Final answer:
The market revolution in early 19th-century America marked a transition to capitalism as supply, demand, and price became central to economic transactions, a significant cultural shift that redefined societal values and notions of success around individual enterprise and progress.
Step-by-step explanation:
The market revolution was a fundamental transformation in the early 19th century that shifted the United States from a pre-capitalist economy based extensively on home production and local commerce to one characterized by factory production and long-distance market transactions. Traditional social norms and relationships that once dictated economic transactions were replaced by a new system where supply, demand, and price determined the value of goods and services. T
his drastic change in economic thinking and practice was due, in part, to cultural movements that helped Americans to embrace the principles of capitalism. As historian John Lauritz Larson puts it, in a capitalist economy, "money alone mobilized goods and people," a stark contrast to the social-driven exchanges of the past. Through advances in technology, such as the development of interchangeable parts and the integrated mill, the market revolution led to a dynamic change in the U.S. economic landscape, which was further fueled by the entrepreneurial spirit in the post-War of 1812 era.
The influence of culture on this shift cannot be understated. It played a crucial role in helping individuals transition to this new economic order by redefining success and societal values around concepts like progress, innovation, and individual enterprise, embodying the spirit necessary for a thriving capitalist society.