What Were the Major Factors Facilitating the Market Revolution in the First Half of the 19th Century?

Bianca Coronado

History1301.05 17.SP

March 22, 2017

Essay 3

What were the major factors facilitating the market revolution in the first half of the 19th Century?

The market revolution brought a major change to the manual labor system beginning in the south diverging to the north and later spreading to the whole world. The essential piece of the economic growth in the United States in the nineteenth century was a good thing that brought many changes in the market. In respect to change, America took its first steps in creating the worlds most steady and most grounded economy, which gave citizens opportunity to grow.

The time of the market revolution is a time of huge political change but also of great economic and technological innovation. It was a period American market encountered a quick economic growth and expansion. This was the period America experienced a genuine financial change, because of the financial extension there was more noteworthy riches, which had a few advantages for most components of society aside from Indian tribes. This is thought to be provoked by expanding industrialization, for example Eli Whitney’s creation of the Cotton Gin. This was a time where there was so many changes and inventions in transportation, communication and technology in the United States and this advancements never showed signs of change during the British rule but was actually under development during that era.

Numerous Americans submitted such a great amount of exertion in finding and taking care of the technological problems that slowed down commerce within the country. Additionally with the invention/ building of the canal, steamboats, telegraph and railroad brought the United States out of the economic past by making transportation cost less, because there was creation of toll roads/ new roads and for the mercantile to offer their merchandise and ventures and made and created a land of settlement. The water transportation was of incredible help to the transportation of products. The Erie Canal made it simple for merchandise/ items to stream easily between New York City and great lakes and with the creation for the canal it attracted a majority of farmers migrating from New England and this created many new cites. In respect to revolution transportation, most citizens for the most part northerners increased their purchase of product’s produced in Factories and workshops, resulting in market revolution.

People believed that one of the most major innovation that brought change in the market was the Eli Whitney’s invention of the cotton gin in 1793 because American needed cotton most of 1700s, clueless to the fact that they had ability to construct textile factories and had waterways for transport. The southern planters in the past tried to develop cotton, yet they never succeeded because cotton labor was so intense, so they dropped the idea and went to plant rice, tobacco. It typically takes a ton of labor and slaves utilize an entire day to separate maybe a pound of cottonseeds from fibers. They dropped every other crop in place of the newly profitable cotton, additionally with the innovation of the Cotton Gin; processing plants in the North were delivering cotton fabric and cotton turned into the significant crop in the south. Also the planters wanted increases in slave labor to plant enough cotton to take advantage of their new production capacity and this made them purchase slaves from the West Indies and Africa before slave trading was prohibited.