Impact of the Market Revolution

The Market Revolution, which took place from the late 18th century into the early 19th century, greatly influenced the United States' economic landscape. This transformation saw the rise of commercial agriculture, changes in transportation, and the growth of factory systems. With these developments, new social classes emerged, and traditional ways of life were challenged.

One notable invention that facilitated the expansion of market economy and transportation during this period was the steamboat. Steamboats allowed for faster movement of goods and people along rivers, significantly impacting trade and commerce.

Which of the following statements accurately describes the impact of the Market Revolution?