1. Crash Course: Market Revolution http://www.youtube.com/watch?v=RNftCCwAol0&noredirect=1

2. Warm Up 1. What is economics? 2. What is capitalism? 3. What is the difference b/w a traditional economy & a free market economy?

3. Before Industrial Revolution  18 th Century –old economy Built around exporting a small number of staple goods ○ Only the wealthy purchased fabric, paint, glass & other manufactures from England Other necessities produced in the home (homespun cloth) or by local artisans ○ Cobblers, blacksmiths, coopers

4. Rise of the Market Economy (1790 – 1840)  Development of the factory system Factories gradually replace home industries  Continental expansion Treaty of Paris, 1783 Louisiana Purchase, 1803 Adams-Onis Treaty, 1819  Expansion of commercial agriculture Crops produced for sale & export –cotton*

5. Attributes of the Market Revolution  Prices set by competition, not the gov’t  New technology in communication & transportation  Organizational innovation Factories (organize the factors of production) Standardization of time

6. Factors that made the 1 st Industrial Revolution possible  Gov’t protection of patent rights  Gov’t support of crucial infrastructure projects  Transportation revolution; steam powered ships, trains  Tariffs  Development of corporations w/limited liability  Improved educational system  Cheap labor -immigrants or people moving from farm to city (young women, esp.)  Embargo of 1807 & War of 1812 stimulated need for domestic manufactures  Eli Whitney’s interchangeable parts (efficiency)  Federal gov’t control of interstate commerce & gov’t protection of contracts  Improved communication –invention of the telegraph

7.  Gov’t support (early on) Infrastructure (canals, roads, railroads) often w/ monopolistic charter Judicial branch protects ○ Competition Charles River Bridge vs. Warren Bridge, 1837 Gibbons v. Ogden, 1824 ○ Limited liability National bank (modern banking system) ○ Stable currency ○ Established credit worthiness with European nations

8.  Effects of the new market economy: Expansion of middle class Higher standard of living Exploitation of women, children & immigrants Greater accumulation of wealth Increasing urbanization

9. Warm Up  How does the diagram reflect the values of the Second Great Awakening?

10. The Second Great Awakening  1790s – 1830s  Protestant revival movement  Increased the number of Baptists & Methodists  Believers thought a new age of humanity was beginning - millennialism

11.  Revivals & camp meetings were popular in the west ‘Burned over’ district of western NY Cane Ridge, KY TN, Southern OH,  Stimulated reform movements The nation must be free from the evils of society before the Second Coming of Jesus Christ

12.  Most reform movements were started by Congregationalists Expressed the values of white, Protestant, middle class, northeast urban culture Benevolent Empire ○ Worked to institutionalize charity & battle social evils in a systematic way  Major Reform Movements Abolition Temperance Women’s Rights* Asylum(Hospital) Prisons Education

14. Cultural Conflicts  Immigration Between 1840 -1860, millions settle permanently; majority are: ○ Irish in the northeast, NY & Boston ○ Germans, Midwest states Most were Catholic ○ Growth of Catholic Churches ○ Acceptance of alcohol ○ Irish were typically illiterate; didn’t want to send children to public schools ○ Church (Pope) was more important than American political leaders Gives rise to Nativism ○ Mob violence of unemployed natives vs. Irish ○ Publication of anti-Catholic stories ○ Anti-immigration laws advocated

15. The Awful Disclosures by Maria Monk: A Narrative of Her Sufferings in the Hotel Dieu Nunnery in Montreal The Superior now informed me that having taken the black veil, it only remained that I should swear the three oaths customary on becoming a nun…I must be informed that one of my great duties was to obey the priests in all things; and this I soon learnt, to my utter astonishment and horror, was to live in the practice of criminal intercourse with them.

16. Complete with your team Description of Document Reform promotes democratic Ideals -Explain how Reform limits participation in society –Explain How A B C D E F G H I