Market Revolution (jan 1, 1820 – jan 1, 1830)
Description:
Cause:- Technological advancements
- growing demand and employment in factory jobs
- increased urban migration
- agricultural shift away from subsistence farming towards commercial farming
Effect:
- explosive economic growth
- depressions (panics)
- growing lower class of poverty-less workers
- Americans labored for low wages
- trapped in endless cycles of poverty
Added to timeline:
Date:
jan 1, 1820
jan 1, 1830
~ 10 years