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Tunya Alexande3 - T unya Alexander US History to 1877 Sec...

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Tunya Alexander US History to 1877 Sec 022 Chapter 9 Chapter 9- Economic Transformation 1820-1860 During this time in history we went from Mercantilism to capitalism. Capitalism was a foreign word unheard of. Capitalism meant; commonwealth, entrepreneurialism, and nation of merchants. The Capitalist Economies was the out sourcing of families, children, to work. This type of environment left the dependent on markets they were unable to control. The good part about it all is that they were able to earn income outside of the farm economy that they were use to. A good business cycle was the key to success. The panic of 1819 boom and bust was not so good. People really wanted to develop the net worth of marketing. The people worked so hard they eventually worked themselves into an international market . The New Economic Era for America was a great thing. The difference between The American
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Industrial Revolution and The Market Revolution was the lag in time and the nature of the two. The
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