Transportation and communication, as well as canals and steamboats, etc. In the first part of the nineteenth century, this advancement most significantly sped up and reduced the cost of commerce.
How was life affected by the market revolution?
- The Market Revolution undermined the ability of guilds to maintain the small pool of artisans, allowing more people to receive training in producing goods for sale in the marketplace. As a result, wages decreased along with a decrease in the cost of skilled labor.
- Time was increasingly divided into work and play by clocks.
- Many of them were escaping political or economic unrest in their home countries. Irish immigrants made up the majority of those who arrived between 1840 and 1860. The ailment known as potato blight at the time made potatoes rot.
- The manufacture of commodities for a cash market, the application of inventions and developments to generate items for a mass market, and the rapid advancements in transportation and communication.
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