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Can anyone define the "Market Revolution" during the 1800's?

What were some of the problems that the Market revolution exposed? Also, how did it change the landscape of our country? What is the reform movement and how did they work to change the problems exposed by the market revolution?


Best Answer - Chosen by Asker: Following the War of 1812, the American economy was altered from an economy partly dependent on imports from Europe to an economy that evolved into an empire of internal commerce. In 1817 James Monroe replaced James Madison as president of the U.S. The Republicans continued policies begun in Jefferson??s administration. With a new generation of leaders the Republican Party came to embrace the principles of government activism and the development of large-scale domestic manufacturing. Despite all of the promises that characterized the United States, discrepancies loomed: the survival of slavery, treatment of the Indians, the deterioration of some urban areas, and a mania for speculation. The nation was not just growing through the addition of land, but population shifts brought about new states to the Union and when Missouri petitioned for statehood in 1819, the issue of slavery was thrust on the national agenda. Thomas Jefferson wrote that the issue awakened him "like a firebell in the night." That the Missouri question coincided with the nation??s worst financial crisis awakened anxieties in many Americans. By the 1820??s Americans recognized a rough regional specialization: plantation-style export agriculture in the south, a north built on business and trade, and a frontier west. The regions were interdependent but in time their differences would become more obvious, more important, and increasingly more incompatible.