Understanding the Market Revolution Unit 4 Notes (Text Support: Ch9 Sec1 – The Americans)

OBJECTIVE: Create a visual aid for your notes SLIDE 2 Life BEFORE Market Revolution SLIDE 1 Market Revolution Identifying what it is SLIDE 3 Life AFTER Market Revolution SLIDE 4 Long-Term BENEFITS of Market Revolution SLIDE 5 Long-Term NEGATIVES of Market Revolution

Summary of the Market Revolution Late 1700’s-Early 1800’s Revolution is CHANGE! Changes in the marketplace and the way people do business Marks the beginnings of the Industrial Revolution

Life BEFORE the Market Revolution Local resources & raw materials Most products made locally (farms, village craftsmen) Most people lived entire lives on farms/villages

Life AFTER the Market Revolution Trade increases access to resources/raw materials & new ideas Entrepreneurs invent & innovate new technologies Urbanization means people seek jobs in cities

Long-Term Benefits Quality of life improves Cheaper mass-produced goods Consumer-oriented society

Long Term Negative Outcomes Unskilled laborers replace skilled craftsmen Lower wages, poor working conditions, pollution Materialism of culture

Extension Activity Q: Are we living amidst a new revolutionary age? In a chart similar to the one created for the Market Revolution: a. Identify what revolution we are experiencing, what it is that is changing, and what it means for the world at large b. Explain what life was like BEFORE these changes c. Explain the impact of these changes and how life is now different d. Examine the long-term benefits of these changes e. Examine the long-terms negative outcomes of these changes