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  • Essay / Market Revolution Essay - 1083

    The Market Revolution is a term to describe the economic expansion and transformation in America that took place during the first half of the 19th century. This is primarily about recognizing and focusing on building new roads and canals that connected remote communities for the first time. During these years, it was not industrialization that emerged, nor the emergence of major technological progress. Significant technological progress has taken place, but only in a few sectors. But most of the economic growth in this period was not related to new machines, but to the market. It was through the construction of new roads and canals that the spectacular expansion of the market emerged. Thousands of miles of roads and canals, mostly financed by private developers and state governments, made it much more affordable for manufacturers, artisans, and farmers to transport goods to distant markets. This period not only refers to a larger space of exchange, but it also refers to the approach that producers may have taken to planning and distributing their goods. Producing goods in mass quantities and not just for personal consumption has allowed people to now decide what to produce, how much they should charge, and where they should sell their products in the market. This approach is what made the market revolution revolutionary. Before the emergence of roads and canals, Americans were limited to local markets. These local markets constituted an intertwined network of relationships and obligations that united all members of the community. Neighbors traded goods with neighbors, with each transaction managed according to local norms and guidelines. The new accessibility of distances...... middle of paper ......ing was born at a time in history when Church and State were constitutionally separated after the Revolution. Through government, the Church was to balance economic activity, business, interests, and marketing within it. The Second Great Awakening brought harmony to all. Essentially, it gave Christians a greater sense of unity because it exposed more people to one another. At this time, more and more people lived closer together in cities and worked in factories. The revival also brought together many groups that would not normally be seen together. This included whites and blacks and even poor and rich. The main message of the Market Revolution and the Second Great Awakening emphasized the importance of religious obligations as well as the importance of economics on their lives..