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The Market Revolution in the 19th century United States is a historical model that describes how the United States became a modern market-based economy. During the mid 19th century, technological innovation allowed for increased output, demographic expansion and access to global factor markets for labor, goods and capital.
One of the real impetuses for the United States entering the Industrial Revolution was the passage of the Embargo Act of 1807, the War of 1812 (1812–15) and the Napoleonic Wars (1803–15) which cut off supplies of new and cheaper Industrial revolution products from Britain. The lack of access to these goods all provided a strong incentive to ...
The average age was under 20, with children everywhere. The population grew from 5.3 million people in 1800, living on 865,000 square miles of land to 9.6 million in 1820 on 1,749,000 square miles. By 1840, the population had reached 17,069,000 on the same land. [68]
Railway Mania was a stock market bubble in the rail transportation industry of the United Kingdom of Great Britain and Ireland in the 1840s. [1] It followed a common pattern: as the price of railway shares increased, speculators invested more money, which further increased the price of railway shares, until the share price collapsed.
The Life of the Mind in America: From the Revolution to The Civil War. Harcourt Brace Jovanovich. ISBN 9780156519908. Myers, Marvin (1957). The Jacksonian Persuasion: Politics and Belief. Parrington, Vernon (1927). Main Currents in American Thought. Vol. 2: The Romantic Revolution, 1800– 1860. Archived from the original on March 17, 2015.
Incorporated as the Town of Lowell in 1826, by 1840, the textile mills employed almost 8,000 workers — mostly women between the ages of 15 and 35. [6] [7] The "City of Spindles", as Lowell came to be known, quickly became the center of the Industrial Revolution in America. New, large scale machinery, which had come to dominate the production ...
An entrepreneurial spirit and consumer revolution helped drive industrialisation in Britain, which after 1800, was emulated in Belgium, the United States, and France. [10] The Industrial Revolution marked a major turning point in history, comparable only to humanity's adoption of agriculture with respect to material advancement. [11]
The Life of the Mind in America: From the Revolution to The Civil War. Harcourt Brace Jovanovich. ISBN 9780156519908. Parrington, Vernon (1927). Main Currents in American Thought. Vol. 2: The Romantic Revolution, 1800– 1860. Archived from the original on March 17, 2015. Skeen, C. Edward (2004). 1816: America Rising.