asked 117k views
3 votes
The market revolution in America in the 1800s caused what to happen to prices?

A) Prices stayed the same.
B) Prices rose dramatically.
C) Prices dropped across the board.
D) Prices became unpredictable.

1 Answer

5 votes

Final answer:

The market revolution in America in the 1800s caused prices to rise dramatically as a result of increased production and consumer demand.

Step-by-step explanation:

The market revolution in America in the 1800s caused prices to rise dramatically. This period saw a transition from home production to factory production, where supply, demand, and price became more important in economic transactions. As the United States acquired more resources and the population increased, there was a greater availability of raw materials and land to produce goods. This led to an increase in production and consumer demand, causing prices to rise.

answered
User Jayendra Sharan
by
8.3k points
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