Market Revolution Paper

Submitted By MiamiHeat1234
Words: 3101
Pages: 13
Open Document
Carlos Luis
AP American History P. 3
Br. Herb
29 October 2014
Market Revolution Paper
Infrastructure
The Market Revolution saw a lot of changes in the infrastructure of the United States. People in the United States were now able to travel much easier. With the inventions of steamboats and railroads, people were able to get around the country more often and goods were able to be shipped across the nation. The first steamboat was operated in 1787 by John Fitch, but they were not as common until the Market Revolution began. After the successes of Robert Fulton and Robert Livingston with their uses of the steamboats on the Hudson River during the 1800s, many steamboats became common on many major rivers. The use of steamboats resulted in mariners having not to rely on winds anymore and now goods could be shipped directly. For example, planters from Mississippi and Louisiana could send goods through the Mississippi River now instead of having to send it across the country. Also, railroads were put into use in 1804 by Richard Trevithick in the United Kingdom and eventually found its way to the United States in the 1830s, with the Baltimore and Ohio railroad being built, which linked the port of Baltimore with the Ohio River. Railroads became common during the Market Revolution and actually became a more reliable method for transportation than steamboats. Railroad use was much safer than traveling on a steamboat and functioned year round. Railroads and steamboats allowed people and goods to travel faster and safer which resulted in improving the economy in the United States. The United States improved with communications during the Market Revolution with the invention of the telegraph. The telegraph was invented in the 1830s by inventor Samuel Morse which revolutionized long distance communication. The way a telegraph worked was by transmitting electrical signals over a wire laid between stations. Before the telegraph the main use of communication was the printing press. For example, now a message between London and New York could take only minutes while a letter would typically take weeks or months to get transmitted. As a result, business could be done faster and announcements could made quicker. Railroad departures and arrivals would be announced using the telegraph. The financial markets in the United States were expanding in a time where infrastructure was changing, especially with the improvement of communication with the telegraph. The Market Revolution occurred with the inception of manufacturing. Modern factories were started in 1769 by Richard Arkwright with his diagram of the water frame. The water frame was a diagram of the Cromford Mill factory that he started in England. Factories did not become common in the United States until the Market Revolution in the 1820s. Factories started the use of machines to make products, instead of having craftsmen making them. Machines allowed for products to be produced at a faster rate. Cotton and wool started to become in higher demand with the inventions of the machines and they were made at a much faster rate. Other products that were made in factories were clocks and furnaces. Politics heading into the Market Revolution started favoring manufacturing companies. Many tariffs became enacted to help manufacturing companies grow. One concept that became really popular in factories was replacing interchangeable parts. Previously if something like the minute hand of a clock broke the customer would have to purchase a brand new one. With the new idea of replacing interchangeable parts, the customer with the broken minute hand of the clock could go to the clock manufacturer and get a new minute hand instead of a brand new clock. The use of interchangeable parts saved many a lot of money in the United States and also provided money for companies.
Politics
Politics during the Market Revolution were optimistic. The Market Revolution came off the heels of the Era of Good Feeling and the
Show More

Related Documents: Market Revolution Paper

The Federalist Papers: The French Revolution And Alexander Hamilton

more directly address the role of the government when interacting with markets, or the state’s role in creating and subsidizing markets. The two readings come from two of our nation’s founders, James Madison and Alexander Hamilton. Madison’s piece was “The Federalist Papers: No. 10” and Hamilton’s piece was the “Report on Manufactures.” The two men had different ideas on how the government should interact with “factions” and markets. Hamilton took a more authoritarian position that the government has…

Words 884 - Pages 4

Kenneth Pomeranz's Argument Analysis

Let me preface my paper by stating that one cannot truly compare China to Europe as stated in our quiz section. Generalizing Europe with a country versus continent mentality incorrectly suggests that it was unified economically. Therefore, this paper will serve as an exploration of Kenneth Pomeranz’s argument as well as others. The Industrial Revolution was synonymous with the rise of consumerism in the form of mass production, as seen by the advancement of technologies in steam power and factory…

Words 663 - Pages 3

Market Revolution Dbq

The Market Revolution was a period in 1820 that introduced new technology and machinery in the United States. It affected factory workers who were working with technology and machinery. Before the revolution, workers struggled with low wages and long hours. These new advances allowed for wages to be introduced. The Whig and Democratic parties were the two political divisions created in the 1820s. The democratic party grew tremendously in the late 1820s to 1830s. This party supported and promoted…

Words 154 - Pages 1

History Of Capitalism

system in which the means of production are privately owned and operated for profit, usually in competitive markets -income in a capitalist system takes at least two forms, profit on the one hand and wages on the other History of System -Socialism came into existence in the early 1900s -Has its origins in the French Revolution of 1789 and the changes brought about by the Industrial Revolution, although it has precedents in earlier movements and ideas. Humanism in the 16th century put foward new…

Words 645 - Pages 3

Essay on Federal Reserve

Federal Reserve Paper The vision of a banking system was tried in 1775 during, the American Revolution. The Continental Congress issued the nation’s first paper money. A federal system was a failure because of the amount of notes printed, which led to inflation during the Revolution War made those notes of no value. The Federal Reserve Act was authorized into law on December 23, 1913, decentralizing central banking. The Federal Service Modernization…

Words 715 - Pages 3

What Is The Southern Argument To Abolish Slavery

Short Paper B America has been thought of as the land of the free for many years, however, there was a time were slavery was legal and a huge part of the thirteen colonies. There was much controversy over the fact that the "American Revolution" was fought to bring freedom from the European powers, but the fact that there was slavery in the thirteen colonies was an issue. The slaveholders kept the slaves to do manual labor such as working the fields growing crops to keep the economy alive and to…

Words 646 - Pages 3

Essay on Weekly Course Outlines

Modern Capital Markets Commercial Revival of the Middle Ages and Renaissance, 1000-1500 Business org: guilds, regulated associations (eg, Merchants of the Staple) Partnerships and shares Bancos to banks (Italy: deposit/discount, merchant, and pawn banks) Bills of exchange European Discovery of the New World The Price Revolution Spanish/Habsburg dominance of 16th C Long-term annuities Rise of Dutch Republic, late 16th & 17th centuries Dutch financial innovations Public debt Securities markets Wisselbank…

Words 3872 - Pages 16

What Was The Second Half Of The Great War

Final Paper The second half of the 19th century may be characterized as battle for machines, motherland, and markets. The First World War was a result of a perfect storm composed of an increase in military efficiency, determination of countries driven by nationalism and their allies. With all pieces in place, the consequences of a single event were magnified into what would then be called The Great War. Major 19th Century inventions, from steam ships to the railroad system, played a role in…

Words 632 - Pages 3

Essay on Venture Capital Investment

Venture Concepts Paper Marvin Raymond Fin/375 Financial Management in Small Business 05/20/2013 Venture Concepts Paper There are a variety of watch brands available to the consumer, there is your regular digital watch as well as some that look like rings, uniquely designed watches embroidered in precious stones. The wrist watch has always been a very popular accessory, and is seen as an essential wardrobe piece by some selling them…

Words 604 - Pages 3

Questions On Communication

Intrapersonal: communication within one person g) Interpersonal: direct sharing of experience between two people h) Mass Communication: communication from one person or group of persons through a transmitting device to large audiences or markets 4. Media are profit-centered (different types of ownership) i) Cross-media ownership: owns multiple media forecasts i. Ex) news corporations j) Conglomerates: corporation that owns more than just media ii. Ex)…

Words 982 - Pages 4