Final answer:
The market revolution resulted in an economic transformation towards factory production and a social shift toward contractual and monetary transactions over personal relationships.
Step-by-step explanation:
One economic consequence of the market revolution was the shift from home production to factory production, which fundamentally transformed the United States' economy. This shift led to a new economic system where the production and distribution of goods were governed by supply, demand, and price, rather than social relationships. As a result, the United States developed a strong domestic market, less reliant on imports and exports, and saw the rise of private entrepreneurship.
Simultaneously, a social consequence of the market revolution was the change in social transactions. Where previously, economic transactions were heavily influenced by personal relationships and social standing, the market revolution introduced a system where contracts and monetary transactions became the norm. This change led to a more anonymous market system, where economic transactions were determined by prices and the ability to meet contractual obligations, disregarding previously important social ties.