The Market Revolution

1. The Market Revolution

2. The Rise of Interchangeable Parts Remember the story of Chauncey Jerome Started as an apprentice for a master clockmaker Started on company by age of 24 and realized he could mass produce clocks by using interchangeable parts. Prices dropped from $20 to $2

3. A. Situation at outset of nineteenth century 1. Market revolution already underway 2. Widespread isolation from markets a. Reasons for b. Young Lincoln’s illustration I. A new economy

4. 1. Forms a. Toll roads; “turnpikes” b. Steamboats c. Canals i. Erie Canal ii. Competing canal projects d. Railroads e. Telegraph Transportation and communication revolutions

5. Transportation The National Road – Cumberland, Md. To Vandalia, Ill. 1818 - 1839

6. Transportation The Steamboat – 1807 Robert Fulton – The Clermont traveled up the Hudson River – Why important? Later will help improve transportation on the Mississippi R. Canals- To carry corn and wheat and manufactured goods – Canal system

7. Robert Fulton & the Steamboat The Clermont

8. The Erie Canal 1st major engineering feat in America. Supported by the New York City Merchants, Gov. DeWitt Clinton, and the tax payers. Moved millions of cubic yards of dirt, quarry rocks and build locks to raise and lower boats

9. Erie Canal System

10. The Erie Canal, 1820s

11. The Erie Canal Brought prosperity to central and western New York Towns and industries developed along the route Led to a canal building boom

12. The Railroad In 1830 the first American-built locomotives were put into regular operation on the Baltimore and Ohio, Charleston and Hamburg, and Mohawk and Hudson railroads Vested interests, including turnpike and bridge companies, stagecoaches, ferries, and canals, sought laws to prohibit trains from carrying freight

13. The Railroad After 1830 that railroads were destined to become the nation's chief means of moving freight. During the 1830s, construction companies laid down 3,328 miles of track, roughly equal to all the miles of canals in the country. With an average speed of 10 miles an hour, railroads were faster than other vehicles and could travel in any season.

14. Results of the Transportation revolution The transportation revolution sharply reduced the cost of shipping goods to market and stimulated agriculture and industry. New roads, canals, and railroads speeded the pace of commerce and strengthened ties between the East and West.

16. Communication Revolution During the 1790s, it took 3 weeks for a letter to travel from New York to Cincinnati or Detroit and 4 weeks to arrive in New Orleans. In 1799 it took 1 week for news of George Washington's death to reach New York City from Virginia. A decade and a half later, it still took 49 days for word of the peace treaty ending the War of 1812 to reach New York from London.

17. The Telegraph As early as the 1720s, it was known that electricity could be conducted along a wire to convey messages Iit was not until 1844 that an American artist and inventor named Samuel F. B. Morse demonstrated the practicality of the telegraph and devised a workable code for sending messages

18. Consequences a. Opening of interior to settlement, commerce b. Lower transportation costs c. Spread of instant, long-distance communication d. Linkage of western farmers to distant markets Transportation and communication revolutions

19. 1. Pace and magnitude 2. Contributing factors a. Industrial demand for cotton b. Invention of cotton gin c. Opening of Deep South to white settlement 3. Revitalization and spread of plantation slavery a. Growth of domestic slave trade b. Consequences for slaves c. Consequences for South’s social and economic development Rise of the Cotton Kingdom

20. Commercialization of northwest farming 1. Eastern markets 2. Transportation networks 3. Availability of credit 4. Improved farm machinery Market society

21. Growth of cities 1. Place on western frontier 2. Pace of growth From craft production to mass production 1. Decline of artisan tradition a. Larger workshops b. Subdivision of tasks c. Increased supervision Market society

22. Growth Cities and Towns Chicago – fastest growing boom town Cleveland Detroit Buffalo St. Louis – 2nd fastest growing boom town

23. Industrial Revolution Individuals efforts to make industrial changes Leads to a new economic era, but also led to class-divided society

24. Division of Labor in the Factory Take semi-skilled workers and teach the employee a specific task. No longer a master cobbler in shoe factories, but mass production of product. Leads to lower prices.

25. Porkopolis

26. Samuel Slater Father of the Industrial Revolution British government forbade anyone migrating to the America’s who were textile mechanics . Slater comes to the U.S. in 1789 having memorized Richard Arkwright's spinning frame plans. Worked with Moses Brown in Providence Rhode Island.

27. Samuel Slater Father of the Industrial Revolution

28. FYI Before machinery, thread was spun by unmarried women, orphan girls, and widows with no prospects for remarriage. Thus the term for unmarried women became “spinster”

29. The Lowell Factory Girls Francis Cabot Lowell went to England and stole the best of the ideas of the British Factory System Opens factories in Waltham, Massachusetts Built the largest and fastest mill in the world. To lower prices, recruit farm girls and women to work in the mill

30. The Lowell Factory Girls Provide boarding houses and cultural activities Strict curfews and prohibition of alcohol Work 12 hours a day, 6 days a week. Most sent money home to help the family Created a competitive textile industry

31. The Lowell Factory Girls

33. Lowell Factory Girl Oh! isn't it a pity, such a pretty girl as IShould be sent to the factory to pine away and die?Oh! I cannot be a slave, I will not be a slave,For I'm so fond of liberty,That I cannot be a slave.

34. Lowell Factory Girl We must leave our looms. We are daughters of free men and are being forced to work under conditions that approach slavery. Do we need this money so badly that we will submit to these inhumane working conditions while this aristocracy of mill owners lives off the profits of our sweat? Are we not entitled to reasonable breaks in our toil to eat our meals as decent people do - not racing to our boardinghouses and bolting our food like piglets at the trough? And is it not reasonable to limit the workday to ten hours so we have time in the evenings to improve our minds as we were promised? WE must prevent our sex from being made into living machines to do the bidding of incorporated aristocrats and reduced to a sum for their services hardly sufficient to keep soul and body together. The mill managers have been deaf to our petitions and our rallies. They will only hear us when the factories are stilled by workers leaving their looms to secure their dignity and their rights

35. Initial features i. Large concentrations of workers ii. Centralized supervision iii. Water power iv. Power-driven machinery v. “Outwork” Mass Production

36. Evolving features i. Steam power ii. Widening range of locations iii. Widening range of goods iv. Interchangeable parts v. Standardized products The Factory System

37. Regional variations i. Concentration of early industry in New England ii. Small-scale manufacturing elsewhere in North iii. Minimal industrialization in South The Factory System

38. 1. Sharpening of line between work time and leisure time 2. From labor’s “price” to labor’s “wage” 3. Early aversion of working men to wage labor 4. Women at Lowell The Industrial Worker

39. Changes in Social Structure New Urban Poor By 1840 half of the native born freemen were working for others They had money for food and rent and not for much Lived in slums amid great squalor and vermin Mass consumption of alcohol added to the squalor

40. 1. Flow of (Push Pull Factors) 2. Factors behind a. Access to jobs and land in North b. Displacement of peasants and craft workers in Europe c. Advances in long-distance travel d. Appeal of American freedoms e. Irish potato famine Growth of Immigration to America

41. Experience of a. Irish b. Germans c. Others Rise of Nativism a. Chapter in ongoing American anxiety over immigration b. Perception of Irish as subversive to ideals of democratic republic c. Anti-immigrant initiatives i. Riots ii. Electoral campaigns Growth of Immigration to America

42. Immigration Large rise of Catholicism Leads to Nativism Protestantism worried about this Samuel Morse wrote books about the conspiracy of the Catholic Church Boston – Burning of convents Philadelphia – Riots when the Catholic Bishop persuaded the schools to add a Catholic Bible along with the Protestant Bible Blamed Immigrants for job losses among the poor Protestants Founding of the Know Nothing Party

43. 1. Corporate charters – investors and directors are not liable for corporate debt Limited liability 2. Charters as contracts 3. Rejection of state-sponsored monopoly 4. Support for state-sponsored competition 6. Exculpation of companies for property damage 7. Affirmation of employer power at workplace 8. Criminalization of strikes Legal foundation for business growth

44. Competition and material advancement as measures of “freedom” 1. The “self-made man” Beneficiaries of market revolution 1. Wealthy bankers, merchants, industrialists, planters 2. Middle-class employees 3. Successful farmers 4. Successful craftsmen 5. Professionals Ideals of Market Revolution

45. Discriminatory barriers to opportunity a. Forms – could practice as an artisan. b. Impetus behind – thought they would work for less c. Impact on black status downward spiral economically. d. The West? Free blacks and the market revolution

46. 1. Decline of home as realm of economic production 2. The “cult of domesticity” a. Separate spheres b. Distinctive ideals of femininity and masculinity 3. Wage-earning women a. Limited rights and options b. Meager terms of labor 4. Middle-class women a. Domestic respectability b. Freedom from household labor Women and the Market Revolution

47. 1. Acquisitiveness as threat to public good 2. Cycle of boom and bust 3. Irregular employment 4. Widening inequalities of living standards 5. Erosion of craft skills 6. Specter of wage dependency; “wage slavery” Concern over Effects of Market Revolution