3.3 Market Revolution and Economic Changes in the US

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The Market Revolution

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It marked a shift from artisan and home production to factory production.

The transition to factory production led to increased efficiency and output.

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Cottage industries

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They involved artisans making whole products one at a time.These industries were characterized by small-scale production.

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Factory production

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It used interchangeable parts for efficiency.

This innovation allowed for mass production and easier repairs.

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Why did the US economy grow in the early 1800s?

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The US became economically independent due to natural and human resources.

Abundant resources and a growing workforce fueled economic growth.

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What was the impact on cities during the Market Revolution?

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Urbanization grew in the North during the Market Revolution.

Cities expanded as people moved for factory jobs.

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What were the causes of the Market Revolution?

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Technological advances like the steel plow and steam power improved agricultural output. These innovations transformed farming practices.

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What was the impact of the Erie Canal (1825)?

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It connected the Hudson River to the Great Lakes.

This canal facilitated trade and transportation.

The Erie Canal linked NYC to the Atlantic Coast and Europe.

It played a crucial role in the economic development of New York.

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How did the US government support economic growth in the early 1800s?

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The US government acquired more land through the Louisiana Purchase and Mexican-American War. These acquisitions expanded the nation's territory significantly.

Investments in infrastructure included roads, bridges, and canals. Such investments were essential for economic development.

The Cumberland Road and Lewis and Clark expedition were key investments. These initiatives promoted westward expansion.

The US had an open immigration policy during this period. This policy attracted many immigrants seeking opportunities.

High tariffs were implemented to support manufacturing.

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Impact of the cash economy on men and women in the 19th century.

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As more men and women worked in the cash economy, they were freed from the dependence of serving on a farm.

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Abigail Adams' Beliefs

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Women should not submit to laws not made in their interest and should be recognized for their intellectual capabilities.