Question

Who was socially affected by the market revolution?

Answer 1

The market revolution sparked explosive economic growth and new personal wealth, but it also created a growing lower class of property-less workers and a series of devastating depressions, called “panics.”

Answer 2

The Market Revolution was a fundamental transformation of the United States economy throughout the first half of the 19th century, primarily due to the widespread mechanization of industry and the expansion and integration of various economic markets both domestic and foreign.

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