About: Market Revolution

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The Market Revolution in 19th century United States is a historical model which argues that there was a drastic change of the economy that disoriented and coordinated all aspects of the market economy in line with both nations and the world. Charles Grier Sellers (1927–2021), a leading historian of the Market Revolution, portrayed it as a highly negative development that marked the triumph of capitalism over democracy. He argued that this was one of the most significant transformations of America within the first half of the nineteenth century—indeed, the defining event of world history—the evolution from an agrarian to a capitalist society. Sellers observed:

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  • The Market Revolution in 19th century United States is a historical model which argues that there was a drastic change of the economy that disoriented and coordinated all aspects of the market economy in line with both nations and the world. Charles Grier Sellers (1927–2021), a leading historian of the Market Revolution, portrayed it as a highly negative development that marked the triumph of capitalism over democracy. He argued that this was one of the most significant transformations of America within the first half of the nineteenth century—indeed, the defining event of world history—the evolution from an agrarian to a capitalist society. Sellers observed: While dissolving deeply rooted patterns of behavior and belief for competitive effort, it mobilized collective resources through government to fuel growth in countless ways, not least by providing the essential legal, financial, and transport infrastructures. Establishing capitalist hegemony over economy, politics, and culture, the market revolution created ourselves and most of the world we know. (en)
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  • The Market Revolution in 19th century United States is a historical model which argues that there was a drastic change of the economy that disoriented and coordinated all aspects of the market economy in line with both nations and the world. Charles Grier Sellers (1927–2021), a leading historian of the Market Revolution, portrayed it as a highly negative development that marked the triumph of capitalism over democracy. He argued that this was one of the most significant transformations of America within the first half of the nineteenth century—indeed, the defining event of world history—the evolution from an agrarian to a capitalist society. Sellers observed: (en)
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  • Market Revolution (en)
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