Mass migration from Europe, the completion of industrialization, the market revolution, and an industrialized economy were a few of the economic and social factors that contributed to the growth of the Republican Party.
The market revolution brought unprecedented economic expansion and personal prosperity, but it also gave rise to a rising lower class of propertyless laborers and a string of cataclysmic depressions known as "panics." Many Americans struggled to make ends meet while working for pitiful pay.
The Market Revolution, which took place in the first half of the 19th century and was largely attributed to the industry's widespread mechanization as well as the expansion and integration of numerous domestic and international economic markets, represented a fundamental change in the American economy.
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