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Journal

Journal. List the pros and cons of living in a large city. What do you think it would be like to live in a large northern industrial city in the 1800’s. Explain. The Market Revolution (1815-1814). Chapter 8. Market Revolution section 1. Country changes early 1800’s Population grows

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Journal

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  1. Journal List the pros and cons of living in a large city. What do you think it would be like to live in a large northern industrial city in the 1800’s. Explain

  2. The Market Revolution (1815-1814) Chapter 8

  3. Market Revolutionsection 1 • Country changes early 1800’s • Population grows • Demand for more as well as diverse goods • Cash and credit!

  4. Samuel Slater • Arrived in disguise in America late 1700’s • Build first textile mill Providence, RI in 1790 • Became wealthy building mills northeast

  5. A New Type of worker • The entrepreneur • Good economy early 1800’s-more business owners • Capitalism • Risk taking and free enterprise encouraged • Capital • Supply of money and goods

  6. Household economy • Households self-sufficient 1600 and 1700’s • Produced all goods needed in house • Sold or traded surplus • Work only for household • Households begin to produce less at home; buy more • Workshops and factories become common

  7. Banks & buying • 1780’s -1790’s growth • Credit and cash for investing • Started by private investors • Help develop American economy • Americans buy more goods • Middle class become more “affluent” • Capitalism not embraced by all

  8. Section 2 The Northern Section

  9. The divided north • Northeast • New England, New York, New Jersey, Pennsylvania • Old Northwest • Ohio, Indiana, Illinois, Michigan, Wisconsin, Minnesota

  10. northwest • Farms • Small towns • Crops • Exported/marketed majority of products for consumption

  11. northeast • Farms • Factories • Textile mills • Waltham and Lowell, MA • Young, unmarried females employed Lowell Textile Mills

  12. Continued……. • Young people move to cities • Populations explode • Men and women work outside of home • Poverty on the rise • Cities unable to support population growth

  13. Owners vs. workers Workers Capitalists • Take risks • Provided factories • Paid workers • Downside-wages low and conditions sometimes bad; employees could be replaced • Not so satisfied outside the home • Looked for solutions to poor working conditions and low wages • Strikes become common

  14. Section 3 The Southern Section

  15. Cotton is king! • Tobacco and cotton major crops in South • Labor intensive • Easier to transport (export) (1860 cotton 2/3rds of the total value of American exports)

  16. Southern Economy • Crops that were transported elsewhere • No major factories or industries • Farms and large plantations where cotton was grown • Large cities, but less than the North • Large population of African Americans

  17. slavery • Cotton, tobacco, sugar labor intensive • Enslaved African Americans provided cheap labor • Very few whites in the south owned slaves Crash Course - Slavery

  18. resistance • Denmark Vesey • Gullah Jack • Gabriel Prosser • Nat Turner

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