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How did the market economy promote the growth of cities in the east and along the frontier?

How did the market economy promote the growth of cities in the east and along the frontier?

How did the Market Economy promote the growth of cities in the East and along the Frontier? Large-scale factories and spread of urban cities in the west. Steamboats could bring/transport good to the market and ship from industrialized centers. Land near bodies of water saw a sharp increase in population.

How did market revolution increase sectionalism?

The invention of the cotton gin in 1793 triggered a huge demand for slave labor to develop new cotton plantations. By 1819, there were exactly 11 free and 11 slave states, which increased sectionalism in the United States.

In what ways did the market revolution bring about economic and social change in the United States in the period from 1800 1860?

The market revolution sparked explosive economic growth and new personal wealth, but it also created a growing lower class of property-less workers and a series of devastating depressions, called “panics.” Many Americans labored for low wages and became trapped in endless cycles of poverty.

How did the market revolution change American society?

In the 1820s and 1830s, a market revolution was transforming American business and global trade. Factories and mass production increasingly displaced independent artisans. Farms grew and produced goods for distant, not local, markets, shipping them via inexpensive transportation like the Erie Canal.

What was the most significant cause of the market revolution?

Key factors that contributed to this economic shift were technological advancements in modes of transportation, a growing demand and employment in factory jobs followed by increased urban migration, and an agricultural shift away from subsistence farming (for self-sufficiency) towards commercial farming (for profits).

What was one major cause of the industrial revolution?

The development of trade and the rise of business were among the major causes of the Industrial Revolution. The Industrial Revolution marks a major turning point in history; almost every aspect of daily life was influenced in some way.

Which conditions are conducive for Industrialisation?

The following conditions led to industrialization:

  • Rapid capital formation.
  • Installation of new machines.
  • Availability of infrastructure.

What was a significant development in the way goods were made?

Growth and Expansion

Question Answer
A significant development in the way goods were made was the Factory system
Who developed the system of interchangeable parts Eli Whitney
Cotton production increased with the help of the cotton gin
Many new industrial towns developed along rivers and streams

Did corporations develop rapidly in the 1830s after changes to the law were made?

What was at the heart of the Industrial Revolution? Corporations developed rapidly in the 1830’s when legal obstacles to their formation were removed. The period in history when many people left their homes and farms to work in mills was called the Industrial Revolution.

How did electricity affect industrialization?

How did electric power affect industry and daily life? Increased production of stronger steel made the expansion of railroads possible. Steam engines on ships increased transportation options. Telegraph, telephone, radio; made possible by the invention of electricity.

How did the new developments in transportation and communication during the Industrial Revolution further the spread of God’s work on earth?

How did the new developments in transportation and communication during the Industrial Revolution furhter the spread of God’s work on earth? Modern transportation made the spread of the Gospel possible to every part of the world. The airplane was especially useful to missionaries in remote areas, such as jungles.