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The Market Revolution, which transformed the U.S. economy in the early 19th century, generally led to a decrease in the cost of manufactured goods due to increased production efficiency and the rise of factories. Innovations such as the steam engine and the assembly line enabled mass production, which reduced costs. However, while some goods became cheaper, others may have seen price increases due to factors like demand or the costs of raw materials. Overall, the revolution made a wider variety of goods more accessible to consumers.
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How did British regain their market for manufactured goods in America?
To regain the market for manufactured goods in America the British by reducing the cost of the goods they produced. By reducing the cost of the goods produced the British started making money and export more goods.
What were the economic conditions that fueled support for foreign trade?
a huge increase in the amount of manufactured goods
What was the change in the way Americans made bought and sold goods called?
The market revolution
What best describes an increase in the general market prices of goods and services?
Inflation
List and explain two different factors that can change demand that is not related to price?
An increase in income would change a person purchasing power. This would lead to an increase in demand for normal goods. Normal goods are goods that you would buy more of the greater your income is. An increase in population would also increase demand as there are now more people in the market to buy the goods.
In this revolution goods were bought and sold?
Market Revolution
How did the production of goods change during the industrialization revolution?
manufactured goods were made in factories
How did the production goods change during the industrial revolution?
manufactured goods were made in factories
How did British regain their market for manufactured goods in America?
To regain the market for manufactured goods in America the British by reducing the cost of the goods they produced. By reducing the cost of the goods produced the British started making money and export more goods.
In this revolution more goods were bought and sold?
Market Revolution
What changes were made in the production of goods as a result of the industrial revolution?
Manufactured goods were made in factories.
Why did northerner industrialists favor protective tariff's?
To reduce competition from foreign grain producers. Northern America industrialists increase the demand for American. This is for manufactured goods.
How did the Market Revolution affect the prices?
The Market Revolution made more goods available for sale, which lowered prices.
Why did industrialist favor protective tariffs?
It would increase the demand for American manufactured goods. Tariffs would also increase the money generated by the sale of those goods.
What factors are affecting market growth?
factors affecting growth of markets : 1. the demand of different goods and services affects the growth of market..if ther e is a increase in demand of goods n services only then there will be an increase or expansion of market ..markets increase if there is a increasing demand for goods and services. to cope up with this increase the markets tend to grow. 2. Introduction of new goods and services in market also helps in growing the market. 3. also as the number of seller or we can also say the companies producing goods or offering services increase ..there will be automatically an increase in markets or we can say growth in market.
Why was improved transportation for the industrial revolution revolution?
There needed to be an affordable way to ship products. Better transportation lowered the cost of manufactured goods.
How do consumption effects goods market?
It's a 'supply and demand' scenario. The more goods that are sold - the more need to be manufactured to replace them.
