8: The Market Revolution
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William James Bennett, View of South Street, from Maiden Lane, New York City, c. 1827, via Metropolitan Museum of New York
- 8.1: Introduction
- Between the Revolution and the Civil War, an old subsistence world died and a new more-commercial nation was born. Americans integrated the technologies of the Industrial Revolution into a new commercial economy. Steam power, the technology that moved steamboats and railroads, fueled the rise of American industry by powering mills and sparking new national transportation networks. A “market revolution” remade the nation. The revolution reverberated across the country.