J O U R N A L

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

Country changes

early 1800’s

Population grows

Demand for more as

well as diverse goods

Cash and credit!

MARKET REVOLUTIONSECTION 1

SAMUEL SLATER

Arrived in disguise in

America late 1700’s

Build first textile mill

Providence, RI in 1790

Became wealthy

building mills northeast

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

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

1780’s -1790’s growth

Credit and cash for

investing

Started by private

investors

Help develop American

economy

BANKS & BUYING

Americans buy

more goods

Middle class

become more

“affluent”

Capitalism not

embraced by all

THE NORTHERN SECTION

Section 2

Northeast• New England,

New York, New Jersey, Pennsylvania

Old Northwest• Ohio, Indiana,

Illinois, Michigan, Wisconsin, Minnesota

THE DIVIDED NORTH

NORTHWEST

Farms

Small towns

Crops • Exported/

marketed majority of products for consumption

NORTHEAST

Farms

Factories

Textile mills• Waltham and

Lowell, MA• Young, unmarried

females employed

Lowell Textile Mills

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

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

OWNERS VS. WORKERS

Capitalists Workers

THE SOUTHERN SECTION

Section 3

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)

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

Cotton, tobacco, sugar

labor intensive

Enslaved African

Americans provided

cheap labor

Very few whites in the

south owned slaves

Crash Course - Slavery

SLAVERY

RESISTANCE

Denmark Vesey

Gullah Jack

Gabriel Prosser

Nat Turner