The Market Revolution was a major change for the United States and affected how labor was done. This led to improvements in how goods were manufactured and how labor was set up to make the process of trading goods more efficient.
10 factors that led to the beginnings of both the industrial and market revolution:
1) Indian Removal Act of 1830
This act drove Indians from their native lands down the trail of tears to the West of the Mississippi. That led to more land being open for white settlers and more plantations producing raw goods for Northern textile manufacturers.
2) The Invention of the Cotton Gin by Eli Whitney.
The invention of the Cotton Gin made a drastic increase in the production of cotton. Markets expanded with more and more technology that would help with the production of cotton, leading to a drastic increase in slave labor.
3) The Invention of Railroads and Steam Engines
Expanded markets, caused by increased cotton production, also led to the invention of railroads and steam engines. This was caused by the increased demand for cotton. Railroads could transport cotton and other goods to Northern textile manufacturers.
4) The Growth of the Market Economy …show more content…
These crops were produced for commercial value and did not benefit the farmers, but rather put them into short term debts in hopes of possible long term profits. Many then had to borrow money in order to buy land and sustain families. The government did not yet have an effective policy for transferring the public domain to small farmers.
5) The Invention of Steamboats
The invention of Steamboats helped with transportation of cotton and raw materials. A steamboat could go much faster than a keelboat and required less manual labor to steer and maneuver through bodies of water.
6) The Invention of
10 factors that led to the beginnings of both the industrial and market revolution:
1) Indian Removal Act of 1830
This act drove Indians from their native lands down the trail of tears to the West of the Mississippi. That led to more land being open for white settlers and more plantations producing raw goods for Northern textile manufacturers.
2) The Invention of the Cotton Gin by Eli Whitney.
The invention of the Cotton Gin made a drastic increase in the production of cotton. Markets expanded with more and more technology that would help with the production of cotton, leading to a drastic increase in slave labor.
3) The Invention of Railroads and Steam Engines
Expanded markets, caused by increased cotton production, also led to the invention of railroads and steam engines. This was caused by the increased demand for cotton. Railroads could transport cotton and other goods to Northern textile manufacturers.
4) The Growth of the Market Economy …show more content…
These crops were produced for commercial value and did not benefit the farmers, but rather put them into short term debts in hopes of possible long term profits. Many then had to borrow money in order to buy land and sustain families. The government did not yet have an effective policy for transferring the public domain to small farmers.
5) The Invention of Steamboats
The invention of Steamboats helped with transportation of cotton and raw materials. A steamboat could go much faster than a keelboat and required less manual labor to steer and maneuver through bodies of water.
6) The Invention of