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The Market Revolution in the 19th century United States is a historical model that describes how the United States became a modern market-based economy. During the mid 19th century, technological innovation allowed for increased output, demographic expansion and access to global factor markets for labor, goods and capital.
Palen, Marc-William. "The Civil War’s Forgotten Transatlantic Tariff Debate and the Confederacy’s Free Trade Diplomacy.” Journal of the Civil War Era 3#1 (2013), pp. 35–61, online. Paskoff, Paul F. "Measures of War: A Quantitative Examination of the Civil War's Destructiveness in the Confederacy", Civil War History (2008) 54#1 pp 35 ...
The Civil War occurred during the early stages of the industrial revolution, leading to naval innovations, notably the ironclad warship. The Confederacy, recognizing the need to counter the Union's naval superiority, built or converted over 130 vessels, including 26 ironclads. [103]
The telegraph was used to dispatch news from the fronts of the Mexican–American War, coordinate Union troop movements during the Civil War, relay stock and commodity prices and orders between markets on ticker tape, and conduct diplomatic negotiations after the Transatlantic telegraph cable was laid in 1866.
The American Civil War (1861–1865) was partly triggered by the tariff question. Southern agricultural states opposed any form of protection, while northern industrial states wanted to maintain protection. The fledgling Republican Party led by Abraham Lincoln, who called himself a "Henry Clay tariff Whig", strongly opposed free trade. Early in ...
During the Civil War the key policy-maker in Congress was Thaddeus Stevens, as chairman of the Ways and Means Committee, Republican floor leader, and spokesman for the Radical Republicans. Although he thought Lincoln was too moderate regarding slavery, he worked well with the president and Treasury Secretary in handling major legislation that ...
The Civil War had collapsed the Democrats' national machine and given the GOP the chance to entrench its own national machine that held for 70 years. Republicans fully took credit for winning the war and abolishing slavery, and were firmly established as the party of big business, the gold standard, and economic protectionism.
Events leading to the American Civil War Dred Scott , an enslaved African American, who unsuccessfully sued for his freedom. The resulting 1857 Supreme Court decision angered Northern anti-slavery forces, escalated tensions, and led to secession and war.