Through the process of industrialization and urbanization, America was able to transition from a small agrarian economy to an industrial economy that doubled. When I visualize America without the positive or negative effects of the Gilded Age, I see a small country that is isolated from others, with a poor economy that is unprofitable and weak. I imagine a country that is dominated by one race and restricted from the power of other countries. As you can infer, I firmly believe that the Gilded Age played an active role in helping America become a world power. It offered several opportunities for America to grow as a nation through its economic, industrial, and social changes.
The first way that the economy was impacted was that with the ease and efficiency of the railroads, they created a large demand for goods and labor because they needed a lot of people to help build the railroads and also needed a large quantity of steel for the rails and wood for the railroad ties. Secondly the railroads created a huge national market because of the simplicity of delivering goods from place to place. The railroads helped the people in even the most rural place prosper with the cost efficient transportation of the trains. From 1830 to 1861, the United States laid aproximately 30,000 miles of railroad track, which led to an increase in demand for coal which was used to produce iron for the
The last reason that the wealthy industrialists are Captains of Industry is because of the new technologies that were invented during this time period. These new technologies helped not only the economic growth but also sparked ideas on how to organize businesses. For example this is shown in the article “The Gilded Age” when the author says “new technologies and new ways of organizing business led a few individuals to the top.” Another example of this is shown in the article “The Development of Industrial State” the author states “An outburst of new technological innovation in the late 19th century fueled this headlong economic growth.” This evidence really shows that when most people hear new technologies they think of just the new inventions.
On the other hand, the Chesapeake colonies had a climate that was conducive to farming and cash crops and needed slavery. With rich soil and complete reliance on tobacco as a cash crop for the economy, plantations were established in order to cultivate tobacco on a larger scale. As a result, the Chesapeake colonies were much more labor intensive in comparison to the New England colonies. Slaves began to outweigh the number of indentured servants due to the Slave Codes which made the slaves and their descendants property rather than people and lack of opportunities for indentured servants. The economy of the New England and Chesapeake colonies were different due to the climate of each colonies which either led to a reliance on industry or agriculture.
This event by itself shaped a lot of what the united states is today and it’s one of my personal favorites. The industrial revolution, in simple terms began in Great Britain in the late 1700’s . Many of the first few innovations from this time period concluded from the textile industry, which means that instead of cotton for clothing being produced in homes, it would now be moved into big factories for production. Britain at the time was a place that had plenty of resources such as coal and iron required to run the machines they used for cloth production. The industrial revolution has many inventions that have shaped our production and other things but this was just a simple version of one
After the Civil War, the United States as a nation was ready to leave the conflicts of the past behind. The country moved forward quickly into a new age of invention, consumerism, and ingenuity. After years of slavery and fighting, Americans began to shape modern life as it is known today. New inventions - the telephone, the lightbulb, the assembly line - revolutionized the American way of life. However, the Gilded Age is called so for a reason - underneath the shiny gold exterior was a dull, hard existence for those who were not at the top.
Coal commonly was found near water, and therefore could be easily transported to London, where it was sold for much cheaper than other countries. This source of energy, which was three times as efficient as traditional wood fuel, sparked invention and innovation, as people discovered that its energy could be harnessed and controlled for efficient and money-saving industrial use. This promise of profit enticed many inventors and investors to place time and energy into the production of machines which could efficiently pump the water out of deep coal mines, a problem which plagued the era of strictly manual labor. This race to find the best mechanical way to mine deep coal served as a precursor to the later Industrial Revolution, as people were truly driven to improve industry. Coal also sparked the creation of the steam engine, commonly seen as a pivotal point in Britains industrial history which allowed for rapidly increasing efficiency and lower prices of
By the 19th hundreds Africa was colonized by Europe however only Liberia and Ethopia were not part of the colonization because they were already independent by that time. There are many reasons why Europe colonized Africa both political and economic. Europe wanted Africa’s natural resources. Africa’s natural resources were thus extracted by this wealthy nations, who then took the money that was made from those resources back to their developed countries. Examples Nigeria that is rich in oil and diamond-rich South Africa Join StudyMode and get inspired today!.
Introduction Fordism and Keynesianism were the dominant economic theories and drivers of economic strategy since Henry Ford introduced his new mass production theories in the 1890’s. Ford reinvented the production process through his mass production lines where everything was homogenous. It meant that goods could be mass-produced and therefor were much cheaper to make and to purchase, however everything was the same and customers had no choice in what they could buy. This brought about the birth of the Post-Fordist era and neoliberalism. It became the dominant system of economic production, consumption and associated socio-economic phenomena, in most industrialized countries since the late 20th century.
P Mantoux in 1905 defines the Industrial Revolution, "primarily a technical revolution and it is the only index that explains the emergence of this new world 2 design that has evolved. Advances in statistics lead, in the 1960's, an evolution of that vision. Then it is considered that the technical innovations were decisive, eg machine steam J Watt in 1769, but have not led to the industrial revolution alone. This requires a number of preconditions.
During the latter half of the nineteenth century, the American Industrial Revolution sprung up. The steel industry began America’s climb to a global leader in industry. More people were drawn to the booming economy rather than to politics. The American industrial revolution was in full gear, and most men had a hunger for wealth rather than for Congress or presidency. During this time, the railroad became a massive industry, not just for transportation, but also for production building of the railroads.
England at the end of this all had more money coming in than out. The sugar plantations, owned by wealthy people, had to be built. And the building of the plantation cost a lot of money. They also needed supplies, which brought in even more money. England created laws that permitted more money to come in than out.
Henry W. Bellows, author of “The New West and Free North,” believed that America was content in being the home of moral supporting establishments; the house of liberty. Market revolution was an economic transformation. It occurred in America during the first half of the nineteenth century. Previously, America was a land of agriculture. The market revolution recognized that major changes occurred through manufacturing industrialism, and the new inventions of the cotton gin, and the grain reaper.
The Industrial Revolution has changed America in many ways, some good and some bad. The most important changes that brought about the Industrial Revolution were the invention of machines to do the work of hand tools, the use of steam, and later of other kinds of power, in place of the muscle of human beings and animals, and the adoption of the factory system. In my opinion the Industrial Revolution has done more good for America than it has done harm. In the beginning of the Industrial Revolution there weren’t many laws that governed the industries.
The Scramble for Africa 19th century imperialism in Africa was mainly caused by Industrial Revolution and political motives. The Industrial Revolution prompted a need for materials and markets that could be found in countries such as Africa and politics sparked competition between countries to build an empire and become a Great Power. The Industrial Revolution began in mid 18th century; it was a series of changes in the process and organization of production. Machines were substituted for human labor, leading to new factories.