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Market Revolution - Market Revolution Social Change...

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Market Revolution & Social Change
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Economic Transformation 1770 1790 1810 1830 1850 | |
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How was the United States economy transformed in the first half of the 19th century? Self-sufficient Market economy Unit? Goal? Family/household survival Producer? Generalist Economic Relationship? Local & direct
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Explain the key characteristics of the Market Revolution [1] Population growth [2] Transportation innovations [3] Agricultural transformation & expansion [4] Rise of cities & manufacturing
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Explain the key characteristics of the Market Revolution [1] Population growth Doubles every 25 years Moving westward 1810—7 million; 1840—17 million Natural increase primarily Immigration (some) 1790-1840 small numbers of immigrants 1840-1860 4 million immigrants; most from Ireland (potato famine) & Germany
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Explain the key characteristics of the Market Revolution [2] Transportation innovations Steamboat 1807; Robert Fulton Clermont Canals; 1825 Erie Canal completed 363 miles from Albany to Buffalo
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