Title: How did the American economy change during the Era of Good Feelings? What advantages and disadvantages came with the rise of industrial production?... - eNotes.com
Headings: How did the American economy change during the Era of Good Feelings? What advantages and disadvantages came with the rise of industrial production? Who benefited? Who did not benefit? How did these changes simultaneously unite and divide the North and the South?
History
How did the American economy change during the Era of Good Feelings? What advantages and disadvantages came with the rise of industrial production? Who benefited? Who did not benefit? How did these changes simultaneously unite and divide the North and the South?
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Content: Another important transformation during the Market Revolution was the increased independence of the US economy during and after the War of 1812. Because the war disrupted trade, US manufacturing increased to meet demand. This manufacturing continued after the war and led to the rise of factories. Men like Samuel Slater and Francis Lowell introduced the British factory system to the US. These early factories, or mills, were built along rivers in order to utilize water power, and they mainly produced textiles. They also employed young, unmarried women and children. Consumers benefitted from the lower prices and increased variety of goods during the Market Revolution, and bankers and manufacturers in urban centers began reaping profits from the increased production and demand. However, the Market Revolution also signaled the rise of child labor, and factory work became increasingly oppressive. Wages were often low, hours were long, and conditions could be dangerous, especially for young children. The Market Revolution also signaled the beginning of the end of Jefferson's dream of an agrarian nation in which white males would become economically independent by owning and farming their own land.