Market Revolution

1
Market Revolution

• Chapter 9 Sect 1
• Pg 274

2
U.S. Market Expands

• 19th Century
• Families made their own goods. (food, clothing,
  ect.)
• Made cash selling excess goods. (butter, wood,
  eggs)
• Used cash to buy coffee, tea, sugar
• After Industrialization
• People spent money on other goods.
• Farmers shift from self-sufficiency to
  specialization.

3
U.S. Market Expands

• Specialization raising 1 or 2 cash crops to
  sell.
• Lead toMarket Revolution
• People bought sold goods rather than making
  them.
• Growth depended on Capitalism
• Economic system where private businesses control
  the means of production earn profits
• Investors called Entrepreneurs
• Investors who risk their own money in new
  industries.

4
New Inventions

• Charles Goodyear developed vulcanized rubber.
• Wouldnt freeze or melt in extreme weather
• Sewing machine patented in 1846
• Led to the factory production of clothing
• John Deere invented the steel plow
• Replace oxen w/ horses
• Cyrus McCormick invented the reaper
• Allowed 1 farmer to do the work of 5

5
Impact on Communication Transportation

• Samuel Morse created the telegraph.
• Carried messages across copper wires.
• Efficient transportation became essential.
• Robert Fulton created a steam ship that could
  travel both up down a river.
• Shipping costs fell making it ten times cheaper
  to ship goods by boat.

6
Impact on Communication Transportation

• Railroads offered the advantage of speed.
• Trains could operate in winter.
• Brought goods further inland.
• Improved communication transportation made
  Americas regions interdependant.

7
New Markets Link Regions

• South remain agricultural.
• Relied on tobacco, cotton, rice
• Northeast became a center for commerce.
• Relied on manufacturing to sustain the economy.
• Midwest became agricultural.
• People began moving from the northeast to the
  Midwest.
• First had to cultivate the land.
• Relied on specialization of wheat corn
• Encouraged southerners northerners to seek land
  in the west.

8
Critical Thinking Questions

• What was the market revolution?
• What role did entrepreneurs play in fueling the
  nations economy?
• How did inventions impact consumers?
• How did the invention of the telegraph enhance
  the nations business activities?
• In what ways did Americans improve their
  transportation systems?
• What factors helped the Northeast to become a
  center of commerce?
• What inventions helped to improve farming in the
  Midwest?
• Why did the South remain largely agricultural
  throughout the early and mid-1800s?