The Market Revolution Chapter 9 Section 1

US Markets Expand In the early 19th century, rural American workers produced their own goods or traded with neighbors to meet almost all of their needs. Farm families were self sufficient! At local markets, farmers sold wood, eggs or butter for cash to purchase coffee, tea, sugar, or horseshoes which they couldn’t produce themselves.

US Markets Expand By the mid 19th century, the US had become more Industrialized. Workers spent their earnings on goods produced by other workers. Farmers began to shift from self-sufficiency to specialization – raising of 1 or 2 cash crops that they could sell at home or abroad.

US Markets Expand THE MARKET REVOLUTION These developments lead to It created a striking change in the US economy and in the daily lives of Americans. Goods & Services multiplied, while incomes rose. In the 1840s the US economy grew more than it had in the previous 40 years!

The Entrepreneurial Spirit The quickening pace of US economic growth depended on capitalism – the economic system in which private business and individuals control the means of production, {factories, machines and land} and use them to earn profits.

Entrepreneurs Business people supplied their own funds to create capital – the money, property, machines, and factories that fueled America’s expanding economy. Francis Cabot Lowell

The Market Revolution Today, you will travel to the 6 stations around the room to learn about the formation of the national market economy. Using your textbook pages 274 – 279 and the documents or websites given at each station answer the following questions: WHO is the inventor? WHAT does the invention do? WHERE was the invention founded? WHEN was the invention founded? HOW did the invention help expand the national market economy?

Groups: Christian Sydney Brittany Spencer Justin Nicole R Brianna Joey Kira Anthony Amani Nicole V Logan Ariana Andrew Kayla Melanie Tommy Mike Brielle Lauren Julia Matt Sam M Kaitlin Maria

Groups: Nick Sami Skyler Jessica Matt A Olivia Rebeccah Ariana Matt R Amber Emily Brittany Andrew Alli Alexa Tori Austin Alyssa Lia Amanda Craig Brianna Elizabeth Sarah A