized nation of consumers.
Analogy
Think of the Market Revolution like upgrading from a flip phone to a smartphone. Before, you could only make calls and send texts (like how America was primarily agricultural). But after the upgrade, you can do so much more - browse the internet, use apps, take high-quality photos (similar to how America became industrialized and consumer-focused).
Related terms
Industrialization: The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods.
Capitalism: An economic system where trade and industry are controlled by private owners for profit.
Consumerism: A social and economic order that encourages the acquisition of goods and services in ever-increasing amounts.
"Market Revolution" appears in:
Study guides (5)
Additional resources (1)
Practice Questions (20+)
- What new social trends resulted from the Market Revolution?
- Which of the following transportation systems was important during the Market Revolution?
- How did the Market Revolution impact urbanization?
- What was one result of the building of large scale transportation networks during the Market Revolution?
- How did the Market Revolution impact slavery?
- Which population group was most negatively impacted by mechanization during the Market Revolution?
- Which improvement boosted agricultural productivity during market revolution?
- What did Samuel Slater introduce to America that played a significant role in its industrialization during the Market revolution?
- Which innovation significantly contributed to the success of the market revolution during the early-mid nineteenth century?
- What was one major cause for market revolution during early-mid nineteenth century America?
- How did the factory system introduced during the market revolution impact women's roles in society?
- Why was there a continuity in regional differences amidst the transformations brought about by the market revolution?
- Would westward expansion occur faster if steamboats hadn't revolutionized transportation during the market revolution?
- How might the socio-economic landscape of America have been different if the Erie Canal had not been built during the market revolution?
- Would there be a significant impact on social structures if women gained financial independence through factory work earlier in the market revolution?
- What law triggered a boom in railroad construction during the market revolution?
- Which figure was instrumental in expanding and improving transportation through steamboats during the Market Revolution?
- What transportation development most increased trade among states during the U.S.'s market revolution?
- What invention during the market revolution led to a substantial increase in productivity within textile factories?
- What economic system began to replace subsistence farming as a result of the Market Revolution?
Resources
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