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1815-1850: Business and the Economy

1815-1850: Chapter Three: Business and the Economy

by J. JACOB JONES

CONTENTS

CHRONOLOGY 64

OVERVIEW 69

TOPICS IN THE NEWS

Agriculture in the North 70

The Artisans World 72

Cotton Kingdom 75

Capital of the Cotton Kingdom 75

Financing the Market Revolution 77

Panic in the Streets 77

From Farm to Market 79

The Land Business 81

Land Auction 81

The Lowell System 83

Middlemen and Foreign Trade 85

Mobility and Class 87

The Free Barber of Natchez 87

Retail 88

The Rise of the Factory 89

Blue Monday 89

Women at Work 91

When the Spinning Wheels Fell Silent 91

HEADLINE MAKERS

John Jacob Astor 92

Sarah Bagley 93

Samuel Colt 94

Chauncey Jerome 95

Cyrus Hall McCormick 95

PUBLICATIONS 97

Sidebars and tables are listed in italics.

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