Industrialization was an important influence to make United States’ economy, due to the union of new entrepreneurs and due to the increase of available employments, become the most powerful in …show more content…
the world. Population growth and rising wages increased the size of the market. Agricultural specialization improved farmers' incomes and income. The introduction of the railway strengthened both aspects through a cheap, fast and reliable transport system. Traffic increased both the number of passengers and the number of goods. The generalization of the railway helped to expand and integrate the huge internal market that was forming. In the other hand of the economy, smaller artisans, farms, and workshops were affected by the huge competition that factories and inventions produced. This also affected their production because they didn't have the same new equipment that factories had to produce. There were price wars between factories. Urban areas demanded high and some railroads had to cut prices below their own costs. Companies of petroleum and railroad that were not from Rockefeller were devastated. Rockefeller created a monopoly between his companies and controlled all the business by the force he imposed in officials and by his for of drive all other businesses away.
The increment of new technologies and infrastructures on the United States allowed society to increment their standard of living.
Industries were searching people that accept low payments and that ignore their basic needs as workers. A lot of women and children accept low payments and in consequence, 20 percent of the industry was female. Workers were treated grueling. They worked twelve hours in a day per six days in a week and repeating the same boring task of the machines. The promotion of the idea work hard enough to become wealthy was a manipulation for workers to accept bad work conditions in order to some day reach the promised wealth. In spite of the population growth, the abundance of resources was such that the American economy suffered throughout the nineteenth-century shortage of labor, which resulted in the maintenance of high wages. Habitants were also affected because of the immigrants that came to the United states and the differences and were made between immigrants and native people. Also, they were affected by the stereotypes between races, like black and white discriminations. Additionally, the environment was affected in two ways by industrialization. The new manufacturers and factories destructed all the flora and fauna of the cities. Citizens were very affected by the pollution that the new factories produced. They were also affected by the newly rich and poor wide gaps that industrialization …show more content…
leave.
There was an acceleration of trade between other countries and the United States which gave more political opportunities to establish new treatments with other governments.
The situation began to change with the independence revolution, which liberated the territory from British mercantilism and gave it the political stability necessary for trade expansion. The failure of socialism in the United States was the manifestation of a failure in socialist organizations. The Socialists were to some extent prophets. In predicting that low wages would reduce demand and threaten capitalism, they paved the way for the new economy of the 1930s, and by contemplating the constitution of trusts as a step forward to be welcomed, they contributed to form the new progressive ideology that ended up prevailing in American politics after the elections of 1912. In 1917, the entry of the United States into the First World War produced the most vigorous expression of progressivism. Progressivism dulled the critical capacity of the conservatives, flourishing a new liberalism that manifested itself in the increasing federal interventionism in the economy. Political people also were affected because of the poor equipped that they were to affront new innovations that industrialization bring. There was a massive corruption era of the nineteenth
century.
During the years between 1870 and World War I, the United States conquered a large part of the international markets. This was due to the adoption of new technologies and the organizations needed to exploit them. It was notable for the pace of technological innovation, the availability of markets and the need for capital. The presence of a growing population and the extraordinary endowment of natural resources were fundamental factors in the industrial affirmation in the United States. Industrialization in the United States had its foundations in the development of the internal market that was favored by the system of transport and the population growth. In the course of this period, the United States ceased to be a source of raw materials by dedicating a large quantity of manufactured goods and minerals for export. The modern enterprise emerged in the last decades of the nineteenth century. Entrepreneurs were worried about looking for the best strategies to operate profitably against fluctuations in product prices. In this way, new administrative techniques emerged that led to the emergence of many large companies.