Market Revolution- Causes + Effects

Question 1

American System 1815
Goals

Answer 1

New market economy, need to be economically independent. Start with the tariff of 1816, Internal improvements, and 2nd bank of the US.

Question 2

American System 1815
Impact on the Economy- tariff of 1816

Answer 2

Increases manufacturing. Able to facilitate economic growth.

Question 3

American System 1815
Impact on Economy - Internal Improvements

Answer 3

Traveling east and west.

Question 4

American System 1815
Impact on Economy - 2nd back of the US (BUS)

Question 5

Regional Specialization
Growth of King Cotton in the South

Answer 5

Cotton gin in 1793 introduced, making production of cotton faster and more prosperous.

Question 6

Regional Specialization
Black Belt

Answer 6

Slaves in the south, along a belt in these cotton plantations. upwards of 4 million

Question 7

New Financial Institutions in North
Corporations

Answer 7

Corporations increased where they can share the burden. Like JSC. Shared burden. Can share stock in the corporations. Share financial burdens through the stocks. General incorporation laws, pay a fee to be incorporations. only responsible for the money you put into the corporation.

Question 8

New Financial Institutions in North
NYSE

Answer 8

New York Stock Exchange facilitates stock

Question 9

Technology and production in the North
Telegraph

Answer 9

Shrinks distance between east and west. Able to be informed, what’s coming their way with goods and raw materials. Quick transmission. By 1844-46, along the trains, independent lines, from San Fran to NY.

Question 10

Technology and production in the North
Morse Code

Question 11

Technology and production in the North
Lowell System

Answer 11

Factory system that is supposedly perfect. Not going to be dirty. Young single rural women sent there to work. They saw it as an opportunity to help their family and get out of the house. Many families were able to travel because they didn’t all have to work on the farm.

Question 12

Growth of King Corn in the west

Answer 12

McCormick Reaper from 1830-1840 creates more creation of corn in the west. 1/2 acre –> 12 acres of corn a day. Need for more land. Farmers are now able to produce more corn and need more land so they take out more loans. Need east west routes because of expansion. Become cash crop farmers.

Question 13

Transportation improvements
National Road

Answer 13

Cumberland road

Question 14

Transportation improvements
Erie Canal

Question 15

Transportation improvements
Steamboats

Question 16

Transportation improvements
Railroads

Question 17

Labor
reasons for internal migration

Question 18

Labor reasons for external migration

Question 19

Labor
Irish Migration

Question 20

Labor
German Migration

Question 21

Nativism
Growth of Temperence

Question 22

Nativism
NINA

Answer 22

No immigrants need apply. No immigrants were wanted at these jobs, so they shouldn’t even apply, they weren’t going to be hired.

Question 23

Threats to Democracy
Political Machines

Question 24

Threats to democracy
Tammany Hall

Question 25

Threat to catholocism?

Question 26

Working and living conditions in the cities
Urban Living conditions

Question 27

Working and living conditions in the cities
Workers in cotton industries

Question 28

Working and living conditions in the cities
Treatment of workers

Question 29

Working and living conditions in the cities
impact on lower class women

Question 30

Working and living conditions in the cities
Impact on upper class women

Question 31

Labor unions
Goals

Question 32

Labor unions
Legal status

Question 33

Labor unions
Strikes

Question 34

Labor unions
Workingman’s party