Market Revolution: Agriculture and Global Trade

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In the era of traders, the vast land area and rich natural resources created many economic opportunities. Most people lived in rural areas and were engaged in agriculture or handicrafts (Sellers, 1994). The government aimed to develop agriculture, industry, transport and global trade. Thus, the expansion of domestic infrastructure contributed to the Market Revolution. The Market Revolution affected both slaves and free people, transforming the relationship between seller and buyer and replacing personal transactions with less personal business. Thus, in this sense, “James Madison asks Congress to support internal improvements, 1815” is an important document. This is because Madison called for financing the construction of roads and infrastructure for the development of trade (A Documentary Companion to the American Yawp n.d.). Moreover, it was proposed to impose duties on foreign goods to increase demand for domestic ones. Accordingly, new large factories emerged, employing workers from neighboring districts. Moreover, the development of transporter allowed to transport farmers’ products throughout the country. Accordingly, not only did agriculture develop thanks to such innovations as steam, but also agriculture turned into a form of business.

It is also worth noting that the emergence of new forms of business has created many jobs. It was the market revolution that influenced the fact that slave labor began to disappear in the United States and skilled workers became popular. This is also to some extent due to the “James Madison asks Congress to support internal improvements, 1815”, because the document stressed the importance of educational institutions (A Documentary Companion to the American Yawp n.d.). Therefore, the market revolution was a consequence of the development of internal infrastructure, but entailed other processes. That is, the distribution and use of skilled labor is one of the effects of the revolution. Therefore, the government made a big effort to implement initiatives related to the market revolution.

References

A Documentary Companion to the American Yawp. n.d. “The American Yawp Reader.” Web.

Sellers, Charles. 1994. The Market Revolution: Jacksonian America, 1815-1846. Oxford: Oxford University Press.

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