America shaped its regional milieu to best serve security and material ends. America also exerted other forms of power. Notably, US gained influence in international diplomacy, swaying global events. We begin this essay analyzing American economic growth, its sources and its implications for US power and foreign policy.
Still, by the end of the war, the typical American industry was small.
Hand labour remained widespread, limiting the production capacity of industry. Most businesses served a small market and lacked the capital needed for business expansion.
After the Civil War, however, American industry changed dramatically. Machines replaced hand labour as the main means of manufacturing, increasing the production capacity of industry tremendously. A new nationwide network of railways distributed goods far and wide.
Inventors developed new products the public wanted, and businesses made the products in large quantities. Investors and bankers supplied the huge amounts of money that business leaders needed to expand their operations. The industrial growth had major effects on American life.
The new business activity centred on cities. As a result, people moved to cities in record numbers, and the cities grew by leaps and bounds. The sharp contrast between the rich and the poor and other features of American life stirred widespread discontent.
The discontent triggered new reform movements. The industrial growth centred chiefly on the North. The war-torn South lagged behind the rest of the country economically. In the West, frontier life was ending. The country built up its military strength and became a world power.
The rise of big business The value of goods produced by American industry increased almost tenfold between and Many interrelated developments contributed to this growth.
The use of machines in manufacturing spread throughout American industry after the Civil War. With machines, workers could produce goods many times faster than they could by hand.
The new large manufacturing firms hired hundreds, or even thousands, of workers. Each worker was assigned a specific job in the production process. This system of organizing labourers, called the division of labour, also sped up production.
Development of new products. Inventors created, and business leaders produced and sold, a variety of new products. The products included the typewriterbarbed wirethe telephonethe phonograph early form of record playerthe electric lightand the petrol-engine car Forests provided timber for construction and wooden products.
Miners took large quantities of coal and iron ore from the ground. More than 25 million immigrants entered the United States between and Immigration plus natural growth caused the U.
The total distance of all railway lines in operation in the United States soared from about 14, kilometres in to almostkilometres in A high point in railway development came inwhen workers laid tracks that joined the Central Pacific and Union Pacific railways near Ogden, Utah.
The system linked the United States by rail from coast to coast. The new railways spurred economic growth. Mining companies used them to ship raw materials to factories over long distances quickly. Manufacturers distributed their finished products by rail to points throughout the country. The railways became highly profitable businesses for their owners.
Advances in communication provided a boost for the economy. Railways replaced such mail-delivery systems as the stagecoach. InAlexander Graham Bell invented the telephone.
These developments, along with the telegraph, provided the quick communication that is vital to the smooth operation of big business.
The business boom triggered a sharp increase in investments in the stocks and bonds of corporations.The History of Mexican Americans - In the Preface of Major Problems in Mexican American History Zaragosa Vargas writes, "Nearly two thirds of Latinos in the United States are of Mexican descent, or Chicanos- a term of self definition that emerged during the 's and early s civil rights movement.
In the period , technology, Although this period had both negative and positive effects on society, economy and politics, it played an essential role in shaping the way that the world is today. The growth of entrepreneurship and the introduction of inventions such as incandescent light bulb, made way for a time of tremendous growth.
Typing Pool at NCR Corporation, ca. From the era of Reconstruction to the end of the 19th century, the United States underwent an economic transformation marked by the maturing of the industrial economy, the rapid expansion of big business, the development of large-scale agriculture, and the rise of national labor unions and .
In economic terminology, a shortage occurs when for some reason (such as government intervention, or decisions by sellers not to raise prices) the price does not rise to reach equilibrium.
In the case of government intervention in the market, there is always a trade-off with positive and negative effects. For example, a price ceiling may. Dec 07, · Although the federal government of the United States is said to strive to construct a homogeneous nation when it comes to equal rights and opportunities for its citizens in different states and cities, there have been numerous historical occurrences that demonstrate opposing aims.
The Impact of Political, Economic, and Cultural Forces. By William Julius Wilson.
T. hrough the second half of the. in the United States routinely reflect the ANALYSIS OF DATA FROM THE U.S. CENSUS BUREAU, AMERICAN COMMUNITY SURVEY).