The Market Revolution was the economic push that America so desperately needed in the early nineteenth century. The innovations and inventions in transportation, communication, and technology during this time period couldn’t have come at a better time in U. S. history. Roads and railroads were both improved upon and new ones were built to help connect the interior of the U. S. The completion of the Erie Canal opened water transportation from New York to the Great Lakes and eventually to the Ohio and Mississippi valleys.
The telegraph was invented and so to was the cotton gin.
The factory system was growing because of the large demand for cotton. All this came at a perfect time in our history because this growth of land and wealth helped to most importantly stabilize our government. The three major reasons for the market revolution are transportation, communication, and technology. The 1st reason is transportation. Transportation had help in several areas the steamboat was developed, the Erie Canal was opened, the 1st railroad was built, and roads were improved.
The steamboat was developed in 1807 by Robert Fulton.
The steamboat improved water transportation because it increased the speed and lowered the cost of shipping/receiving goods and services from around the U. S. In 1825 the Erie Canal was opened. It connected New York to the Great Lakes. That had an immediate impact on the surrounding areas. New cities were developed for instance Buffalo, Rochester, and Lerdahl 2 Syracuse, and an additional 3,000 miles of canals were built that connected the Atlantic to the Ohio and Mississippi valleys. This once again would help lower costs of shipping/receiving goods and services.
Lastly, in 1828 the 1st railroad was opened and five years later the South Carolina Canal and Railroad Co. became the first train to transport people from Charleston across the state to Hamburg. By 1860 the railroads had grown to 30,000 miles, which was more than the total in the rest of the world combined. Amazing! The 2nd reason is communication. Communication had help from a man named Samuel Morse. He invented the telegraph in the 1830’s and was finally put into commercial use in 1844. Messages from Morse code were sent over electric wires, they used electrical pulses to represent numbers and letters.
In the beginning it was a service mostly for businesses and newspapers. Within sixteen years around 50,000 miles of electric wires were hung around the U. S. This invention helped to speed the flow information and brought uniformity to prices throughout the U. S. It also allowed for better business agreements to be made between businesses. The 3rd reason is technology. Technology of farm tools was probably the first real jump forward. In 1793 Eli Whitney invented the cotton gin. The cotton gin produced cotton on a large scale.
Since the waterways could ship more cotton to the north easily the factory systems in the north grew and developed. More land was needed so the westward expansion of the U. S. was underway. There was a massive slave trade within the U. S. because Congress just abolished Atlantic slave trade in 1808. So slave trade Lerdahl 3 within the U. S. was happening and all of this was because of the cotton gin. This time in history is commonly known as the Cotton Kingdom. In conclusion, the market revolution and in the early nineteenth century helped set the tone for a stable government in U. S because of the economic growth across the U. S. We looked at the innovations and inventions in transportation, communication, and technology that helped the market revolution take place in the U. S. Although the market revolution and westward expansion happened simultaneously, we saw the sectional divisions in U. S. get worse. The cotton gin was responsible for revolutionizing the institution of slavery. Despite slavery being revitalized I believe the market revolution and westward expansion was good for the country as a whole. A lot of great ideas came out of this era and these ideas would change the course of American history.
Cite this The Market Revolution in American History
The Market Revolution in American History. (2017, Mar 01). Retrieved from https://graduateway.com/the-market-revolution-in-american-history/