The Market Revolution: Crash Course in American History #12

In which John Green talks to you about the market revolution. In the first half of the 19th century, the way people lived and worked in the United States changed dramatically. At issue was the classic American struggle (if anything in a 30-year-old nation can be called classic) between the Jeffersonian ideal of individuals living on small farms and the Hamiltonian vision of an economy based on manufacturing. and trade. I'll give you an idea who won. Too late! It was Hamilton, which is why if you live in the United States, you probably live in a city and are unlikely to be a farmer. Please resist the urge to comment on this topic if you live in the country and/or are a farmer. Your anecdotal experience doesn't change the fact that most people live in cities. In the early 19th century, new transportation and communications technologies helped reshape the country's economic system. Railroads and telegraphs changed the way people transported goods and information. In short, the market revolution means that people now go to work somewhere rather than working at home. Often this was a factory where they worked for an hourly wage rather than being paid for the volume of goods they produced. This evolution in working methods has repercussions in our daily lives to this day. Watch John explain how the market revolution sowed the seeds of change in how Americans viewed the role of women, slavery, and labor rights. Also check out John at high school wearing his academic Decathalon medals.

Hello Teachers and Students – Check out CommonLit's free collection of reading passages and teaching resources to learn more about the events in this episode. As America invested in its market economy, some transcendentalists resisted the rise of production and consumerism at the expense of individual freedoms, notably Henry David Thoreau in his book Walden: https://www.commonlit.org/texts /excerpt-from-walden
Ralph Waldo Emerson also promoted transcendental values in his essay “Self-Reliance”: https://www.commonlit.org/texts/excerpt-from-self-reliance

Chapters:
Introduction: The market revolution 00:00
The era of good feelings 1:00
New technology in transportation 1:43
Steamboats and canals 2:45
Railways and Telegraphs 3:35
Factories and interchangeable parts 4:02
The rise of modern banking 4:51
Encourage competition 5:37
Work and life during the market revolution 6:29
Westward Expansion & /"Manifest Destiny/" 8:32
Mystery Document 10:09
Transcendentalists 11:28
Wealth disparities after the market revolution 11:53
Credits 13:33

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