Discuss the character and impact of the economic and legal revoulutions on the American economy between 1815 and 1840. Did this market revolution have to be so antagonistic toward laborers? Explain your answer. Solution Market revolution refers to the changes in market structure from local to national markets. Revolution impacted highly in agricultural sector. It has changed agricultural sector positively. Textile and manufacturing industries drastically boom and strengthened the economy. Roadways and canal system expanded, coin was made from precious metal, and there was huge financial growth. During market revolution Americans began to experience the forces of supply and demand. Transportation network highly changed during revolution and play a vital role in commerce and new market. Due to revolution there was drastic changes occurred in manual labor process. It has changed the schedules, wages and working environment for laborers. Artisanal trades started to give way to best efficient system of production, instead of using skilled labor and thus skilled labor were not required for the production. There was no job security and laborer was paid low wages..

1. Discuss the character and impact of the economic and legal revoulutions on the American
economy between 1815 and 1840. Did this market revolution have to be so antagonistic toward
laborers? Explain your answer.
Solution
Market revolution refers to the changes in market structure from local to national markets.
Revolution impacted highly in agricultural sector. It has changed agricultural sector positively.
Textile and manufacturing industries drastically boom and strengthened the economy. Roadways
and canal system expanded, coin was made from precious metal, and there was huge financial
growth. During market revolution Americans began to experience the forces of supply and
demand. Transportation network highly changed during revolution and play a vital role in
commerce and new market.
Due to revolution there was drastic changes occurred in manual labor process. It has changed the
schedules, wages and working environment for laborers. Artisanal trades started to give way to
best efficient system of production, instead of using skilled labor and thus skilled labor were not
required for the production. There was no job security and laborer was paid low wages.