How Did The Market Revolution Affect The Economy

**The age of industry was beginning to boom, this began in England before it moved to America. The Industrial or Market Revolution was a turning point in the way things were made. A large amount of human labor was no longer necessary because it was being replaced by machines. Machines were able to accomplish more work, in a faster amount of time than any human would ever be able to do, thus resulting in higher profits for companies.** America caught onto this idea not too long after the English did. The Market Revolution greatly aided the economy in the South with the invention of the cotton gin. Likewise, the Northeast’s economy flourished due to the new factory systems, such as the Lowell and Waltham System, and the invention of the sewing machine. Since the South relied …show more content…
With the invention of the sewing machine, by Elias Howe, factories were able to produce textiles faster than with the use of humans. Along with the invention of the sewing machine, there were also newly implemented factory systems. These systems were brought to America, from England, by Samuel Slater. Since it was illegal for plans for these factories to be brought to America, he memorized them and brought them that way. The Lowell and Waltham System is an example of a new factory system. This system employed women and children for a lower rate than the man that worked there. The men were the head of the household which meant they made the most money for the family, so women and children couldn’t make more than him. High tariffs were placed on English goods to protect these newly formulated industries from going out of business. Since the Northeast was highly populated, there were more forms of transportation than there were in the South. Of that high population, only a small percentage of it were slaves, even those numbers were