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Historical Context: The historical term "market revolution" is a fitting label for the economic

transformation that occurred in America during the first half of the 19th century: it acknowledges that radical changes occurred and that the key to these changes lay within the character and size of the market. But the term refers to more than just an expanded arena of exchange. "Market" also refers to a new mindset adopted by producers in planning and distributing their goods. The term acknowledges the fact that increasing numbers of people produced for the "market," rather than for personal consumption, and made decisions about what to produce, what to charge, and where to sell on the basis of "the market." It was this new mindset that was most "revolutionary." These sorts of "market calculations" typified the new mindset inspired by the market revolution. But the term suggests even more than this. Freedom from traditional economic relationships also meant freedom from traditional approaches to one's livelihood. The market revolution, therefore, changed more than just where people sold their goods. It transformed the approach and the goals people applied to their work. It turned craftsmen and farmers into businessmen, and it altered the relationships between sellers and buyers, employers and employees.   Question: Discuss this Market Revolution in terms of today's globalized market. Associated with the concept of a market revolution, historians describe this era politically as the age of Jackson or the Jacksonian Age. Perhaps the closest president to Jackson is our current president Donald Trump - both fit the criteria of a Populist Nationalist. Is there a correlation here in terms of a market revolution? Discuss!

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