Market Revolution & the Growing National Economy

Slides:

Advertisements

Similar presentations

Transformation of the Economy & Society in Antebellum America

Advertisements

Copyright ©2007 by the McGraw-Hill Companies, Inc Alan Brinkley, AMERICAN HISTORY 12/e Chapter Ten: America’s Economic Revolution.

Economic Revolutions and Nationalism Unit 4, Lesson 2.

Transformation of the Economy & Society in Antebellum America

EARLY INDUSTRY 7.2.

Section 2-Early Industry Click the mouse button or press the Space Bar to display the information. Chapter Objectives Section 2: Early Industry  I can.

Antebellum America: North vs. South.

In groups, examine each of 4 placards. For each, look at technology

Northern Economy America Growing Apart. Objective: Analyze the Market Revolution’s influence on agriculture and industry in the North.

Some items borrowed from: Susan M. Pojer, Horace Greeley HS, Chappaqua, NY.

US HISTORY Economic and Social Change Mid-1800s. ECONOMIC CHANGE  West: more settlement, growth of farming (corn, wheat), land exploitation  North:

Nationalism and Sectionalism in the Economy and Society.

Antebellum Economic Developments I.Productivity Factors Behind the “Industrial Revolution” and the “Market Revolution”

Chapter 14: Forging the National Economy, In the first half of the 19 th century the United States was growing at a rapid rate. The population.

ESSENTIAL QUESTION: First Turnpike Lancaster, PA By 1832, 2400 miles of road connected most major cities.

National Economy

ESSENTIAL QUESTION: First Turnpike Lancaster, PA The “Turnpike Era”,

Sectionalism! North, West, South Mr. Owens. Essential Questions What were the causes and effects of the rise of the cotton industry in the South and how.

In groups, examine each of 4 placards. For each, look at technology

■ Essential Question: – How did the development of regional economies & Clay’s American System led to a national market economy? ■ CPUSH Agenda for Unit.

First Turnpike Lancaster, PA By 1832, nearly 2400 mi. of road connected most major cities.

Market Revolution & the Growing National Economy

Chapter 14 Review. What was the “Market Revolution?” Industrial Revolution Transportation Revolution: roads, canals, steamboat, railroad Change from subsistence.

Alan Brinkley, American History 14/e

In the early Antebellum era ( ), the U.S. economy grew rapidly

Impact of Economic Change To what extent did the economic transformation of the early 1800s cause changes in demographics, social classes and American.

ANTEBELLUM AMERICA 4.1. First Industrial Revolution Happened during the late 18 th and early 19 th centuries. Time of advancements in technology which.

■ Essential Question: – How did the development of regional economies & Clay’s American System led to a national market economy? ■ CPUSH Agenda for Unit.

A National Economy in the Age of Nationalism To what extent was the American economy going through a dynamic change during the first half of the 19 th.

A National Economy in the Age of Nationalism To what extent was the American economy going through a dynamic change during the first half of the 19 th.

Resourcefulness & Experimentation p Americans were willing to try anything. p They were first copiers, then innovators  41 patents were approved.

US HISTORY Review of Political Change Economic and Social Change Mid-1800s.

Chapter 9 The Market Revolution, 1800–1840

What improvements help the US economy?. Modernizing America Market Revolution is when Americans were buying and selling goods rather than making products.

Antebellum America: North vs. South.

Early 19c Industrialization in America: The Market Revolution

Economic Revolutions and Nationalism

First Industrial Revolution

Antebellum America: North vs. South

Early 19c Industrialization in America: The Market Revolution.

Antebellum America: North vs. South.

Essential Question: How did the development of regional economies & Clay’s American System led to a national American economy? Lesson Plan for.

Ch.10 America’s Economic Revolution

Antebellum America: North vs. South

Alan Brinkley, American History 15/e

Industrialization and the Market Revolution

Antebellum America: North vs. South.

Chapter 10 APUSH Mrs. Price

Immigration, Industry & Innovation

Aim: Did early industrialization have a positive or negative impact on the USA post-War of 1812? Essential Questions: Why were the first factories located.

APUSH Review: Key Concept 4.2 (Revised, 2015 Edition)

The Market Revolution.

Key Concept 4.2 “Innovations in technology, agriculture, and commerce powerfully accelerated the American economy, precipitating profound changes to.

In groups, examine each of 4 placards. For each, look at technology

In the early Antebellum era ( ), the U.S. economy grew rapidly

Economic Revolutions and Nationalism

The industrial revolution

Essential Question: How did the development of antebellum technologies impact regional differences in the United States? Warm-Up Question: Thinking as.

Economic and Social Change Mid-1800s

Key Concept 4.2 “Innovations in technology, agriculture, and commerce powerfully accelerated the American economy, precipitating profound changes to.

Nationalism and Sectionalism in the Economy and Society

Antebellum America: North vs. South

Susan M. Pojer Horace Greeley HS Chappaqua, NY

Industry and transportation

APUSH Review: Key Concept 4.2 (Revised, 2015 Edition)

The American Industrial Revolution

In groups, examine each of 4 placards. For each, look at technology

Presentation transcript:

Market Revolution & the Growing National Economy Mr. Owens Crash Course: Market Revolution

Essential Questions What were the causes and effects of the rise of the Market Revolution including the role of entrepreneurs? What new technological innovations increased both factory and agricultural production and efficiency? How did the growth of manufacturing both foster the growth of wealthy business elites and a middle class, but also lead to a widening maldistribution of wealth and a growing population of laboring poor?

Population Growth 1800-1825 U.S. population doubled, & doubled again by 1850 due to high birth rate & rising immigration (from Great Britain & Germany by 1830) By 1830s 1/3 of population lived west of Appalachians

Transportation Roads – success of Lancaster Turnpike in PA sparked expansion of roads & turnpikes, mostly funded by states except National (Cumberland) Road from Maryland to Illinois 1811-1850s Canals: Erie Canal completed in NY by 1825, Gov. De Witt Clinton, greatest construction project so far Steamboats: Robert Fulton’s Clermont up Hudson River in 1807 Railroads – by 1830s competing with canals led to rise of western cities: Cleveland, Cincinnati, Detroit, & Chicago

Growth of Industry Industry limited by 1800, but manufactures surpass value of agriculture by 1850s Mechanical Inventions: Eli Whitney’s cotton gin, & rifle factory used interchangeable parts to supply War of 1812 Corporations: 1811 NY 1st incorporation law, early NY stock exchange- idea of “limited liability” Factory System: Samuel Slater established first true textile factory in 1791, more expanded due to Embargo esp. in New England such as Lowell, MA Labor: textile mills hired young poor farm women – Lowell System – regimented & lived in dorms, rise of child labor & poor immigrants by 1840s Unions: Trade (craft) unions began in 1790s due to low pay, long hours & unsafe conditions, BUT weak due to Cheap immigrant labor esp. Irish state laws limit unions, depressions caused high unemployment & desperation

Effects of Market Revolution End of individual self-sufficiency – led to specialization Increased standard of living Single women moved to cities to work in factories & as domestic servants More independence, but few legal gains More social mobility, but increased gap between rich & poor Increase in slavery despite ban on international slave trade in 1808, due to demand for cotton from Britain & northern textile industry Slave Population: 893,000 in 1800, 2 million in 1830, to nearly 4 million by 1860

Industrial & Urban Northeast: textiles, & variety of other goods: farm machinery, clocks & shoes etc. Organized labor: Working Man’s Party, MA Commonwealth v. Hunt (1842) unions had right to organize & strike Urban Life: 15% of pop. By 1850, opportunities & problems African Americans: 250,000 by 1860 (50% of free blacks) faced major discrimination, denied from unions, limited jobs (used as scabs) Agricultural Northwest: corn & wheat production Technology: steel plow (John Deere) & mechanical reaper (Cyrus McCormick) more efficient New Cities: Chicago, Cincinnati, St. Louis, Buffalo Immigration: surged primarily in North & Northwest The North

Immigration & Nativism Surge due to transportation, problems in Europe & opportunity in America Racism - new immigrants viewed as inferior Belief that they were socially unfit to live alongside “natives” (slums) Workers: immigrants lowered wages or were stealing jobs Protestants - objected to most immigrants being Irish or German Catholics Whigs - Immigrants supported Democrats Politicians - immigrants corrupted politics by selling their votes (political machines) 1840s in response to surge of Irish & Germans Know-Nothing Party: “The Supreme Order of the Star-Spangled Banner”

The West American Indians: Exodus west by force or choice west of Mississippi & many adapt to the Great Plains -Cheyenne & Sioux (Lakota) nomadic with use of horse The Frontier: lure of freedom “Mountain Men” ventured West after tales of Lewis & Clark Settlers on Western Frontier: difficult life in log cabins & “soddies”, disease & malnutrition, conflict w/Native Americans Women had more responsibilities, difficulties & shorter lifespan Poor farming techniques led to soil exhaustion & over-hunting brought buffalo & beaver to near extinction in certain areas.