Presentation on theme: "9.1: The Market Revolution"— Presentation transcript:
1 9.1: The Market Revolution Objectives:To describe how industrialization and capitalization shaped the U.S. economyTo identify the inventions that enhanced people’s lives and helped fuel the economy’s growthTo explain how improved transportation and communication helped link America’s regions and made them interdependent
2 U. S. Markets Expand People begin to buy and sell at markets People began to shift towards specializationThis led to the Market RevolutionAmerica grew more from than it did from !!This quickening pace depended on capitalismMany entrepreneurs began businesses and invest in industriesU. S. Markets Expand
3 **During this growth of industry in markets and cities, what was happening to farms?
4 Inventors and Improvements –Charles Goodyear invents vulcanized rubber – Elias Howe invents the sewing machineWhy were these inventions important?What impact did they have?
5 Instant Communication – Samuel Morse invents the telegraph.Messages can be sent in secondsHow are they sent?Why was this important?
6 Transportation Revolution – Robert Fulton invents the Steamboat Could travel up to 5 MPH– Erie CanalCosts dropped sharplyConnected the East and WestMade NYC a major port
7 Emergence of Railroads 6. Railroads became increasingly popular in the 1840s-1860sWere expensive, but FASTCould travel up to 10mph!Deliver goods to people not near waterwaysBy 1850,over 10,000 miles of track had been laid
9 New Markets Link Regions Canals, road, RRs, and the telegraph have linked all the regions of the U.S.!East – textiles and machineryWest – grain and livestockSouth – cottonNORTHEASTNYC is the central link to EuropeOnly 14% of workers had manufacturing jobsProducts were available all over and continued to get cheaper
10 MIDWEST SOUTH 7. 1837 – John Deere invented the steel plow By 1850, he was selling 13,000 a year!– Cyrus McCormick invents the mechanical reapersStill relied on cropsDidn’t like industrializationHow is America changing through this “revolution”?
11 1837: John Deere invents the steel plow. 1837: John Deere invents the steel plow.What was the impact of this device?
12 What is the long-term impact of the mechanical reaper? Model of McCormick reaper, 1850s(Smithsonian Institution, Washington, D.C.)What is the long-term impact of themechanical reaper?
13 How is America changing through this “revolution”? Improvements helped people keep in touch with one anotherChanged economic relationships between the groups, creating new markets where they had noneEncouraged Southerners and Northerners to expand west
14 To describe how industrialization and capitalization shaped the U. S To describe how industrialization and capitalization shaped the U.S. economyTo identify the inventions that enhanced people’s lives and helped fuel the economy’s growthTo explain how improved transportation and communication helped link America’s regions and made them interdependentObjectives
15 How did Specialization, Market Revolution, and Capitalism work together to spur industrialization?