Sellers, Charles. The Market Revolution: Jacksonian America, 1815 – 1846. New York: Oxford University Press, 1991.

== Summary ==
As
the title suggests, this book examines the impact of the market revolution and
how it influenced patterns of behavior and belief, mobilized collective
resource through government, and established capitalist hegemony over economy,
politics, and culture. It was an economic and cultural revolution. Charles
Sellers describes the Jacksonian Era as one driven by a tension between market
and democratic forces, rather than the traditional liberal ideology of seeing
the two as twin sides of the same coin. He writes: “Contrary to liberal
mythology, democracy was born in tension with capitalism, and not as its
natural and legitimizing political expression.” The market revolution caused
immense stress for Americans having to adapt to its new realities. He
characterizes this showdown as in part a cultural one (infused with religious
discourse) between "antinomian" democracy and an "arminian"
middle-class bourgoise. The antinomian side emphasized New Light religious
revivalism, communalism, and traditional patriarchal forces. The arminian bourgeois
emphasized a more restrictive Moderate Light evangelicalism that stressed
restraint, control, and bolstering the role of the market. However, as the
Jacksonian era progressed the middle-class arminians learned to co-opt elements
of antinomianism to extend their bourgeois cultural hegemony, with sexual
restraint, contractual individualism, and material accumulation becoming the
main measures of human progress. This tension emerged most forcefully in the
aftermath of the War of 1812 and in particular with the twin crises of 1819:
the financial panic and the Missouri Compromise. During the 1820s National
Republicans advanced the cause of antinomian commerce, but their efforts were
already under siege by the 1824 election. The tension reached its peak clash
during Andrew Jackson's presidency in 1828, when Sellers argues that Jackson
led a democratic insurgency against capitalism and achieved more in this
struggle than it would ever have again - primarily through Bank Wars and money
policy. Under Jackson,
bottom-up democratization reached the peak of its control over monied
interests. This dissolved, however, as Jackson's hard-money policies could only
maintain their coherence at the federal level and left state-level democratic
insurgencies vulnerable. With the Panic of 1837 and the Whigs' adoption of
popular politicking in the 1840 election, the pendulum swung solidly back
towards the capitalist bourgeois.
Example: Whigs coopted Jacksonian democracy: They
wrapped entrepreneurial intent in democratic rhetoric. For example, Whigs attacked banks (democratic populism) less of
subverting the use value ethos (workers argument) then for the exclusive
charters that blocked equal access to commodity value competition. 
See also: Christopher Clark, Scott Sandage, Joyce Boydston,