THE VIRGINIA DYNASTY 1801 1825
AMERICAN INDUSTRIALIZATION FACTORY SYSTEM AND MARKET REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Americas economy improved greatly because Congress printed money for the war effort
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More factories were created because we were no longer able to purchase goods from Britain
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The war resulted in America winning sole fishing rights off the coast of the New England states
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American farmers began planting more cotton to replace worn uniforms of U.S. soldiers
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Detailed explanation-1: -The War of 1812 provided tremendous stimulus to American manufacturing. It encouraged American manufacturers to produce goods previously imported from overseas. By 1816, 100, 000 factory workers, two-thirds of them women and children, produced more than $40 million worth of manufactured goods a year.
Detailed explanation-2: -The War of 1812 revealed the necessity for a better transportation system, economic independence, and independent markets. After both of these events, Americans began to produce their own goods. They began to think of innovative, efficient ways to improve the economy. They began the Industrial Revolution.
Detailed explanation-3: -How did the War of 1812 most affect the U.S. economy? Disruption in trade contributed to domestic industrial growth. Small farmers benefited from higher export prices for grain crops. The sale of treasury bonds to international companies was prohibited.
Detailed explanation-4: -The War of 1812 led to a British blockade of the United States eastern coastline, which brought shipping and fishing to a halt. Cut off from the sea, Americans began focuses more heavily on manufacturing in order to make money and create the goods they couldn’t get through trade.