The Impact Of The Market Revolution On The Northeast And South

The Antebellum period or pre-war period of America was the beginnings of American advancement. During the Antebellum period, many changes occurred throughout the United States of America. One such change was the advent of slaves for plantation work, along with other forms of domestic forms of labor. Slavery as a form of labor was what caused south to become the world's main producer of cotton, and as a primary source of cotton, the south would also have a monopoly on cotton. This monopoly on cotton is what allowed the development of the southern economy to continue, making the southern economy so strong, and large. The southern economy, however, was not the only economy affected by labor. The wage workers of the north greatly assisted in the betterment of the north in general but assisted more so in the economical sense. This boost in the economy was greatly caused by the utilization of machines in factories, along with the ability for the north to accept immigrants to do more trivial and labor-intensive tasks. The ability for the north to efficiently process raw materials and ship out, as well as sell that refined good is precisely what strengthened and improved their economy. American improvement took many forms in during the Antebellum period, and many of these views of improvement opposed each other, such as the improvement of the north due to wage workers as well as the improvement of the southern economy due to slavery.

Cotton which was grown by slaves contributed to more than half of the export earnings of the United States before the abolition of slave trade. Slaves were the best and cheap forms of labor in most of the plantations as it allowed the plantation owners to increase production at lower costs. Slave trade had been an integral part of southern America and the abolition of slave trade through the thirteenth amendment destroyed the foundations of the southern economy because most of the slaves worked in agricultural fields in the south. Following the ratification of the 13th amendment, agricultural output declined which was followed by the subsequent reduction in income. Slave trade was important in agricultural, mining and construction industries as well as factories which were of significant impact to the southern economy (Engerman 192).

Would the United States have insinuated its Market Revolution to have happened as quickly as it did if it weren't for certain major factors which formed during 1790-1860? These major determining factors consisted of rapid population growth, urbanization, transportation and commerce along with growth in the industry and economy. The Industrial Revolution took off with great speed as a result of Westward expansion, and rapid large scale development. The American economy grew during this first part of the Industrial revolution, but it did not affect all parts of America in the same way. As more people began to move West for better prospects, New York City's population was still booming which caused the quality of life in places like these to vary upon circumstance.

Due to the huge boom in factories and workers the North experienced an great increase of economical power. Additionally, runaway and freed slaves typically migrated to the North for work which cause upset within the South. Furthermore, new ways of trading led to the increased demand of cotton which required more slaves. When the cotton gin was introduced this meant that more slaves could produce more cotton than before growing the slave population in the South. Finally, after previous wars such as the Mexican-American war was fought large amount of land was gained. Unfortunately, this brought up the concern whether or not slavery would be legal or abolished in those states which caused unrest because they many didn’t want to compete with

This development of cotton creation influenced the world. The Northern part of the United States purchased more cotton and constructed more material plants. Britain fabricated more material factories and requested a great deal more cotton. These were two major markets to which the South sold their cotton. The South was not ready to manufacture material factories in light of the fact that their capital was tied up in their slaves with the goal that they could deliver more cotton. The South likewise did not have the need or the money to develop a decent transportation framework, for example, trenches and railways.

The Southern railroad development became the biggest magnet to for Northern and Foreign capital. There was a huge increase in railroad construction between 1865 and 1890.Northern capitalists invested in Southern textile mills in North Carolina and Georgia in the 1880’s. These mills paid low wages and attracted people from rural developments around the South. The low pay made it difficult for the textile industry to compete with the Norther textiles. The textile mills did not give the Southern economy much of a boost

There were so many being brought over here to work on the sugar plantations that they ended up increasing the economy. Also things like the cotton gin being invented affected how the economy went. “By 1865 cotton plantations dominated the landscape both geographically and socially from the lowlands east of the Appalachians, south of the Ohio River, and all the way west to Texas.” (Dator) because of this the southern states started making a lot of money. This picture represents was it was like to be a slave starting at Colonial times and onwards. The slave is bound to the wealthy man against his will to make him rich just so he can hopefully live because resistance meant

Pages 428-430 also explain how the South prospered. “The main economic goal for large plantation owners was to earn profits. Such plantations had fixed costs-regular expenses such as housing and feeding workers and maintaining cotton gins and other equipment. The cotton exchanges, or trade centers, in Southern cities were of vital importance to those involved in the cotton economy. Large plantations needed many different kinds of workers. Most of the enslaved African Americans, however, were field hands.” Because of the Southerners’ reliance of enslaved workers and agriculture, a gap began to grow between the Northern and Southern economy. On the other hand, the North greatly depended industrial growth for their economy. Chapter 8 pages 383-385 explain how the economy worked and what it was. “In the mid-1700s, however, the way goods were made began to change. These changes appeared first in Great Britain. The machines ran on waterpower, so British cloth makers built mills along rivers and installed the machines in these mills. The changes this system brought about were so great that this historic development is known as the Industrial Revolution. The economic

During the early-mid 19th century, the United States’ economy underwent a major transformation. Characterized by a progression away from regional markets and on to larger national markets, the US economy grew exponentially. Technological advancements in agriculture and transportation allowed different areas of the country to work together. These areas became interdependent on each other’s production. Cotton was the main catalyst in the rise of this ‘Market Revolution’, it was the critical factor in the new trade system amongst the Eastern, Western, and Southern regions of the U.S. To keep up with the production demand of the Cotton Kingdom, a large workforce was required. Captured and brought to America, slaves became the cheap labor that propelled

The North and the South had diverse economies. The South’s economy was farming, or work mostly based on agriculture. Some southerners operated or owned large cotton plantations. Countless more had small farms and produced food products such as corn, or raised cattle and pigs. These few planters ordinarily had merely a few enslaved people or none at all. While on the other hand the Northern states had a lot of farmers as well, but then again the economy of the North was shifting. Cities in the North were developing rapidly and industrial units were being erected throughout the region. In these industrial units individuals made textiles, shoes, tools, and other goods. By 1860 less than half of the individuals in the North were farmers.

Most of the work was for the textile business using the raw materials given to the North from the South (“Compare Two Worlds: North vs South”). These materials allowed for industrialization in the North which also resulted in the creation of more jobs in the Northern states. The South had free labor which allowed a lot of the profit to be put toward other projects, while the North had to pay for wages. The increase in employment affected industrialization in the South also resulting in an increase in export and

In the time of the midcentury South three-fifths of America's exports were completely comprised of cotton and due of growth of the cotton industry there were large plantations that grew into the Southwest, inhibiting the growth of up in coming cities and other industries (National Archives, 2018-a). The mass output of cotton literally crippled the rest of American growth, preventing technological advancements and focusing on cotton production. Much of Americas growth and the expansion of slavery came from Eli Whitney’s cotton gin. However, with a wide spread increase of slave labor the treatment and life of slaves worsened.

The North and South had almost opposite economic systems. The North was industrialized, with factories and sweatshops, whereas the South had an agricultural society, with farming and plantations, with cotton as their main crop. To further exacerbate this divide, in the 1830’s and 40’s, the North experienced the Industrial Revolution, a breakthrough of power-driven machinery. The Industrial Revolution quickened the pace of manufacturing and transportation. Faster production led to an increase in capital. As Document 1a proves, by 1860, most Northern states had a much higher value of manufacturing than the South.

The most important crop was cotton, which was needed in the textile mills in the north. Slavery was tied into the southern economy because the crops that the southern economy was based on required a lot of manpower to cultivate. As time passed, banks in the north came to dominate the United States economy. The south soon found itself cash poor. Northern industries and banks became the economic center of the United States. The south was forced to rely on the north economically. Northern banks issued loans to southern planters, and northern industry supplied household goods to the south, which the south was obligated to buy from northern merchants, as tariffs – taxes on imported goods – made it less economically practical for the south to import such goods from any other source. The passage of these tariffs had been a contentious issue several times in the United States ' Congress. A high tariff, the north argued, would be good for the country, as it made American goods cheaper than those imported from Europe. These price controls encouraged consumers to buy American goods and therefore would help the American economy grow. The south argued that such tariffs made it difficult for the south to buy goods from any other, cheaper, source. By the mid 1800 's, planters in the southern part of the United States found themselves indebted to northern banks and forced to buy consumer goods from northern suppliers. The south soon saw its limited liquid capital traveling

Market revolution is the period in the American history when the market expanded significantly which prompted the construction of railroads, and canals to enable communities from different parts of the countries (Sellers, 1994). This period occurred in the early ninetieth century in the US, where the market suddenly expanded due to the increased production and the opening of new marketplaces. It is of the essence to note that the market revolution was the period when the market became available for the first time and the traders had their first encountered with one another. Also, the market revolution was characterized by drastic changes in the manual labor system from the south and then later moved to the north. The improvement of the transport