Presentation is loading. Please wait.

Presentation is loading. Please wait.

THE MARKET REVOLUTION 1790-1830. THE RISE OF A MARKET ECONOMY DUE TO CHANGES IN TRANSPORTATION A NEW ECONOMIC SYSTEM WILL DEVELOP FARM INCOME INCREASED.

Similar presentations


Presentation on theme: "THE MARKET REVOLUTION 1790-1830. THE RISE OF A MARKET ECONOMY DUE TO CHANGES IN TRANSPORTATION A NEW ECONOMIC SYSTEM WILL DEVELOP FARM INCOME INCREASED."— Presentation transcript:

1 THE MARKET REVOLUTION

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 1820S 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 /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 GOVT, 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 1820S – 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


Download ppt "THE MARKET REVOLUTION 1790-1830. THE RISE OF A MARKET ECONOMY DUE TO CHANGES IN TRANSPORTATION A NEW ECONOMIC SYSTEM WILL DEVELOP FARM INCOME INCREASED."

Similar presentations


Ads by Google