The Market Revolution generated a drastic change in the United States economy and altered gender barriers while at the same time accomplishing this in a provocative manner. This economic boom occurred around the first half of the 19th Century. The economic boom was achieved by inventions such as a transcontinental railroad system which resulted in a better transportation system which improved trade and the cotton gin which sped up the rate of removing seeds from cotton fiber. However like what the great Hugo said, “The brutalities of progress are called revolutions. When they are over we realize this: that the human race has been roughly handled, but that it has advanced”.
Triangular trade led to world economy growing rapidly as more goods were being made and traded more than ever before. In conclusion both religious factors and economic factors played a huge role in the colonization of America, but in different ways. The British wanted to ensure economic dominance through their powerful monarch. The new settlers came seeking a better life, along with wanting to create a society based on freedom. To each their
Although the government did make attempts to stop monopolies and trusts, such as the Sherman Antitrust Act, the attempts were not strong enough to make any progress. However, during the Progressive Era, this began to change—President Roosevelt, known as the “trust buster”, became the first president to join sides with the workers in their plea for reform. Following the Coal Strike of 1902, Roosevelt himself became involved with the matter, and helped to create a compromise of the sorts that, ultimately, worked in favor of the unions’ demands. Not only did this change the little pay that workers received for working countless hours, a new image of Roosevelt had been projected across America—people began to look to Roosevelt as someone they could trust to help them. In addition to this, many muckraking journalists sought to expose corruption and act as a voice for the people that corporations tended to ignore.
Nationalism had spawned the desire for imperialism within Europe and America, as it brought much pride to these countries and was a motivation to make their countries known and powerful for the sake of geopolitics. In Document B, two European men, from England and Germany respectively, both encourage acquiring new colonies as a way to strengthen and improve their countries to be the powers that they once were. It is conveyed that these nations would gain immense power through the acquisition of colonies, strengthening their pride and granting them control of the sea and trade. This illustrates a strong sense of nationalism as the driving force behind imperialism, and evidences how this nationalism fueled the ultimate goal of becoming a predominant power for the sake of geopolitics. John Ruskin, who delivered the first part of Document B, was a well-regarded English intellectual who delivered this speech at Oxford to a standing room only crowd.
America a country full of dreams coming true. People from over the globe travel to America in order to find a better life for themselves. As a newly born country, America is able to create this reality by their developing economy. The government helps sustain their increasing economic status by creating the Commerce Clause in the Constitution. The Commerce clause allows Congress to regulate trade between foreign nations, states, and Indian tribes(I.VIII.III).
Karl Marx and Adam Smith are two of the greatest economic analysts the world has ever seen: one being the father of communism, and the other of modern economics. Despite being different in thought, it was both of their ideas that created the fundamental bases of economics. As the father of communism, Karl Marx's economic model is based on government ownership of the economic wealth and its equal distribution in the society. However due to major flaws in his thinking, his theories have failed to be adopted. Due to lack of competition and profit motive one is less likely to produce goods in most effective and efficient matter.
The Industrial Revolution which originated from England, slowly began its worldwide expansion in the mid-1700. The modern world was formed through the modifications made during the time of the revolution and new imperialism. Technology advancements, fresh demands due to imperialism and more efficiently produced resources, they time period flourished for many years. The Industrial Revolution and New Imperialism resulted in both favorable and undesirable outcomes. Many sources led to the Industrial Revolution including new production requirements and technological enhancements.
Modern economic value can be described as a mixture of many philosophies into one philosophy. However two prominent philosophers, Adam Smith and Karl Marx, find their theories on economic value at the opposite ends of the spectrum. Smith’s writings on capitalism, and Marx’s writings on communism have created a fair amount of conflict throughout history. The well-known conflict called the Cold War featured two powerful nations who found themselves on the opposite sides of the economic values system. Smith’s and Marx’s philosophies found themselves at the forefront of a twentieth century conflict and their differences were at the forefront of the battle.
Moreover, document six shows the trading routes from different European countries and resources traded. It demonstrates that many riches come into Europe from the Age of Exploration. This increase in wealth and European power, caused by the Age of Exploration, was an accomplishment that set off the Renaissance. Document nine strengthens this argument by showing all the negative coming to the Americas while the great supplies are traveling to Europe. In contrast to document six, document nine has many of the diseases and shows that Europe is benefiting the most in this trade network.
Imperialism established a framework for the conduct of international relations throughout the 19th and early 20th centuries all throughout Europe and then to America. As the Europeans were experience a massive growth in population, it brought the growth of nationwide economies, including the development in shipbuilding and navigation, so that they could compete more effectively in the mercantile trade, which was gaining momentum during the earliest 19th century. As we discussed in class, that the rebirth of commerce also gave a powerful impulse to the forces of centralization and nationalism, it also builds an authoritative new monarchic nations. These monarchic leaders tried to unite their claims by using power, thus encouraging and promoting the economic development of their nations. European nations involved in the trading system with the wealthy nations of Asia, Africa and the New World, wanted better and more effective routes of transportations.
One document that should be included is a party platform of a political leader who does not believe that socialism is the answer. Particularly is the writing of Thomas Malthus who had, in one of his earlier work, argued that by increasing wages, it would increase the life span of people and our population would become unsustainable. It would be interesting to read a letter or a written diatribe from him, criticizing the works of socialists. This would provide another viewpoint to the time period because it would show that not all political groups or people believed that socialism was the best way to solve the problems that plagued the working class. The audience of this document would most likely be the public and the socialists, but not the poor who were unable to read.