- The Market Revolution which occurred in the United States, in the 19th century, is a historical model which argues that there was a drastic change of the economy, which disoriented and deordinated all aspects of the market economy in line with both nations and the world
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Market Revolution facts
- Charles Sellers, a leading historian of the Market Revolution, portrays it as a highly negative development that marked the triumph of capitalism over democracy
- He argues that this was one of the most significant transformations of America within the first half of the nineteenth century—indeed, the defining event of world history—the evolution from an agrarian to a capitalist society
- Sellers observes:nWhile dissolving deeply rooted patterns of behavior and belief for competitive effort, it mobilized collective resources through government to fuel growth in countless ways, not least by providing the essential legal, financial, and transport infrastructures
- Establishing capitalist hegemony over economy, politics, and culture, the market revolution created ourselves and most of the world we know
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