Market Revolution Essay 2022

Running head: MARKET REVOLUTION
MARKET REVOLUTION
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MARKET REVOLUTION
Introduction
The market revolution in 1800 and in the 1840s, in the United States saw a drastic change
in the market, there has been a series of gradual transformation where the American citizens no
longer lived in village or rural areas as artisan workers or small yeoman farmers but instead they
started to work in the factories and the industries (Foner, Eric, 2011) The revolution in the
market took place between the American revolution and the Civil war, it occurred as a result of
sweeping economic, political as well as cultural changes. It affects the ways in which the people
live today. The purpose of this essay to explore the market revolution that took place in 1800 and
1840s and the ways in which the market revolution changes the ways in which people live today.
Background
During the 18th century, there has a dramatic increase in the population along with the
expansion of territory in the American economy. The economy was led by the Republican Party
and it was believed that the federal government of the country had to play a huge role in
regulating the expansion of the country’s infrastructure, trade and money(Foner, Eric, 2011). The
focuses of the government on infrastructure brought in two major revolutions and lead to market
revolution; it includes transportation and technological revolutions. These are the two main
revolutions that took place in the 18th century(Larson, John Lauritz. 2015, pp- 4-7). There have
been advancements in the transportation systems, increase in the roads, railways, canals which
enabled the marketers and the country’s citizens to move the goods and services at a faster rate.
The revolution enabled the marketers to sell and buy goods and services in the eastern cities.
Further, due to the advancement of technology, the farmers and the workers of the industries has
been able to increase their productivity and enhance their performance in the industries and their

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MARKET REVOLUTION
workplace (Larson, John. 2015 pp- 41-59). These are few of the changes which revolutionized
the market scenario and brought significant transformation in the American economy.
The market revolution
The commercial agriculture and domestic manufacturing were two of the most crucial
sectors of the American economy(Martin, Scott 2015). The cotton gin had revolutionized the
cotton industry in the South. The cotton gin, a machine to separate the cotton fibers from their
seeds revolutionized the cotton industry. The job was performed by the slaves painstakingly by
hand(Foner, Eric, 2008 p-330). This helped the farmers to gain huge profits from the invention
of cotton gin. It freed the slaves and the workers from manual and tiring work with low pay.
Along with the new generation of leaders, the principles of government activism were embraced
by the Republican Party.
The industrialization and the revolution led to radical changes in the life of the American
citizens. Previously, the industrial workers especially the women and large class of the females
were destined to the state of servitude. They had turned into ‘slaves to ignorance’ (Foner, Eric,
2011 p-166). The industrial revolutions and the towns including Waltham and Lowell provided
opportunities for the women to experience a new form of life. The industrial workers and the
women workers in the industries were relished into their new freedom. Before the industrial
revolutions had taken place, the workers were exposed to dangerous working situations and poor
working conditions with very little wages and lack of job security(Foner, Eric, 2011).The
industrial workers had started questioning the basic fairness in the industries, which in turn led to
organized protests, worker strikes of this era. After the market revolution, the world of the work
had been reorganized fundamentally.