preview

What Was The Positive And Negative Effects Of The Market Revolution In The 1800s

Decent Essays

In the early nineteenth century, the market revolution helped the growth of the United States’ economy and become the nation that exists in present day. This was one of the biggest change that helped the United States to take its first step in creating the strongest economy and maintaining it stable for decades. This change did not happen in a short time, but it took several years to build it up and with that came along some positive and negative effects. The market revolution acknowledges the radical changes that took place in the early 1800s, it helped link the country together through an impact of society, religion and majorly through the growth of economy, meanwhile at the same time increasing the nation’s sectional differences The market revolution changed the economic life for all Americans. It took place in the early decade of the 19th century. Historians and writers as Eric Foner writes in his book Give Me Liberty!, one example is when he talks about the market revolution he refers to serious economic changes that took place between 1800s and around 1840s which included many things such as great improvement in transportation, building steamboats, the telegraph and the Erie Canal, which was about 36o miles long canal from the Great Lake to the Hudson River. This upgrade made it a cheaper, easier and faster transportation. By making these great improvements, products were able to be sent to other places to make more profit. Not only profit came out of it, but this gave

Get Access