Ch. 9 Expanding Markets and Moving West
Ch. 9.1 The Market Revolution
Essential Question
How did the Market Revolution change the United States?
• Samuel F.B. Morse- Helped invent telegraphic communication
(Morse Code).
1. U.S. Markets Expand
• specialization- The raising of one or
two cash crops that could be sold.
• Market Revolution- When people began
to buy and sell goods rather than make
them for their own use.
A. The Entrepreneurial Spirit
• capitalism- Economic system in which
private businesses and individuals
control the means of production (factories,
machines, and land) and use them to
make money.
• entrepreneurs- A person who organizes,
operates, and assumes the risk for a
business venture.
• Entrepreneurs provided the
money, property, machines,
and factories that
fueled the expanding
economy.
B. New Inventions
• Charles Goodyear created
vulcanized rubber in 1839.
• The rubber didn’t freeze in the cold
or melt in the heat (tires)
• Elias Howe created the sewing
machine in 1846.
• I.M. Singer invented a foot treadle
that allowed for clothing to be mass
produced in factories. C. Impact on Household Economy
• Technology made items less
expensive allowing more people
to purchase goods.
2. The Economic Revolution
• New inventions made life more enjoyable
or fueled the economy.
A. Impact on Communication
• telegraph- Carried messages, tapped
in code, across copper wire.
• Businesses could communicate prices
and railroads used it to keep trains moving
regularly.
B. Impact on Transportation
• The inventions of the Steamboat
and canals linked the regions of
the U.S.
• This expanded the markets for
farmers and industry.
Telegraph
http://www.youtube.com/watch?v=DmolT6pI8eI
C. Emergence of Railroads
• Trains were faster than steamboats,
ran in the winter, and could ship
goods inland.
3. New Markets Link Regions
• Growing links to each region led the different regions to
specialize in certain products.
A. Southern Agriculture
• The South thought factories led
to overcrowding
• Wealthy Southerners had their
money tied up in the land.
B. Northeast Shipping and Manufacturing
• Investments in canals and railroads
helped the Northeast become a
center of trade.
• The rise in manufacturing also
contributed to the Northeast
becoming a center of trade.
C. Midwest Farming
• John Deere- A blacksmith that
invented the first steel plow.
• The steel plow cut through heavy
soil faster than existing plows.
• Cyrus McCormick- He invented
the mechanical reaper.
• One farmer could do the work of
five hired hands.
John Deere
http://www.youtube.com/watch?v=Gfhrnx6FYv8