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The Market Revolution

Focusing Points… How has innovation impacted the United States and the Market Revolution? What was Henry Clay’s American System? How did the Market Revolution impact the North and the South?

What is Industrialization? Industrialization- Process of developing machine production of goods

The Industrial Revolution Period of greatly increased output of machine-made goods that began in England in the middle 1700’s

How has innovation impacted your life? Innovation leads to change…

Knights Charge 11/6 How did Industrialization impact the United States? How did the North change? How did the south? What does it mean for a society to become “industrialized”?

Market Revolution The Market Revolution occurred due to industrialization. North: Industrial, Factories, Wealthy Economies South: Remained Agricultural People began to move to cities in search of jobs Men, women, and children all began working in the factories

Technological Changes Technology led to the advancement of transportation and communication Transportation: Railroads, Canals, and Steamboats Communication: Telegraph

Technological Changes Increased economic development as people could trade, travel and communicate easier

The Erie Canal Water route connecting Atlantic Ocean and Great Lakes

The Telegraph

Samuel Morse

Morse Code

The American System build more roads and canals Henry Clay’s plan to: build more roads and canals establish a protective tariff reestablishing a national bank Goal was to unite the North and South and make the economy stronger.

Henry Clay

The South Eli Whitney’s Cotton Gin increased the amount of cotton that could e produced in the south. It caused an increase in the production of cotton and an increased need for slaves

Overall Effects of Market Revolution The rich become richer while the poor become poorer.

The Market Revolution Rich got richer, poor got poorer Pros Cons Rich got richer, poor got poorer Overcrowding led to the spread of disease Workers were underpaid and overworked Factories were very dangerous to work Improved the American economy More Americans had jobs More Americans had money Creation of labor unions

Take out a sheet of paper and put away your notes… Answer the following questions in complete sentences… 1. How has innovation impacted the United States and the Market Revolution? 2. What was Henry Clay’s American System? 3. How did the Market Revolution impact the North and the South?