How did the market revolution affect the economy of the south?
The market revolution sparked explosive economic growth and new personal wealth, but it also created a growing lower class of property-less workers and a series of devastating depressions, called “panics.” Many Americans labored for low wages and became trapped in endless cycles of poverty.
How did the market revolution affect slavery in the South?
As northern textile factories boomed, the demand for southern cotton swelled and the institution of American slavery accelerated. Northern subsistence farmers became laborers bound to the whims of markets and bosses.
How did the market revolution affect the South quizlet?
The Market Revolution sparked social change in many ways. Cities grew, factories sprouted along with "the clock" and the "mill girls", and immigration increased. With the new inventions like steamboats and canals, there was a growth of "slave-based cotton plantations in the South" (331).
How did market revolution change North and South?
The market revolution impact on the South and Northeast brought about widespread economic growth yet affected the regions differently, the South shifted from subsistence farming to commercial farming and the Northeast grew in mechanization and industrialization.
Was the market revolution positive or negative?
The market revolution, which started in 1815, transformed worker lives, and improved the nation vastly; although it also dropped the economy as well. The traditional market, which was based upon power generated by animals and water, was slow in activities such as transportation.
What were the causes and effects of the market revolution?
Key factors that contributed to this economic shift were technological advancements in modes of transportation, a growing demand and employment in factory jobs followed by increased urban migration, and an agricultural shift away from subsistence farming (for self-sufficiency) towards commercial farming (for profits).
How did the market revolution affect the West?
In the 1820s and 1830s, a market revolution was transforming American business and global trade. Factories and mass production increasingly displaced independent artisans. Farms grew and produced goods for distant, not local, markets, shipping them via inexpensive transportation like the Erie Canal.
Why was slavery so important to the southern colonies?
The Origins of American Slavery Most of those enslaved in the North did not live in large communities, as they did in the mid-Atlantic colonies and the South. Those Southern economies depended upon people enslaved at plantations to provide labor and keep the massive tobacco and rice farms running.
Who benefited from the market revolution?
The market revolution improved standards of living for most American farmers. For example, a mattress that cost fifty dollars in 1815 (which meant that almost no one owned one) cost five in 1848 (and everyone slept better).
How did the market revolution changed America?
In the 1820s and 1830s, a market revolution was transforming American business and global trade. Factories and mass production increasingly displaced independent artisans. Farms grew and produced goods for distant, not local, markets, shipping them via inexpensive transportation like the Erie Canal.
Who benefited the most from the market revolution?
American farmers The market revolution improved standards of living for most American farmers. For example, a mattress that cost fifty dollars in 1815 (which meant that almost no one owned one) cost five in 1848 (and everyone slept better).
How did the end of slavery affect the Southern economy?
Defenders of slavery argued that the sudden end to the slave economy would have had a profound and killing economic impact in the South where reliance on slave labor was the foundation of their economy. The cotton economy would collapse. The tobacco crop would dry in the fields. Rice would cease being profitable.
How did slavery impact the social structure of the South?
The Southern colonies depended on slaves whether it was for the economy, society, or their own personal needs. Southerners who did not have slaves still depended on them just on the soul fact that they were beneath them and made them feel better about their place in society.
How was the South affected after the Civil War?
After the end of Reconstruction, racial segregation laws were enacted. These laws became popularly known as Jim Crow laws. They remained in force from the end of Reconstruction in 1877 until 1965. The laws mandated racial segregation as policy in all public facilities in the southern states.
How was the Southern economy affected by the Civil War?
The twin disadvantages of a smaller industrial economy and having so much of the war fought in the South hampered Confederate growth and development. Southern farmers (including cotton growers) were hampered in their ability to sell their goods overseas due to Union naval blockades.
How did slavery shape social and economic relations in the Old South?
Slavery has always been a source of cheap labor which shows its economic aspects, and discrimination against slaves/blacks has always been a problem which shows its social relations in the Old South. Slavery affected the lives and freedoms of blacks and whites in completely opposite ways.
What happened to the South’s economy after the Civil War?
After the Civil War, sharecropping and tenant farming took the place of slavery and the plantation system in the South. Sharecropping and tenant farming were systems in which white landlords (often former plantation slaveowners) entered into contracts with impoverished farm laborers to work their lands.
How did the South react to Reconstruction?
After 1867, an increasing number of southern whites turned to violence in response to the revolutionary changes of Radical Reconstruction. The Ku Klux Klan and other white supremacist organizations targeted local Republican leaders, white and Black, and other African Americans who challenged white authority.
What happened to the Southern economy after the Civil War?
After the Civil War, sharecropping and tenant farming took the place of slavery and the plantation system in the South. Sharecropping and tenant farming were systems in which white landlords (often former plantation slaveowners) entered into contracts with impoverished farm laborers to work their lands.
What happened to the South after the Civil War?
After the end of Reconstruction, racial segregation laws were enacted. These laws became popularly known as Jim Crow laws. They remained in force from the end of Reconstruction in 1877 until 1965. The laws mandated racial segregation as policy in all public facilities in the southern states.
How was the South affected by the Civil War?
Many of the railroads in the South had been destroyed. Farms and plantations were destroyed, and many southern cities were burned to the ground such as Atlanta, Georgia and Richmond, Virginia (the Confederacy's capitol). The southern financial system was also ruined. After the war, Confederate money was worthless.
What were the economic problems faced by the South?
While in the past, many Southern states have had chronically high poverty rates and low median incomes, the infusion of new industries — from other parts of the country as well as overseas — tended to keep unemployment low.
What problems did Southerners face during Reconstruction?
The most difficult task confronting many Southerners during Reconstruction was devising a new system of labor to replace the shattered world of slavery. The economic lives of planters, former slaves, and nonslaveholding whites, were transformed after the Civil War.
How did the South feel about the Civil War?
Most white Southerners reacted to defeat and emancipation with dismay. Many families had suffered the loss of loved ones and the destruction of property. Some thought of leaving the South altogether, or retreated into nostalgia for the Old South and the Lost Cause of the Confederacy.
What problems faced the South after the Civil War?
The most difficult task confronting many Southerners during Reconstruction was devising a new system of labor to replace the shattered world of slavery. The economic lives of planters, former slaves, and nonslaveholding whites, were transformed after the Civil War.
Why was the South poor after the Civil War?
The economy of the South was in ruins. During the next eighty years, the world market price for cotton remained low. The South had nothing but cotton, so the South remained poor until World War II. During the war, hundreds of thousands of the slaves had run away.
How was the South economically affected by the Civil War?
The twin disadvantages of a smaller industrial economy and having so much of the war fought in the South hampered Confederate growth and development. Southern farmers (including cotton growers) were hampered in their ability to sell their goods overseas due to Union naval blockades.
How did the South feel about Reconstruction?
The South was angry with how its people were treated after the war. The way they were treated meant they did not trust many people who were in politics. Many people today believe that Reconstruction was a total failure.
How did the South change after the Civil War?
After the Civil War, sharecropping and tenant farming took the place of slavery and the plantation system in the South. Sharecropping and tenant farming were systems in which white landlords (often former plantation slaveowners) entered into contracts with impoverished farm laborers to work their lands.
How did war affect northern and Southern society?
While the agricultural, slave-based Southern economy was devastated by the war, the Northern economy benefited from development in many of its industries, including textile and iron production. The war also stimulated the growth of railroads, improving transportation infrastructure.