Market Revolution Review Pt. 1

How did the market revolution change the US economy?

• transformed the US economy from a crafts (by hand) system of production to a bartering system of exchange

• transformed the US economy from a manufacturing system of production to a crafts (by hand) system of production

• transformed the US economy from a crafts (by hand) system of production to a manufacturing system of production

• transformed the US economy from a market based system of exchange to a bartering system of exchange

All of the following were technological developments of the Market Revolution EXCEPT

• the telegraph

• Canals

• the Steamboat

• the Caravel

The market revolution changed the US economy in all of the following ways except...

• by leading to the development of specialized farming

• by leading to a large number of infrastructural improvements

• by leading to the development of self-sufficient households

• by leading to urbanization

How did the Steamboat impact the US economy?

• sped up trading on the nation's waterways

• provided free alternatives to state sponsored toll roads

• increased access between the east and the west and significantly lowered food prices along the eastern seaboard

• opened vast new areas of the American interior to settlement

The steamboat's impact on the US economy was most similar to ...

• Railroads because both opened new areas of the American interior to western settlement

• Toll roads because both traveled over water

• Canals because both significantly reduced the speed and cost of shipping in the United States

• Shunpikes because both enabled travelers to avoid expensive toll roads

Toll Roads failed to turn a profit during the market revolution because...

• shunpikes allowed local travelers to avoid paying tolls

• it was cheaper to ship goods by steamboat

• because it was faster to ship goods by railroad

• turnpikes allowed local travelers to avoid paying tolls

How did railroads impact the US economy?

• sped up trading on the nation's waterways

• provided free alternatives to state sponsored toll roads

• increased access between the east and the west and significantly lowered food prices along the eastern seaboard

• opened vast new areas of the American interior to settlement

How did canals impact the significance of the steamboat during the market revolution?

• increased the significance of the steamboat

• decreased the significance of the steamboat

• had no impact on the significance of the steamboat

Why did canals increase the significance of the steamboat during the market revolution?

• because they increased the speed of the river's flow, and therefore increased the speed of the steamboat's paddles

• because they enabled rural settlers to access markets from previously inaccessible areas

• because they interrupted railroad lines, thereby making the steamboat the fastest way of transporting goods between the east and west

• because they reduced the cost of trade between the east and west by allowing steamboats to transport goods across multiple waterways

The combined impact of canals and steamboats on the market revolution could best be described as a(n)...

• political impact

• economic impact

• social impact

• environmental impact