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The market revolution resulted in economic leveling, with a significant decline in economic inequality occurring between 1800 and 1840 in the Northeast.
Market Revolution
The drastic change in the US economy in the early 19th century characterized by the rapid expansion of capitalism and significant developments in transportation, commercialization, and industrialization.
Economic Leveling
The process or policy aimed at reducing economic inequalities among various groups in a society by redistributing wealth.
Economic Inequality
The disparate allocation of money, resources, and chances for advancement among different people or communities in a society.
- Analyze the impact of the market revolution on social structures, including the rise of distinct class systems and the middle class.
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Learning Objectives
- Analyze the impact of the market revolution on social structures, including the rise of distinct class systems and the middle class.
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