Market Revolution essays

Market Revolution essays The United States today which is a worlds largest economy and largest natural resources land. I am going to talk about the Market Revolution during 1815-1860. Where as during late 1815Â ¡s the US economy was still dependent on England, exported and imported manufactured goods, geared toward international trade, no domestic trade. And majority of farmers were subsistence/ Yeoman basically were independent farms. By 1860s the subsistence farmers transform into commercial farmers, transitioned into national economy, developed an industrial sector an second only to England, able to better export nations natural resources, and was the large domestic consumer market which generated far more wealth then it had been. Most of the Easter US was thick forests, no roads an undeveloped. During 1790 - 1815 there were two different political interests were the Republicanism (Jefferson) VS. Federalism (Hamilton). Hamilton and Jefferson each thought very differently about the direction of national economy. Jefferson Republicanism was the 3rd president during 1801-1809. Jefferson was most intellectually a gifted president and most eloquent with pen. Jefferson was a child of enlightenment, architects (he designed his own home), avid readers, involved with natural science, loved the French, and enjoyed living good European life. He was a man of Contradictions where slave owner opposed to slavery. He thought morally wrong and was dying institution. US economy was dependent of free trade outward oriented with exports and open foreign trade. Jefferson believed that for republic to work. Spokes person for individual right and believed that US had special role in history that leaded to an example. Government should protect of right a superior to all other types of government. Believed freedom is fragile and republic was likely to fail. Republic would spread since there was more appealing. Americans role to spread democracy by example, ...