9.1 The Market Revolution Paola, Anbella, Shannon U.S Markets Expand American workers had depended on trading with their neighbors and producing their own goods as a way to live. Then came a market revolution, where people bought and sold goods instead of having to be self-sufficient. - The Entrepreneurial - New Inventions - Impact on Household Economy The Economic Revolution New inventions mostly developed in the United States, made mostly to change American life. Most inventions transformed manufacturing, transportation and communication. - Impact on Transportation 1807 1. Pennsylvanian Robert Fulton ushered in the steamboat era. a. The Clermont, made the 150-mile trip up the Hudson river from New York City to Albany, NY in 32 hours. 2. By 1830, 200 steamboats traced the nations western rivers. 3. Water transportation was more important in moving heavy machinery. a. America had a mere 100 miles of canals. 25 years later – over 25,000 miles of canals. 4. Erle Canal's success led to dozens of other canal projects. Robert Fulton 17651815 - Impact on Communication Telegraph-1837 1. Originally developed by Joseph Henry 2. Samuel F. B. Morse, a New England artist, improved on the telegraph to carry messages, tapped in code across a copper wire. 3. Railroads employed the telegraph to keep trains moving regularly and to warn engineers of safety hazards 4. By 1854, 23,000 miles of telegraph wire crossed the country - Emergence of Railroads 1. Heyday of the canals lasted only until the 1860's, due to the rapid emergence of railroads 2. 1840's – steam engines pulled freight at ten miles an hour 3. Railroads grew to be both safe and reliable, and the cost of rail freight came down 4. 1850 – almost 10,000 miles of track had been laid. 1859 – railroads carried 2 billion tons of freight a year New Markets Link Regions 1811 - National roads opened up western travel. 1818 - 1838 The road extended from Cumberland, Maryland, west to Wheeling, Virginia; It eventually reached as far west as Springfield, Illinois. a. By 1840 improved transportation and communication made America's regions interdependent. The South exported cotton to England, & New England. The West grain & livestock fed workers in eastern cities and Europe. The East manufactured textiles and machinery. - Southern Agriculture The South relied on crops such as cotton, tobacco, and rice. They had difficulties trying to build factories, do to the capitals doing a. money was tied up in land and the slaves required to plant and harvest the crops. Transportation and communication lines were less advanced a. helped keep Americans from every region in touch with one another. new markets and interdependencies created due to the economic relationships between the regions. - Northeast Shipping & Manufacturing Heavy investment in canals and railroads transformed the Northeast into the center of American commerce. 1825 – Erie Canal a. New York City became the central link between American agriculture and European markets. b. more cotton was exported through New York City than through any other American city. The rise of manufacturing was the most striking development in the era. - Midwest Farming Cyrus McCormick 1809 - 1884 John Deere 1804 - 1886 • In 1837, blacksmith John Deere invented the first steel plow. a. Deere’s steel plow enabled farmers to replace their oxen with horses. • In 1831, the mechanical reaper, invented by Cyrus McCormick, permitted one farmer to do the work of five hired hands. • Then two ingenious inventions allowed farmers to develop the farmland more efficiently and cheaply, and made farming more prof-table.
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