market revolution Flashcards
Market Revolution
the Market Revolution in the United States was a period in the 1820s-1830s in which the economy and society shifted from moral economies to a capitalist system.
Technological revolution
a period in which one or more technologies is replaced by another novel technology in a short amount of time.
Agricultural revolution
the name given to a number of cultural transformations that initially allowed humans to change from a hunting and gathering subsistence to one of agriculture and animal domestications
Cotton gin, cotton boom
In 1794, U.S.-born inventor Eli Whitney (1765-1825) patented the cotton gin, a machine that revolutionized the production of cotton by greatly speeding up the process of removing seeds from cotton fiber. By the mid-19th century, cotton had become America’s leading export.
McCormick reaper
Resembling a two-wheeled, horse-drawn chariot, the machine consisted of a vibrating cutting blade, a reel to bring the grain within its reach, and a platform to receive the falling grain.
Industrial revolution
the transition from creating goods by hand to using machines.
Factory system
a method of manufacturing using machinery and division of labor
Steam power
steam power, the use of water in gaseous form to power mechanical devices.
Textile mills and Lowell girls
young female workers who came to work in textile mills in Lowell, Massachusetts during the Industrial Revolution in the United States.
Transportation revolution
resulted in the development of pivotal methods of transportation in the 1800s including steamboats, railroads, and canals
Canals, steamboats, railroads
The use of steamboats and railroads made transporting large quantities of goods easy and cost effective.
Communications revolution
the motor that enabled the construction of the infrastructure of the modern world, newspapers, cartography, and the ‘public sphere’ of politics, of warfare and diplomacy.
Commodification of labor
Typically, this occurs when independent producers – either peasants or artisans – are expropriated and turned into wage labourers.
What was the Market Revolution, what factors caused it, and what changes it created
Happening roughly between 1800 and the 1840s, the market revolution was a series of gradual transformations that began the process where the majority of Americans no longer lived in the countryside and worked as small yeoman farmers or skilled artisan workers, but instead lived in cities and worked in factories.
What developments and other “revolutions” contributed to the Market Revolution, and how
the Industrial Revolution, which created improvements in manufacturing and transportation.