The Market Revolution Chapter 9-1 Markets Expand Early 19th century: rural Americans = self-sufficient mid 19th century: US more industrialized specialization: mid 19th century farmers began raising 1 or 2 cash crops to sell – move away from self-sufficiency market revolution: people bought and sold goods rather than making goods for their own use Capitalism: private businesses and individuals control the means of production (ex: factories, machines, and land) and use them to make profits Entrepreneurs: owners/investors in businesses – risky if it’s a new business “America is a country in which fortunes have yet to be made…All cannot be made wealthy, but all have a chance of securing a prize. This stimulates to the race, and hence the eagerness of the competition.” – Alexander Mackay (Scottish journalist who lived in Canada) Inventions 1839: Charles Goodyear developed vulcanized rubber (didn’t freeze in cold weather or melt in hot weather) 1846: Elias Howe patented the sewing machine 1851: I.M. Singer added the foot-treadle to the sewing machine (less time to make textiles) = led to factory production of clothing decreased clothing prices by 75% Telegraph 1837: Samuel F.B. Morse created the telegraph (carried coded messages across a copper wire) Connected cities, spread info, kept railroads on schedule By 1854: 23,000 miles of telegraph wire across US Morse Code http://www.youtube.com/watch?v=6XHwygN9 CKM (drummer) http://www.youtube.com/watch?v=_J8YcQETy Tw (alphabet) http://www.youtube.com/watch?v=k1WdoKKG M5o (twitter) Do Now What communication devices have you read about in science fiction stories or seen in futuristic movies? What are these devices and how are they superior to the communication devices and technology we currently have? If such a device were to exist, how would it revolutionize our lives? Canals 1807: Robert Fulton invented the steamboat boats could now travel upstream by 1830: 200 steamboats on western rivers = lowered shipping prices and travel times 1816: 100 miles of canals 1831: 3,300+ miles of canals Erie Canal: US’s first major canal Railroads Disadvantage: More expensive than shipping by canal Advantages: speed (4x faster than steamboats), used in winter, bring goods inland 1850: 10,000 miles of track “If one could stop when one wanted, and if one were not locked up in a box with 50 or 60 tobacco-chewers; and the engine and fire did not burn holes in one’s clothes…and the smell of the smoke, of the oil, and of the chimney did not poison one…and [one] were not in danger of being blown sky-high or knocked off the rails – it would be the perfection of traveling.” – Samuel Breck (Philadelphia merchant) Regional Specialties South exported cotton to England and New England West sent grain and livestock to eastern cities and Europe East manufactured textiles and machinery Southern Agriculture Relied on cotton, tobacco, and rice Southerners disliked idea of industrialization - thought the northern factories were dirty Communication and transportation lines were less advanced in south than in north Northeast Shipping & Manufacturing Northeast = center of American commerce (canals and railroads) NYC = central link between American agriculture and European markets once Erie Canal opened 14% of workers had manufacturing jobs – produced more and better goods at lower prices than had been done before Midwest Farming 1837: John Deere invented first steel plow = allowed farmers to develop farmland more efficiently and cheaply Cyrus McCormick: invented mechanical reaper (horse-drawn grain reaper) = allowed 1 farmer to do the work of 5 farmers