Question

Describe the key developments that combined to create the market revolution and by assessing the impact of each development. When you are finished, consider the relationship between each of the developments. How did improved transportation facilitate industrialization?

Answer 1

Answer & Explanation:

1. The key developments that combined to create the market revolution and by assessing the impact of each development.

• The Key development that combined to create the Market Revolution is Rapid improvements in transportation and communication;
• The production of goods for a cash market and;
• The use of inventions and innovations to produce goods for a mass market.

2.The impacts of each key development brought about a complete shift in paradigm from the traditional-manual way of doing things to the scientific -innovative ways.

3. The relationship among each of the key developments is interwoven because "the Production of goods for Cash Market was brought about by inventions and innovations to produce goods for the mass market which were been distributed by the improvement in transportation and communications."

4. How did improved transportation facilitate industrialization?

Improvement in transportation facilitated industrialisation through the Transportation Revolution. The expansion of internal American trade greatly increased with the adoption of canals, steamboats, and railroads. These collective advances in these technologies became known as the Transportation Revolution. These new means of transportation facilitated the movement of goods from the point of production to the point of consumption. People from distant lands had access to goods produced in other faraway areas.

Moreover, the Railroads of all the advancements in the Transportation Revolution was the most significant. The construction of railroads became imperative. The first railroads carried goods for short distances, but the idea of a railroad sparked an interest.