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JOURNAL List the pros and cons of living in a large city. What do you think it would be like to live in a large northern industrial city in the 1800’s. Explain
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THE MARKET REVOLUTION (1815-1814) Chapter 8
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Country changes early 1800’s Population grows Demand for more as well as diverse goods Cash and credit! MARKET REVOLUTION SECTION 1
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SAMUEL SLATER Arrived in disguise in America late 1700’s Build first textile mill Providence, RI in 1790 Became wealthy building mills northeast
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A NEW TYPE OF WORKER The entrepreneur Good economy early 1800’s-more business owners Capitalism Risk taking and free enterprise encouraged Capital Supply of money and goods
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HOUSEHOLD ECONOMY Households self-sufficient 1600 and 1700’s Produced all goods needed in house Sold or traded surplus Work only for household Households begin to produce less at home; buy more Workshops and factories become common
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1780’s -1790’s growth Credit and cash for investing Started by private investors Help develop American economy BANKS & BUYING Americans buy more goods Middle class become more “affluent” Capitalism not embraced by all
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THE NORTHERN SECTION Section 2
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Northeast New England, New York, New Jersey, Pennsylvania Old Northwest Ohio, Indiana, Illinois, Michigan, Wisconsin, Minnesota THE DIVIDED NORTH
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NORTHWEST Farms Small towns Crops Exported/marketed majority of products for consumption
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NORTHEAST Farms Factories Textile mills Waltham and Lowell, MA Young, unmarried females employed Lowell Textile Mills
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CONTINUED……. Young people move to cities Populations explode Men and women work outside of home Poverty on the rise Cities unable to support population growth
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Take risks Provided factories Paid workers Downside-wages low and conditions sometimes bad; employees could be replaced Not so satisfied outside the home Looked for solutions to poor working conditions and low wages Strikes become common OWNERS VS. WORKERS Capitalists Workers
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THE SOUTHERN SECTION Section 3
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COTTON IS KING! Tobacco and cotton major crops in South Labor intensive Easier to transport (export) (1860 cotton 2/3rds of the total value of American exports)
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SOUTHERN ECONOMY Crops that were transported elsewhere No major factories or industries Farms and large plantations where cotton was grown Large cities, but less than the North Large population of African Americans
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Cotton, tobacco, sugar labor intensive Enslaved African Americans provided cheap labor Very few whites in the south owned slaves Crash Course - Slavery SLAVERY
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RESISTANCE Denmark Vesey Gullah Jack Gabriel Prosser Nat Turner
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