The Market Revolution and Antebellum Reform

The Market Revolution and Antebellum Reform - The Market...

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The Market Revolution and Antebellum Reform Erie Canal Lowell, Massachusetts Charles Finney Moral Suasion American Temperance Society 1. Transportation Revolution a. Market Revolution i. From 1815 to 1860 have enormous economic growth ii. Have movement of people – rural areas to urban areas iii. Have shift in population moving westward b. Transportation Revolution i. Want to get goods to market, roads are always in bad shape ii. First have to improve roads (costs $$) how will we pay for internal improvements have tolls (turnpikes) iii. Charge people who use turnpikes/road iv. By 1830 there are more than 11000 miles of turnpikes v. Problems 1. Horses/buggy/wheel 2. Muddy roads 3. Rutted roads vi. Travel by water 1. Can’t always travel by river 2. Create man-made waterway = Canals 3. By 1820s canals become best way to travel 4. Erie Canal = most important canal a. Starts in Buffalo, NY goes all the way to Albany b. Construction is started in 1817 and lasts until 1825 c. 364 miles long d. Costs $7M to construct e. Within 7 years (1832) is paid for by bonds f. Every year after that they make $3M g. Largest public work project not matched until 1950s h. Helps NYC become the most important city in the US i. Connects entire Midwest j. Canals dropped the cost of shipping by 90%
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k. By 1840 more than 3000 miles of canals (mostly in the North) vii. Rail Roads 1. Don’t become dominant in American society until 1840-1850s 2. By 1840, there are about 3000 miles of railroad track 3. By 1860, (eve of civil war) there are 30k miles of railroad tracks 4. Half of the world’s railroads are in the American North viii. Regional specialization 1. South a. Cotton, tobacco, wheat, rice 2. Midwest a. Corn, potatoes, wheat, animals 3. New England a. Dairy production, 4. Each group can still be traded with one another 5. Cotton shipped up to NE and across Atlantic
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This note was uploaded on 08/07/2008 for the course HIST 1377 taught by Professor Buzzanco during the Summer '05 term at University of Houston.

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The Market Revolution and Antebellum Reform - The Market...

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