Kevin Lin 11/11/11 Period 1 Marker Revolution FRQ Outline Analyze the Impact of the Market Revolution (1815-1860

) on the economies of TWO of the following regions: o The Northeast o The Midwest o The South 1) Introduction pg 252 a) Setting the scene i) 1815-1860 in Northeast and Midwest America b) Background information on the Market Revolution i) Revolution brought about changes in… (1) transportation (a) facilitated movement of commodities, information and people (2) textile mills and factories (a) created many jobs, especially young women (3) Innovations in banking, legal practices, and tariff policies (a) Promoted swift economic growth ii) Accelerated pace of economic activity and scale of distribution of goods iii) Nation’s money supply increased (1) Investments in commerce, manufacturing, transportation, and land c) Thesis i) The Market revolution promoted widespread economic growth in America but affected regions differently; The Northeast focused on growing capitalism and factories while the Midwest centered on migration and agriculture. 2) Northeast a) Topic Sentence i) In the Northeast, the market revolution impacted mechanization, factories, and the banking system in an advantageous way which resulted in economic growth. b) Mechanization/manufacturing (pg 282) i) Mechanization allowed manufacturers to produce more with less labor (1) Interchangeable parts known as the American system (a) Standardized parts ii) New England led the nation in manufacturing (1) Shipped goods such as guns, clocks, plows, and axes (2) Manufacturers specialized in producing for the gigantic domestic market rather than for export  helped the national economy c) Factory work (page 255) i) In 1821, group of Boston Entrepreneurs founded town of Lowell on the Merrimack river in Massachusetts

etc. and migration in an advantageous way. the market revolution impacted agriculture. ii) Government made land available for purchase to attract settlers and generate revenue (1) Achieved goal of attracting settlers to West – new states iii) Increased agricultural productivity = underlay the nation’s impressive economic growth d) Transportation (page 254) i) Erie Canal (1) Finished in 1825 . b) Agriculture (page 281) i) Cheap land ii) Treeless prairies (1) Less time with axe.(1) Centralized all cloth production. 5000 young women (3) called Lowell Mills (a) Earned less than male workers (b) Boarding at factories (c) Church (d) Social events ii) This group protested high wages in 1834 and 1836 and formed unions (1) But realized that they could be easily replaced by immigrant families d) Banking system (page 256) i) Number of banks doubled ii) By 1830. increases productivity and therefore. iii) Stimulated the economy by making loans to merchants and by enlarging the money supply iv) Borrowers had banknotes that were used as money v) Bankers had great power over economy (1) Board of directors of second bank of United States 3) Midwest a) Topic Sentence i) In the Midwest. more time with hoe iii) Rich soil = incentive for people to come (1) Population increased by 10fold in the west. economic growth v) Wheat harvesting improvement also increases farmer productivity (1) Cyrus McCormick had designs for the mechanical reaper (a) Cultivate more land  harvests doubled c) Migration (page 281) i) Federal land policy made possible the agricultural productivity by allowing migration and providing an incentive for people to move westward. transportation. hundreds more. 4times faster than growth of nation as a whole iv) John Deere patents steel plow. thus generating economic growth. (2) 8 mills. there were 330 and by 1840.

transportation. and the banking system in an advantageous way by generating economic growth. . The Northeast focused on growing capitalism and factories while the Midwest centered on migration and agriculture. c) Restate thesis i) REWORD: The Market revolution promoted widespread economic growth in America but affected regions differently. household tools. b) Point summarization of Midwest i) In the Midwest. thus generating economic growth. the market revolution impacted mechanization. factories.(2) Covered 350 miles between Albany and Buffalo (a) Linked NYC with entire Great Lakes region (3) Goods such as wheat. the market revolution impacted agriculture. and passengers moved west and in both directions ii) Baltimore and Ohio Railroad (nation’s first railroad) (1) 3000 miles of track laid down in 1830s (a) made possible enormous economic changes by unifying the country 4) Conclusion a) Point summarization of Northeast i) REWORD: In the Northeast. and migration in an advantageous way.

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