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Market and Transport Revolution in the United States - Essay Example

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Professor Name History and Political Science Date Market and Transport Revolution in the United States Market and transport revolution in the United States contributed greatly to the economic and infrastructural development in the nineteenth century…
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Market and Transport Revolution in the United States
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Market and Transport Revolution in the United States

Download file to see previous pages... A group of Americans statesmen came up with a vision of implementing a national economic policy that enhanced the growth of the economy referred to as the “American system.” This paper aims at responding to the changes in the transport and market revolution in the United States of America; with direct relation to their contribution in the growth of the country. Considering “market revolution,” the expansion of the market place occurred in the nineteenth century giving way to infrastructural growth that promoted business growth in the United States. Construction of new roads and canals to join distant communities together for the first time came into effect. Resultant transport development, “inspired by the success of the Erie Canal where the States poured millions of dollars into the transportation networks” spurred the national growth economically (Cobbs-Hoffman and Gjerde, 232). This opened up the interior areas to the other parts and led to movement of goods promoting development in the areas. The market revolution attributed with new roads and canal development can be said to have opened up business with other distant markets enhancing more earnings that were used in the economic development of the rural areas. “The invention of steam power saw the transport means improve a notch higher as steam boats and railroads were introduced” (Cobbs-Hoffman and Gjerde, 231). ...
ar that, with the harnessing of steam power, improved transportation modes were realized and resulted to greater development in the transport industry; thus, promoting the business sector. Improved business relates directly to economic growth of a region and this saw the consequential advancement of the United States of America. “Technology advancement and improved business practice progressed well with the market and transport growth consolidating the market and building the economy progressively” (Cobbs-Hoffman and Gjerde, 248). Market development meant increased business activities which benefited a lot from the improvement of transport channels and effective market. This not only increased new market ventures, but also opened up far and new market places; thus, increasing output consumption leading to growth in the relevant sectors of economy. “Infrastructure development is of much essence in comparison to labor practices and business activities” (Cobbs-Hoffman and Gjerde, 248). This portrays high level of attachment the changes that occurred in the transport industry ensued and made crucial impact in the business and employment sectors. With business thrive; the economy of any state is geared towards considerable and substantial growth. The changes experienced in transport laid a foundation for market revolution that brought about a permanent change in the daily activities of the American people. For example, with improved transport, “farmers could get their produce to the market at shorter times; workers got to work early or using considerably shorter periods” (Cobbs-Hoffman and Gjerde, 231). This in turn, contributed to a large extent, “in the changing of the economic landscape of the United States” (Cobbs-Hoffman and Gjerde, 232). With increased ...Download file to see next pagesRead More
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