The Market Revolution, Slavery and Inequality Station D: The Market Revolution, Slavery and Inequality
In 1800, Thomas Jefferson becomes the 3rd U.S. President. Remember him?
The D of I Wrote Thomas J Goodbye Great Britain Hello U.S.A. Another Greg Original:
This is what the United States looked like when Jefferson became President. Take a look at the land immediately west of the Mississippi River. This large piece of land was owned or controlled by the French (Colony of Louisiana).
Why would the U.S. want to gain control of this land? By 1800, almost 1 million Americans lived close to the Mississippi River. With few roads, farmers relied on the river to ship their wheat and corn. After produce made it to the port of New Orleans, ships carried it across the Atlantic. Port of New Orleans
France in the way! Spain signed a treaty with Napoleon Bonaparte, the ruler of France. The treaty gave Louisiana back to France. (Remember France lost this land after the French and Indian War) Jefferson thought Napoleon might try to build an empire in North America
Then…there was a SLAVE REVOLT in Haiti At this time, Haiti was a French colony. Led by Toussaint L’Ouverture, slaves in Haiti decided to fight for their freedom. Napoleon sent troops to retake Haiti. French captured Toussaint but did not regain control of the island. The Haitians won their independence.
Where is Haiti? Not that far from present-day Florida.
Jefferson decided to try to buy the city of New Orleans from Napoleon Jefferson decided to try to buy the city of New Orleans from Napoleon. Jefferson sent Robert Livingston and James Monroe – they came back not only having purchased New Orleans but the entire Louisiana territory. This becomes known as the Louisiana Purchase.
The Louisiana Purchase’s Effect on Slavery Heated up the debate over slavery in the United States. Prior to the Louisiana Purchase, a geographical and political balance existed between slave and free states.
The Louisiana Purchase’s Effect on Slavery The new land obtained as a result of the Louisiana Purchase would eventually result in the creation of new states. Would these new states be free states or slave states? Thus, the Louisiana Purchase, ultimately, threatened to upset that balance. ? Slavery or no slavery?
LAND MARKET REVOLUTION!! The Louisiana Purchase also led to the Market Revolution! Natural resources More space for growing crops People can live there and in time become a new state. More jobs = more wealth Louisiana Purchase LAND = = MARKET REVOLUTION!! (the First Industrial Revolution)
Why is the First Industrial Revolution also called the Market Revolution
YEAR: 1815 80 miles to next village This is a market = the buying, selling and trading of goods & services between people Clothing Bread 80 miles to next village Milk
YEAR: 1840 By 1840, the size of the market grew from a few households to an entire nation – a market revolution! Revolution = a radical (very big) and pervasive (happening a lot) change.
How did the size of the “market” expand? Improvements in transportation: Steamboat Railroad Canal – artificial waterways (Example – the Erie Canal – farmers ship products from the Great Lakes to New York City). Improvements in communication Telegraph – (Morse code)