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Understanding the Market Revolution's Impact

Oct 24, 2024

Heimler's History: The Market Revolution

Introduction

  • Coverage of the Market Revolution across two videos.
  • Focus of this video: Changes in technology, agriculture, and commerce in the 19th century.
  • Definition: Market Revolution was the linking of Northern industries with Western and Southern farms, created by advances in agriculture, industry, and transportation.
  • Transition from agrarian society to a capitalist society.

Innovations in Transportation

  1. National Road (Cumberland Road):

    • Connected Maryland to Illinois, spanning 1000 miles.
    • Significant as it was one of the first major highways in the U.S.
    • Facilitated transport of goods and raw materials.
  2. Canals:

    • Human-constructed rivers for trade.
    • Erie Canal (1825): Linked western farms with eastern manufacturing.
  3. Steamboats:

    • Allowed for upstream and downstream travel, improving trade efficiency.
  4. Railroads:

    • Became main technology for trade by the 1820s and 1830s.
    • Received government support through loans, tax breaks, and land grants.

Innovations in Industrial Technology

  • Patent Laws: Encouraged invention by protecting inventors' rights.
  1. Eli Whitney's Interchangeable Parts:

    • Revolutionized manufacturing, especially in gun production.
    • Allowed for mass production and easier repair/replacement of parts.
  2. Factory System (1820s):

    • Mass production by unskilled laborers.
    • Shift from artisanal crafting to factory assembly.

Innovations in Agriculture

  1. Cotton Gin (Eli Whitney):

    • Sped up cotton processing.
    • Transformed Southern agriculture, making cotton a cash crop.
  2. Commercial Farming:

    • Shift from subsistence farming to growing cash crops (e.g., cotton, tobacco).
    • Linked American farms to international markets, particularly with British textile demand.

Conclusion

  • Innovations in transportation, industry, and agriculture interconnected American regions economically and linked them to international markets.

Additional Resources

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