During the periods of 1865 through 1945, the United States went through a series of highs and lows. Almost like a teenager going through his or her first years of high school, this era was an emotional rollercoaster for most Americans. From the drastic improvement of technology innovation, to economic decrease; The United States never had stable good or bad era because of events such as The Second Industrial Revolution and The Great Depression.
In the early 1870s, the United States began booming in economic growth; making the country a very promising time for Americans to start earnings wages. Due to the growth in jobs and economy, The Second Industrial Revolution was born. For example, Eric Foner, the author of Give me Liberty stated,“the country enjoyed abundant natural resources, a growing supply of labor, an expanding market for manufactured goods, and the availability of capital for investment….”(Foner, 2014, page 593). The new territories that the United States acquired after the Civil War gave Americans motivation to innovate their country through the industrial industry. Jobs such as factory production, mining and railroad construction were all in high demand and gave thousands of unemployed Americans and immigrants employment. During The Second Industrial Revolution, employers
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It was a period where economic growth, technological innovation and labor demand was at it’s all time high during The Second Industrial Revolution. Consequently, this was also a period where the nation hit it’s all time low and gave birth to the United States greatest economic downfall, the Great Depression; nearly destroying the nation. No matter how high or how low the United States got, one thing is known from these situations, and that is nothing lasts forever. No matter how great a nation is, it will always fall somehow and no matter how bad a nation gets, it will get better
During the early 20th century, the United States was going through various drastic changes in a short period of time. The United States was swept away by an economic boom in the 1920's that was filled with promises of abundance and prosperity. This was the turn of the Glided Age, which witnesses the growth of tremendous fortunes and industrial capacity amid economic uncertainty and the advent of the modern America. Turning point for the United States because it resulted in becoming a global consumer power. The mass-production and mass-consumption flourished during this time period and as a result, it was the result of the Urbanization if the United States.
Some Americans could enjoy the changes since the market revolution whereas others saw it as the end of their liberty. Farmers were happy before the market revolution they had the freedom to be their own boss. However, after the market revolution, they were forced out of their home, breaking up families and the community system, which was a form of support. “Although many Americans welcomed the market revolution, others experienced it as a loss of freedom. Especially in the growing cities of the Northeast, economic growth was accompanied by a significant wondering of the gap between wealthy merchants and industrialists, on the one hand, and impoverished factory workers, unskilled dock workers, and seamstresses laboring at home, on the other.
Following the first industrial revolution was the second in the 1880’s. This revolution was centered on steal, oil, railroads and electricity. Again there was a massive demand for unskilled workers to man the assembly lines and equipment in the factories. The
In 1929, the U.S. was hit with the worst economic crisis in the history of the country, the Great Depression. The Great Depression left millions of people unemployed and cost millions their life's savings. The Depression lasted for ten long years for the American people. Since the Great Depression ended, people have studied it, trying to figure out what happened that started it all. The problem was, in fact, the poor economic habits of the people at the time, such as speculation, income maldistribution, and overproduction.
Between the year of 1865 and the year of 1920, the United States moved towards becoming a more industrialized and developing society. With this change taking place, resulted in improvement with how people live with family and earned money differently. The three major aspects of industrialization during the 1865 and 1920 that influenced the politics, economy and society of the United States are: entrepreneurship, technology, as well as transport and communication network. Entrepreneurship: the period after the Civil War from 1865 to 1920 was characterized by fast economic growth in the country.
This essay will examine the reasons why historians have called “The Gilded Age” to the era between 1877 and 1900, in which poverty, massive immigration, racism and corruption were the base metal of a nation that was gilded with industrialization and sudden wealth in order to make it look perfect with a shine finish. During the XIX century, United States suffered an important economic growth that took place after the civil war and the reconstruction era. The end of the war had a very decisive influence in the industrial development of the nation, giving a strong boost to it, causing a strong demand for many goods and a vertical rise in prices. The progress of American industry has had its repercussions to this day.
During the “Gilded Age”, America made numerous improvements to the functions and development of society. This was a time of renaissance in the United States, shortly after leaving a state of depression caused by the civil war and the reconstruction of our nation from World War I. We made break thorough advancements and improvements that allowed us to be where we are today. The “Gilded Age” was pivotal to the growth of our nation as a whole and led us to be as developed as we are. The three most important improvements to America through the “Gilded Age” were industrialization, transportation, and the appearance of wealth.
Economic Change in America Change is relevant within every time period, however, very substantial changes took place in the Americas following the War of 1812. Future success of the American society was to be dictated by the support the federal government supplied to domestic manufacturing and infrastructure to make drastic improvements economically. The imposition of high tariffs, advancements in transportation and the development of the cotton gin are among the most important changes made in the United States during this time.
After WWII, society took a drastic change for the better in America. America had just gone through the Great Depression, which was the deepest decline in America’s whole history and everyone was affected. Numerous people lost their jobs and were no longer able to afford basic necessities like a house, food, and water. Many could no longer support their families and had nothing. This was all in result of the market crashing, sending the economy into a downward spiral.
The decade between 1890 and 1900 expressed a crucial time in the United States of America’s history. Many people experienced struggles throughout this time while others prospered. Mark Twain suggested that despite the significant achievements of the United States, Americans experienced poverty. This statement is an accurate description of the lively hood people experienced in their daily lives during the Gilded Age whether it was positive or negative. Many people during this time period focused on the positive outcomes that resulted from the Gilded Age such as new inventions, the gospel of wealth, additions of land to the country, urbanization, and middle-class improvements.
The Second Industrial Revolution, which peaked between 1870 and 1914, was aiming to expedite the extraction of the gold from the mines, railroads had to be laid to reach across the land to the ports for global trading (Engelman, Ryan). This made factories call in more and more workers, and in 1880, five million Americans were industrial employees. (Lutz, Alexandra) Compared to the First Industrial Revolution where only few laws or regulations existed for the workers, more labor laws were created during the Second Industrial Revolution, aiming to ensure the safety of the workers. A series of further Acts, which was regulated during 1860 and 1872, aimed to strengthen the safety provisions of the workers.
The country was improving public health, health care, as well as increasing labor protection and environment protection. Due to industrialization, factories became a very big part of the US economy. Factories created so many jobs, even children joined the workforce. This was a time like no other, entire families would have jobs. Workers, upset with big business owners began to try and improve their working conditions and created labor unions.
The Industrial Revolution brought to America new technologies to manufacture and produce goods in quantities unseen before. In the aftermath of the Industrial Revolution new companies were learning how to monopolize and take advantage of the public, these companies would eventually effect America in more ways then one. During the late 1800’s and the early 1900’s many working class individuals lived in poverty because of the formations of monopolies and trusts. A trust is a basically another word for monopoly, which means one large business that corners a market and has no competition allowing it to raise their prices however they choose.
Today, America is one of the world 's great superpowers and has an amazing economy. America was not always that way, and not too long ago it used to be in a time of great depression. It was going to take a huge event to turn the economy around. Luckily, america had a war brewing that was going to spark an outburst of income, jobs, and business. This war was called World War Two and it had many causes and effects on america.
During the “Roaring 20s”, everything seemed to just keep getting better and better-stocks kept rising, people could buy more things with installment buying-but little did they know, the Great Depression would soon be upon them. In 1929, the stock market crashed which caused millions of people to go in debt. Before anyone knew it, banks were closing, people were losing their jobs and men and teens were forced to roam the country in search for work. People began to turn against the current president, President Herbert Hoover, and to a new person, Franklin D. Roosevelt. Roosevelt came up with a plan to help aid America called the New Deal.