U.S. History Chapter 3 – The Growth of a Young Nation 3-4 The Market Revolution The Market Revolution CA Standards: 11.2 Students analyze the relationship among the rise of industrialization, large-scale rural to urban migration, and massive immigration from Southern and Eastern Europe Objectives: • Describe the impact of new markets, entrepreneurs, and inventions on the 19th century economy. • Explain the ways in which workplaces changed during the market revolution. • Summarize the efforts of workers to improve their economic security. Homework Write definition of Terms & Names found on page 144 of textbook or page 43 in workbook. Read pages 144 - 149 The Americans: Reconstruction to the 21st Century Prepare for Open notebook Quiz The Market Revolution Main Idea Inventions and economic developments in the early 19th century helped transform American society. In this market revolution, people began to buy and sell goods rather than making them for themselves. The Market Revolution Why It Matters Now The market revolution and free enterprise system that took hold during this period still drive the nation’s economy today. The Market Revolution Terms & Names page 139 in textbook or 41 in workbook Market Revolution Free Enterprise Entrepreneurs Immigration National Trades’ Union Union Samuel F. B. Morse Lowell Textile Mills Commonwealth vs Hunt Notes: 3-4 Guided Reading The Market Revolution Read Pages 41 & 42 Reading Study Guide Notes: 3-4 Guided Reading 1. How did new inventions create a market revolution in the United States? • New inventions improved manufacturing, transportation, and communication that made it possible for different regions to specialize and sell their goods to each other. Notes: 3-4 Guided Reading 2. How did the new factories change how Americans worked? • Work that had been done by skilled artisans in the home or in small local shops were now done by unskilled workers in factories. Notes: 3-4 Guided Reading 3. Why did workers begin to organize into unions? • Low, below the cost of living, wages and bad working conditions in factories led workers to organize into unions. Be prepared for open notebook quiz