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Economic effects of the industrial revolution in america
Economic effects of the industrial revolution in america
Economic effects of the industrial revolution in america
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After the civil war, businesses began to become big, they grew significantly in size, number and mostly in influence. Different corporations and businesses grew so much that they had a big effect and so much power and control in America. the businesses began to influence the people of america, the politics and the economy in america. As these companies and businesses grew, some became really powerful which was a good and bad thing. In post-Civil War United States, big businesses and corporations grew with both positive and negative impacts on politics, the economy and the responses of Americans. Corporations growing was beneficial to the economy, mainly because of the costs of different things. Indexed prices between 1870-1899 are shown in Document A. The document shows the food prices and fuel and lighting prices declined a lot. It also shows how the cost of living declined only a little not as much as the food, fuel and lighting prices. Different mining and lighting technologies led to fuel and lighting prices being reduced. Mass production in general led to cost of living prices being reduced. There was improved agricultural technology which led to food prices being reduced (as shown in Document A). The prices falling for local agricultural products worried local farmers as there wouldn’t be profit for them while there’s mass production and technology advancements. Post-civil war america was controlled by big corporations of people like Rockefeller and Carnegie. Some of these people, tried to use the changes in america to benefit the poor. Document E talks about how wealthy men should be trustees for the poor (to benefit the economy), how they should make trust funds for the “most beneficial results for the community”. in docum... ... middle of paper ... ...enying people work), delay trials and lawsuits. it shows how they control the government, the people corrupt the communities and control the press. it shows that railroad presidents have control over the fuel and food supplies to the nation and the freight prices. Businesses expanding allowed women to work. Document J is a picture that shows women in the same dresses typing. it shows how the technology has advanced and their people’s responses to it. In post-Civil War United States, big businesses and corporations grew resulting with positive and negative impacts on politics, the economy and the responses of Americans. corporations and big businesses had a great impact in america because they had power that resulted with negative and positive impacts. The economy and responses of the americans show how much impact and the effect of the growth of the corporations.
The Civil War had a very large affect on all of the States. It changed men from gentlemen that went to church every Sunday and never cussed to people who rarely went to church and cussed all the time. Some of the people in the war were also very corrupt and did not do things as they should be done. The way that the enemy was looked at was even changed. All of these things were talked about in "The Civil War Diary of Cyrus F. Boyd".
Accurately established by many historians, the capitalists who shaped post-Civil War industrial America were regarded as corrupt “robber barons”. In a society in which there was a severe imbalance in the dynamics of the economy, these selfish individuals viewed this as an opportunity to advance in their financial status. Thus, they acquired fortunes for themselves while purposely overseeing the struggles of the people around them. Presented in Document A, “as liveried carriage appear; so do barefooted children”, proved to be a true description of life during the 19th century. In hopes of rebuilding America, the capitalists’ hunger for wealth only widened the gap between the rich and poor.
The chain of letters reveals the beginning of a major change that will happen in the near future, supporting the development of women's rights. Industrialization had a major impact on the lives of every American, including women. Before the era of industrialization, around the 1790's, a typical home scene depicted women carding and spinning while the man in the family weaves (Doc F). One statistic shows that men dominated women in the factory work, while women took over teaching and domestic services (Doc G). This information all relates to the changes in women because they were being discriminated against and given children's work while the men worked in factories all day.
It is true that the Civil war saw the beginning of a decline of individual economic opportunity. During an era known as "The Gilded Age" lasting from the end of the war until 1900, large corporations dominated the U. S. economy. The population went from being composed of predominantly farmers and small business owners to large business owners and shareholders. Technology began to revolutionize corporations, such as the construction of national railroads. Big business also led to monopolies, where one company would have full control over a specific area leaving others struggling. To resist big business labor unions, such as the American Federation of Labor, formed although they were usually no competition for big corporations. Between the end of the Civil war and 1900 manufacturing increased by four times leaving many farmers and small business owners moving to the city. After the stock market crash of 1929 everyone seemed to suffer an economic decline and it was no longer limi...
wonder how the Civil War has affected different aspects of the United States over the years. If
In the late nineteenth century known as the Gilded Age (or the Reconstruction period) and the early twentieth century known as the Progressive era, the nation went through great economic growth and social change. Beginning from the 1870s, there was rapid growth in innovations and big businesses. This could be because there was population growth and when there is population growth, there is a high demand of products and other necessities in order to strive in society. Many immigrants from Europe, mostly from the eastern and southern Europe, and Asia moved to American cities. Additionally, farmers from rural America desired to increase economically in society and since corporations ruled and political problems occurred, they decided to move into the cities. Afterwards, the 1900s started with the dominance of progressivism which many Americans tried to improve and solve the problems that were caused or had arisen because of the industrialization of the Gilded Age. It was basically the time when progressives fought for legislations like regulation of big businesses, end of the political corruption, and protection of the rights of the people: the poor, immigrants, workers, and consumers. Thus, between the periods 1870 to 1920, big businesses had arisen and taken control of the political and economic systems through corruption and innovations. In response, American citizens reacted negatively and formed labor unions and political systems to diminish the power that large corporations had in America.
The era that marked the end of civil war and the beginning of the twentieth century in the united states of America was coupled with enormous economic and industrial developments that attracted diverse views and different arguments on what exactly acquisition of wealth implied on the social classes in the society. It was during this time that the Marxist and those who embraced his ideologies came out strongly to argue their position on what industrial revolution should imply in an economic world like America. In fact, there was a rapid rise in the gross national product of the United States between 1874 and 1883. This actually sparked remarkable consequences on the political, social and economic impacts. In fact, the social rejoinder to industrialization had extensive consequences on the American society. This led to the emergence of social reform movements to discourse on the needs of the industrialized society. Various theories were developed to rationalize the widening gap between the rich and the poor. Various reformers like Andrew Carnegie, Henry George and William Graham Sumner perceived the view on the obligation of the wealthy differently. This paper seeks to address on the different views held by these prominent people during this time of historical transformations.
America has gone through many hardships and struggles since coming together as a nation involving war and changes in the political system. Many highly regarded leaders in America have come bestowing their own ideas and foundation to provide a better life for “Americans”, but no other war or political change is more infamous than the civil war and reconstruction. Reconstruction started in 1865 and ended in 1877 and still to date one of the most debated issues in American history on whether reconstruction was a failure or success as well as a contest over the memory, meaning, and ending of the war. According to, “Major Problems in American History” David W. Blight of Yale University and Steven Hahn of the University of Pennsylvania take different stances on the meaning of reconstruction, and what caused its demise. David W. Blight argues that reconstruction was a conflict between two solely significant, but incompatible objectives that “vied” for attention both reconciliation and emancipation. On the other hand Steven Hahn argues that former slaves and confederates were willing and prepared to fight for what they believed in “reflecting a long tradition of southern violence that had previously undergirded slavery” Hahn also believes that reconstruction ended when the North grew tired of the 16 year freedom conflict. Although many people are unsure, Hahn’s arguments presents a more favorable appeal from support from his argument oppose to Blight. The inevitable end of reconstruction was the North pulling federal troops from the south allowing white rule to reign again and proving time travel exist as freed Africans in the south again had their civil, political, and economical position oppressed.
...ay to the rise of big business. Americas population was increasing, many citizens were employed and making money, and more eager to spend. Some of the businesses got too big and antitrust acts, such as the Sherman anti-trust act, were passed to control the powers of monopolies and their owners. Not only were there monopolistic companies in the corporate world, there were monopolies in the railroad business as well. The control of railroads became an issue in politics over the abuses and operations of the rail systems. Soon, the federal agencies Interstate Commerce Commission was formed as the first regulatory agency to control private businesses in the public?s interest. More and more control was placed upon Americas businesses and corporations and from this grew unions, as well as conflicts between management and labor, all of which exist today.
Of the seven deadly sins, the one that has plagued the United States the most throughout its history is greed.. Greed -- i.e., "the excessive desire to possess wealth or goods with the intention of keeping it for oneself." – can be seen in 1614, when Thomas Hunt sailed to Spain from his expedition in America with a ship packed with Patuxet Indians, bound to be sold into slavery. It can also be seen in 1773 as a major factor of the Boston Tea Party, where King George III was yearning for more control over colonial governments and hungry for the revenue from it. Greed can also be seen in 1830 during the Indian removal act, where President Andrew Jackson (backed by many other white Americans) signed a law that forced the five civilized tribes (Creek, Choctaw, Cherokee, Seminole, and Chickasaw) off of their land and dragged to different territories in Oklahoma. In each of those instances, greed served as the ultimate cause of behavior. Despite the many factors that played a significant role in the American Civil War, greed once again served as the catalyst and ultimate cause of the American Civil War. While anti-slavery movements, the idea of states' rights and the vision of "one union" each represented powerful arguments (or justifications for plunging the United States into civil war), the ultimate cause stemmed from fundamental differences between the "North and South" over control of economic power – i.e., modes of production, property, and money.
From the late 1800s to the early 1900s, the Gilded Age was a time of American inventions and innovation. As the work place transitioned from rural plantations to industrialized cities, specialized farmworkers stood no chance against a handful of powerful businessmen. A large majority of the socioeconomic power resided in the hands of large corporations, as they dominated the economy and its workers. In Makers, Takers, and Fakers, the author specifically targets Andrew Carnegie and John D. Rockefeller who monopolized the steel and oil industries, respectively. Although the author believes the development of the large corporations during the Industrial Revolution hindered the pursuit of the individual’s American Dream, the large businesses actually set the foundation for today’s economy and offered new opportunities for success.
Transportation advances began a unification process across the country, both economically and culturally (Roark, 262). The United States finally started to take advantage of the natural resources of the land to benefit the economy. By having water powered equipment, the growth of factories mushroomed, but at the same time, caused a great issue with working conditions and the employment of women. Financing new ventures became an important facet during the market revolution. America’s money supply grew considerably, which led to increased investment opportunities.
Among the many changes during the Gilded Age, large corporations became powerful forces in American society. New technologies in communication and transportation allowed for a national marketplace and fueled industries including the railroad and telegraph grids. The wealth of this expanding industry became increasingly concentrated in the hands of a relative few. Often by gaining a monopoly in their respective markets, these “Robber Barons” amassed wealth and notoriety, making names for themselves that remain recognizable even today like Carnegie, Vanderbilt and Rockefeller. In 1890, the Sherman Anti-Trust Act was passed to combat these large trust-based monopolies as the power of the large corporations invited abuses of government and individuals (America’s Library).
The American Civil War drastically changed communications in America by introducing new means of communication, and improving on old ways. Before the Civil War, you would need to speak to someone in person to tell them important news, or just to chat. During an after the Civil War, there were new and more efficient ways to communicate without taking a carriage to get somewhere or sending a soldier out onto the fields to tell a general something. You could do things like send a telegraph or a letter using the Postal Service. If it’s national news, and everyone needs to know about it, like the assassination of President Lincoln, you could publish it in a newspaper. The Civil War impacted America’s communication.
Although the American Civil War mainly occurred because of slavery, the fact is that slavery had a lot to do with economic and social issues.