Essay On The Gilded Age Of China
With the unbelievable speed of the development of the national transportation system and the speedy industrial growth, the United States was undergoing an incredibly economic growth during the late nineteenth century. The railroad rapidly spread all over the states and the middle class was experiencing remarkably prosperity. But behind the beautiful and glamorous cover, in the shadow of that age, the poverty of the labors; the corruption of the government; the challenges of the American democracy, were latent crisis that made the age gilded. China today is experiencing uniquely similarity of the Gilded Age of the US, and it looks exactly like a shadow of it. Highly developing transportation system; booming of the industry; progressive middle-class; …show more content…
Both of them break through the institutional barriers, and had a long-term economic growth. After the civil war, the northern industrial and commercial capitalists hold federal regime, the true sense of the unified national capitalist market development, encourage various industrial development and western development measures and the second revolution of science and technology combination. American economy realizes the rare history big economy on long-term growth in 1870 was 75.3% GDP in the UK. In 1913, USA catches up with the key period of England. The total American GDP increased 5.26 times, the British grew by only 2.24 times so America has become the undisputed world economic powers. In 1977, China was ranked 13th in the world, but 2nd in 2015. The population of the poor people of China decreased from 2.5 billion to 20 million. The foreign exchange reserves of China changed from $1.67 billion to $10.663 billion. The total import and export volume of China increased from $206 billion to $17607 billion. The massive changes are happing to a short time just after 2000, the rising of China takes China to the “Gilded Age”. In conclusion, both China and America concentrated on the development of the economic development and ignored the inequalities of society, economic and political and just make the countries into an ostensible and flashy prosperity and full of greedy and corruption in the government for a long time. But now they make great improvements to change it and become better
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108 Words | 1 PagesThe Great Leap Forward of 1958–59 initially produced sharp gains in industry and agriculture, but the zeal for increased quotas quickly resulted in undue strain on resources and quality. The Great Leap was followed by "three bitter years" of economic crisis brought on by bad harvests and the economic dislocation of the previous period. By 1961, the GNP had fallen to an estimated $81 billion, roughly the level reached in 1955. By 1965, however, a readjustment of expectations, coupled with a careful program of industrial investment, helped the economy to recover. China 's trade patterns, meanwhile, had shifted radically away from the USSR and toward Japan and Western
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Industrialization Dbq
60 Words | 1 PagesAmerica was left with an enormous problem after the civil war, thousands of unskilled people. But, through strategic decisions this would lead to tremendous industrial growth. Industrialization grew rapidly during the period of 1860-1900 as a result of a verity of factors .Technological advancements, monopolies, and political assistance would all contribute in making America one of the leading global powers.
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1449 Words | 6 PagesBut after the civil war there were many changes which took place in United States and their wealth also increased. After World War II, the United States emerged as economically stable and prosperous country. American companies were growing rapidly and both major parties of World War II were committed for making Economic reforms and keep unemployment low. Therefore the United States led a system was developed called as Bretton Woods system to equally divide the share between the nations. The US dollar was made common currency for trade which made the United States a global leader and it was advantage for United States companies to do trade in their national currency.
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Children In The Progressive Era
1124 Words | 5 PagesCorruption was rampant in politics and labor. There was a growing disparity between the rich and the poor and the large influx of migration wasn't helping this. All the while the urban middle class were experiencing a growth in this period. (pg3) Reformers were comprised mainly of the middle class.
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Essay On The Wealthy During The Gilded Age
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How Did The Gilded Age Change The Economy
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