the market revolution 1790-1830. the rise of a market economy due to changes in transportation a new...
TRANSCRIPT
![Page 1: THE MARKET REVOLUTION 1790-1830. THE RISE OF A MARKET ECONOMY DUE TO CHANGES IN TRANSPORTATION A NEW ECONOMIC SYSTEM WILL DEVELOP FARM INCOME INCREASED](https://reader033.vdocument.in/reader033/viewer/2022061305/55141d5d5503466d1a8b46be/html5/thumbnails/1.jpg)
THE MARKET REVOLUTION 1790-1830
![Page 2: THE MARKET REVOLUTION 1790-1830. THE RISE OF A MARKET ECONOMY DUE TO CHANGES IN TRANSPORTATION A NEW ECONOMIC SYSTEM WILL DEVELOP FARM INCOME INCREASED](https://reader033.vdocument.in/reader033/viewer/2022061305/55141d5d5503466d1a8b46be/html5/thumbnails/2.jpg)
THE RISE OF A MARKET ECONOMY DUE TO CHANGES IN TRANSPORTATION A NEW ECONOMIC SYSTEM WILL
DEVELOP FARM INCOME INCREASED BECAUSE TRANSPORTATION COSTS DECLINED 1800-1815 HOMES CONSUMED MOST OF WHAT THEY GREW 1820’S BEGIN TO SEE FARM FAMILIES PRODUCE SOME GOODS FOR MARKET MORE SETTLEMENT OUT WEST AS A RESULT OF TRANSPORTATION 1800-40 AGRICULTURAL OUTPUT INCREASED ANNUALLY ABOUT 3% BETTER TECHNOLOGY, IRON TOOLS, LED TO IMPROVED YIELDS IMPROVED VARIETIES OF CROPS & LIVESTOCK AVAILABILITY OF GOOD LAND
![Page 3: THE MARKET REVOLUTION 1790-1830. THE RISE OF A MARKET ECONOMY DUE TO CHANGES IN TRANSPORTATION A NEW ECONOMIC SYSTEM WILL DEVELOP FARM INCOME INCREASED](https://reader033.vdocument.in/reader033/viewer/2022061305/55141d5d5503466d1a8b46be/html5/thumbnails/3.jpg)
WESTWARD EXPANSION – GO WEST YOUNG MAN 1790 WEST WAS EAST OF APPALACHIANS
1840 1/3 US POPULATION LIVED BETWEEN APPALACHIANS & MISS-ISSIPPI RIVER
MOVE AS FAMILIES, CREATE OWN CULTURE, LIFE HARD INITIALLY
SEE EAST AS CORRUPT & WEST AS HONEST & DEMOCRATIC
VERMONTVILLE, MI- INCREASED POWER OF FED GOV’T, RUTHLESS INDIAN REMOVAL, INCREASE IN AG PRICES POST 1812
NEW STATES OUT OF LA PURCHASE
![Page 4: THE MARKET REVOLUTION 1790-1830. THE RISE OF A MARKET ECONOMY DUE TO CHANGES IN TRANSPORTATION A NEW ECONOMIC SYSTEM WILL DEVELOP FARM INCOME INCREASED](https://reader033.vdocument.in/reader033/viewer/2022061305/55141d5d5503466d1a8b46be/html5/thumbnails/4.jpg)
THE DOMESTIC SYSTEMTO TRACE THE CHANGES FROM HOUSEHOLD MANUFACTURING TO FACTORIES
BY LOOKING AT CIRCUMSTANCES THAT FORCED TECHNOLOGICAL CHANGE
1800-1815 MANUFACTURING AT HOME FOR PERSONAL CONSUMPTION
IMPROVED TRANSPORT INCREASED FARM INCOME & STIMULATED COMMERCIAL AGRICULTURE
DOMESTIC SYSTEM CREATED CHANGE IN DISTRIBUTION
WORK DURING OFF SEASON
1800-1840 AG OUTPUT INCREASED ANNUALLY ABOUT 3%
![Page 5: THE MARKET REVOLUTION 1790-1830. THE RISE OF A MARKET ECONOMY DUE TO CHANGES IN TRANSPORTATION A NEW ECONOMIC SYSTEM WILL DEVELOP FARM INCOME INCREASED](https://reader033.vdocument.in/reader033/viewer/2022061305/55141d5d5503466d1a8b46be/html5/thumbnails/5.jpg)
TEXTILES AND THE FIRST FACTORIES GREAT BRITAIN “WORKSHOP OF THE
WORLD”
SIMPLE FACTORIES: PAWTUCKET, RI 1790, SAMUEL SLATER, SPUN COTTON INTO THREAD
F.C. LOWELL & BOSTON ASSOCIATES 1813 - CREATE WALTHAM SYSTEM
COMBINE OPERATION, PRODUCTION & MANAGEMENT IN CENTRAL LOCATION
THREAD INTO COTTON CLOTH
![Page 6: THE MARKET REVOLUTION 1790-1830. THE RISE OF A MARKET ECONOMY DUE TO CHANGES IN TRANSPORTATION A NEW ECONOMIC SYSTEM WILL DEVELOP FARM INCOME INCREASED](https://reader033.vdocument.in/reader033/viewer/2022061305/55141d5d5503466d1a8b46be/html5/thumbnails/6.jpg)
THE WALTHAM SYSTEM & LOWELL MILL GIRLS SOUTHERN NEW ENGLAND FIRST U.S.
MAJOR MANUFACTURING CENTER
FACTORIES RUN ON WATER POWER
MID 1820’S – LOWELL GIRLS WORK IN FACTORIES
COMPARED TO EUROPE CONDITIONS RELATIVELY GOOD INITIALLY
AS VORACIOUS APPETITE FOR COTTON CLOTHING SKYROCKETS DEMANDS FOR PRODUCTION INCREASE, SO DOES PRESSURE TO PERFORM & CONDITIONS DETERIORATE
STRIKES 1834 & 1836
![Page 7: THE MARKET REVOLUTION 1790-1830. THE RISE OF A MARKET ECONOMY DUE TO CHANGES IN TRANSPORTATION A NEW ECONOMIC SYSTEM WILL DEVELOP FARM INCOME INCREASED](https://reader033.vdocument.in/reader033/viewer/2022061305/55141d5d5503466d1a8b46be/html5/thumbnails/7.jpg)
KING COTTON MOST IMPORTANT INDIRECT EFFECT OF
INDUSTRIALIZATION OCCURRED IN THE SOUTH
INDUSTRY, TRANSPORTATION & IMPROVED AGRICULTURAL YIELDS LED TO SPECIALIZATION OF CROPS – COTTON
EXCHANGE NETWORK ENCOURAGED REGIONAL CONCENTRATION & DEVELOPMENT OF CREDIT & GROWTH OF BANKS (MORE LATER)
DEMAND FOR COTTON ASTRONOMICAL
COTTON GIN 1793 SOLIDIFIES SLAVERY IN THE SOUTH
1820 ½ COTTON FROM ALA & MISS
![Page 8: THE MARKET REVOLUTION 1790-1830. THE RISE OF A MARKET ECONOMY DUE TO CHANGES IN TRANSPORTATION A NEW ECONOMIC SYSTEM WILL DEVELOP FARM INCOME INCREASED](https://reader033.vdocument.in/reader033/viewer/2022061305/55141d5d5503466d1a8b46be/html5/thumbnails/8.jpg)
BLACK BELTS – SLAVERY MOVES WEST ALABAMA FEVER
1830 $50/ACRE; 2/3 AMERICAN EXPORTS – COTTON
COTTON STIMULATES REST OF ECONOMY
NORTH CONTROLS COTTON ONCE IT LEAVES PLANTATION & SOUTH RESENTS THENORTH – TENSION
MISSOURI COMPROMISE, PROPERTY RIGHTS, VIRGINIA SELLS 6K 1832
SLAVE PRICES DOUBLE, INTERSTATE SLAVE TRADE FLOURISHES