Period 4 - Notes for Wednesday 10/25
Continued with the Market Revolution:
Inlanders
-Were far from a main source of tranportation
-Not involved in the economic market, based a credit system and friendship of neighbors
-Issues rose from land inheritances
-Farher west, land was cheap to aquire but cost of moving an entire family caused a set back
-Only fathers who planned to provide land for all his children would sell the farm and move west
-The families who stayed created a new class of people
-composed of tenant farmers and laborers/ craftsmen
-caused the increase in the age of marriage
-caused a decrease in birthrate, but increased in children out of wedlock
-caused a decrease in paternal authority
-increased amount of landless people
-Before 1820 -small farmers followed traditional paths and were craftsmen for neighbors
-Post 1820- Putting out system extends to shoes, cloth, clocks, brooms, utensils, and chairs in te inland families
-Livestock raising replaces weak farming in New England due to competition from New York and New Jersey
-Beef becomes a cash crop, as does milk and eggs
-Sold in country stores and shifts to a cash economy
Merchant class in coastal cities change
-creditors from England offer loans, real estate, etc.
-triangle trades develop
-branches out - caplialists rise
-Period of posperity while Europe is in war
-Insurance companies are established
-New banks are created as Europe become dependent for food and supplies
-Quickly stops due to the Embargo Act
-Life is precarious for families - unskilled artisans learn unpaid from bakers, butchers,etc, creating stabilty
-Economic Boom
-causes competition
-Master craftsmen under economic pressure bring in unskillmen with cheap labor
-Journeymen lose social status and is equal to the cheap labor
-Apprenticeships become an excuse for cheap labor
-Gap established b/t masters and artisans in wealth, develop
-First cotton factory built in 1814
-caused prices to decrease
-home spinners to disappear
-Stores increased products by 45% in the country
-1820-1830- samples of utensils, dishes, and wall paper were available
-Private investors built roads; railroads were a major build up in 1840s
-reduced expense and time and extended markets
-
Inlanders
-Were far from a main source of tranportation
-Not involved in the economic market, based a credit system and friendship of neighbors
-Issues rose from land inheritances
-Farher west, land was cheap to aquire but cost of moving an entire family caused a set back
-Only fathers who planned to provide land for all his children would sell the farm and move west
-The families who stayed created a new class of people
-composed of tenant farmers and laborers/ craftsmen
-caused the increase in the age of marriage
-caused a decrease in birthrate, but increased in children out of wedlock
-caused a decrease in paternal authority
-increased amount of landless people
-Before 1820 -small farmers followed traditional paths and were craftsmen for neighbors
-Post 1820- Putting out system extends to shoes, cloth, clocks, brooms, utensils, and chairs in te inland families
-Livestock raising replaces weak farming in New England due to competition from New York and New Jersey
-Beef becomes a cash crop, as does milk and eggs
-Sold in country stores and shifts to a cash economy
Merchant class in coastal cities change
-creditors from England offer loans, real estate, etc.
-triangle trades develop
-branches out - caplialists rise
-Period of posperity while Europe is in war
-Insurance companies are established
-New banks are created as Europe become dependent for food and supplies
-Quickly stops due to the Embargo Act
-Life is precarious for families - unskilled artisans learn unpaid from bakers, butchers,etc, creating stabilty
-Economic Boom
-causes competition
-Master craftsmen under economic pressure bring in unskillmen with cheap labor
-Journeymen lose social status and is equal to the cheap labor
-Apprenticeships become an excuse for cheap labor
-Gap established b/t masters and artisans in wealth, develop
-First cotton factory built in 1814
-caused prices to decrease
-home spinners to disappear
-Stores increased products by 45% in the country
-1820-1830- samples of utensils, dishes, and wall paper were available
-Private investors built roads; railroads were a major build up in 1840s
-reduced expense and time and extended markets
-
posted by NatalieN | 5:09 PM
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