What were the effects of the market revolution?
The market revolution sparked explosive economic growth and new personal wealth, but it also created a growing lower class of property-less workers and a series of devastating depressions, called “panics.” Many Americans labored for low wages and became trapped in endless cycles of poverty.
How did the market revolution transform American society?
In the 1820s and 1830s, a market revolution was transforming American business and global trade. Factories and mass production increasingly displaced independent artisans. Farms grew and produced goods for distant, not local, markets, shipping them via inexpensive transportation like the Erie Canal.
What were the negative effects of the market revolution?
The market revolution sparked not only explosive economic growth and new personal wealth but also devastating depressions—“panics”—and a growing lower class of property-less workers. Many Americans labored for low wages and became trapped in endless cycles of poverty.
How did the market revolution impact the Midwest?
The Market Revolution of the Midwest region was largely made possible by new mass transportation systems. Perhaps the most important of these was the Erie Canal. Agriculture was the major moneymaker for the Midwestern region. Several key inventions helped make farming more convenient and profitable.
How did the market revolution change womens work and family roles?
Domestic expectations constantly changed and the market revolution transformed many women’s traditional domestic tasks. Cloth production, for instance, advanced throughout the market revolution as new mechanized production increased the volume and variety of fabrics available to ordinary people.
Who were the leaders of the Second Great Awakening?
(important) The Second Great Awakening, which spread religion through revival meetings and emotional preaching, sparked a number of reform movements. It was led by people such as Charles Grandison Finney, Henry Ward Beecher, Lyman Beecher, Edward Everett and Joseph Smith.
How does Transcendentalism contribute to the spirit of reform?
In New England, Ralph Waldo Emerson, a former minister, was the central figure in a movement called transcendentalism. Emerson believed that every human being had unlimited potential. Transcendentalists added to the spirit of reform by urging people to question society’s rules and institutions.