cap 9 The Market Revolution Flashcards
Definition
A transformation in the U.S. economy marked by technological innovations, industrialization, and expansion of markets.
Transportation Revolution
Development of roads, canals, steamboats, and railroads that connected distant markets.
Steamboat (1807)
Invented by Robert Fulton, revolutionized river transportation.
Erie Canal (Completed in 1825)
Connected the Great Lakes to New York City, boosting trade and migration.
Railroad Boom (1830s-1840s)
Expanded transportation networks, leading to economic growth and westward expansion.
Telegraph (Invented in 1837, Commercialized in 1844)
Samuel Morse’s invention improved communication across vast distances.
Growth of Cities
Industrial and commercial hubs like New York, Cincinnati, and Chicago expanded rapidly.
Expansion of Cotton Economy
Demand for cotton increased, strengthening the plantation system in the South.
Factory System
Shift from home-based production to large-scale industrial manufacturing.
Effects on Labor
Created new jobs but also led to harsh working conditions and wage labor dependence.