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?
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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: 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. During and after the Market Revolution, while farming and agriculture continued, increased importance was placed on industry, finance, and commerce. Approved by eNotes Editorial Team
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The Era of Good Feelings lasted from approximately 1816 to 1824 with the tumultuous election between Henry Clay, John Quincy Adams, and Andrew Jackson. Thanks to the steam engine, the American economy would grow immensely. Steam power helped to power steamboats that could easily move against river currents. This would lead to the growth of river cities such as St. Louis and Memphis.