1. THE MARKET REVOLUTION 1790-1830

2. THE RISE OF A MARKET ECONOMY
DUE TO CHANGES IN TRANSPORTATION A NEW ECONOMIC SYSTEM WILL DEVELOP
FARM INCOME INCREASED BECAUSE TRANSPORTATION COSTS DECLINED
HOMES CONSUMED MOST OF WHAT THEY GREW
1820’S BEGIN TO SEE FARM FAMILIES PRODUCE SOME GOODS FOR MARKET
MORE SETTLEMENT OUT WEST AS A RESULT OF TRANSPORTATION
AGRICULTURAL OUTPUT INCREASED ANNUALLY ABOUT 3%
BETTER TECHNOLOGY, IRON TOOLS, LED TO IMPROVED YIELDS
IMPROVED VARIETIES OF CROPS & LIVESTOCK
AVAILABILITY OF GOOD LAND

3. WESTWARD EXPANSION – GO WEST YOUNG MAN
1790 WEST WAS EAST OF APPALACHIANS
1840 1/3 US POPULATION LIVED BETWEEN APPALACHIANS & MISS- ISSIPPI RIVER
MOVE AS FAMILIES, CREATE OWN CULTURE, LIFE HARD INITIALLY
SEE EAST AS CORRUPT & WEST AS HONEST & DEMOCRATIC
VERMONTVILLE, MI- INCREASED POWER OF FED GOV’T, RUTHLESS INDIAN REMOVAL, INCREASE IN AG PRICES POST 1812
NEW STATES OUT OF LA PURCHASE

4. THE DOMESTIC SYSTEM TO TRACE THE CHANGES FROM HOUSEHOLD MANUFACTURING TO FACTORIES BY LOOKING AT CIRCUMSTANCES THAT FORCED TECHNOLOGICAL CHANGE
MANUFACTURING AT HOME FOR PERSONAL CONSUMPTION
IMPROVED TRANSPORT INCREASED FARM INCOME & STIMULATED COMMERCIAL AGRICULTURE
DOMESTIC SYSTEM CREATED CHANGE IN DISTRIBUTION
WORK DURING OFF SEASON
AG OUTPUT INCREASED ANNUALLY ABOUT 3%

5. TEXTILES AND THE FIRST FACTORIES
GREAT BRITAIN “WORKSHOP OF THE WORLD”
SIMPLE FACTORIES: PAWTUCKET, RI 1790, SAMUEL SLATER, SPUN COTTON INTO THREAD
F.C. LOWELL & BOSTON ASSOCIATES CREATE WALTHAM SYSTEM
COMBINE OPERATION, PRODUCTION & MANAGEMENT IN CENTRAL LOCATION
THREAD INTO COTTON CLOTH

6. THE WALTHAM SYSTEM & LOWELL MILL GIRLS
SOUTHERN NEW ENGLAND FIRST U.S. MAJOR MANUFACTURING CENTER
FACTORIES RUN ON WATER POWER
MID 1820’S – LOWELL GIRLS WORK IN FACTORIES
COMPARED TO EUROPE CONDITIONS RELATIVELY GOOD INITIALLY
AS VORACIOUS APPETITE FOR COTTON CLOTHING SKYROCKETS DEMANDS FOR PRODUCTION INCREASE, SO DOES PRESSURE TO PERFORM & CONDITIONS DETERIORATE
STRIKES 1834 & 1836

7. KING COTTON
MOST IMPORTANT INDIRECT EFFECT OF INDUSTRIALIZATION OCCURRED IN THE SOUTH
INDUSTRY, TRANSPORTATION & IMPROVED AGRICULTURAL YIELDS LED TO SPECIALIZATION OF CROPS – COTTON
EXCHANGE NETWORK ENCOURAGED REGIONAL CONCENTRATION & DEVELOPMENT OF CREDIT & GROWTH OF BANKS (MORE LATER)
DEMAND FOR COTTON ASTRONOMICAL
COTTON GIN 1793 SOLIDIFIES SLAVERY IN THE SOUTH
1820 ½ COTTON FROM ALA & MISS

8. BLACK BELTS – SLAVERY MOVES WEST
ALABAMA FEVER
1830 $50/ACRE; 2/3 AMERICAN EXPORTS – COTTON
COTTON STIMULATES REST OF ECONOMY
NORTH CONTROLS COTTON ONCE IT LEAVES PLANTATION & SOUTH RESENTS THENORTH – TENSION
MISSOURI COMPROMISE, PROPERTY RIGHTS, VIRGINIA SELLS 6K 1832
SLAVE PRICES DOUBLE, INTERSTATE SLAVE TRADE FLOURISHES