How Did The Market Revolution Affect The Economy

The Market Revolution embodied indisputable transformations in the economy. The United States disconnected from its dependence on agriculture and international trade in favor of internal manufacturing. In 1807, President Thomas Jefferson signed an embargo on Britain due to international disputes over trade ship laws and violations. This law restricted American ships from participation international trade with hopes to display America’s importance in the overseas market. Due to this, they could not utilize once lucrative international trade economics (The Market Revolution - Impacts and Significance). To compensate, citizens switched personal investments to factories within the United States. As money began increasing in these ventures, a dramatic increase took place
The population of the United States multiplied by six in the years of the Industrial Revolution ("The Industrial Revolution In America: Inventions & Effects - Video & Lesson Transcript | Study.Com"). The huge increase in population led to more people, especially women, in the workforce. In fact, during the early 19th century that women became the majority of teachers ("Economic Growth And The Early Industrial Revolution [Ushistory.Org]"). Additionally, costs of everyday products, such as clothes, decreased due to competition between manufacturers and mass production in factories ("The Industrial Revolution In America: Inventions & Effects - Video & Lesson Transcript | Study.Com"). This new middle class primarily consisted of professionals working jobs such as doctors and businessmen ("Industrial Revolution - Classes Of People"). The rise of the middle class proved an important change for the economy because the expansion led to an increasing need for education, which prompted many schools, as well as universities for higher education to open ("Industrial Revolution - Classes Of