Class Notes for Wednesday October 25

We continued with the Market Revolution:

-Yankee Deedlers-"venders" loaded up wagans and tried to sell goods to rural citizens.
-New England starts to switch to cattle raising due to then rocky soil that is bad for crops.
-Unable to compete with other areas for grain sale
-Beef and dairy products become a "cash" crop for New England
-Pre Revolutionary war the English do not need agricultural products but needed specialized items. Causing the US to trade with other countries and import from England, trade grows.
-After revolutionary war the French and British go to war so merchants in US enjoy a period of prosparity
-The we get the "Boom Claps"-1807, Embargo act which said we can not trade with anyone. In response US get the British Blockade which in result hurts merchants and slows the process of becoming a cash economy.
-After War of 1812, slowly trade began to pick up
-Artisans are divided into categories
-Unpaid apprentice and master craftsmen
-Apprentice makes his way to a journey man then becomes and master craftsmen and opens his own shop.
-Markets begin to extend past local economies and competition grows between craftsmen.
-Begin to see merchants with small stores in the city. Employ unskilled workers (being payed at very low wages) making the product in merchant name. This becomes a great demand in unskilled workers. Eventually the journeymen are out of luck and out of jobs.
-Also see a greater gap of wealth in layborers and craftsmen.

For more detailed information look in you book from pages 343 to 353