The Market Revolution I. Early Industrialization A. Prior to Factories 1. 1815--most manufacturing at home 2. 1820's--produced for market 3. Domestic System--change in distribution a. Clothes, shoe, hats 4. Artisans expand and become entreprenuers B. Textiles and the First Factories 1. Samuel Slater and 1st American Factory 1790 2. Boston Associates and Francis Cabot Lowell a. Mass production of standardized product b. S.NE 1st major manufacturing area in US 3. Waltham System a. 1824 HH production 90%--'32-50% 4. Shift in Capitalist Activity a. Commerce to Manufacturing--protective tariff's and infant industries 5. Labor--women, children, immigrants C. Westward Expansion 1. Modest Industrial Progress II. Transportatioin-bringing the west into the national economy A. Roads, Rivers and Canals 1. National Road 1811-1818 2. Mr. Calhoun "Let us conquer space" 1815 3. Toll roads 4. Natural system of river transportation 5. Steamboats--Livingston and Fulton 1807 6. Erie Canal 1818-1825 DeWitt Clinton and NYC III. Market Economy--natural outgrowth of transportation boom A. Efficient transportation network-reduce costs B. From self sufficiency to producing for profit C. Revolution in marketing and distribution D. Firm evidence of progress and improvement E. Loss of individual independence and security