How Did Industrialization Change The Economy
Changing the economy in various ways, such as Industrialization and Immigration can affect the country in either good or bad ways. Back in the late 1800’s, the economy and the country was very different than it is known to be today. Westward expansion, industrialization, presidents and their decisions, immigration, and W.W.I are some events that have occurred to have changed the economy. Woodrow Wilson passed many laws such as the Clayton Antitrust Act, Federal Trade Commission Act, Federal Reserve System, Underwood Act, Banking Reform, the 16th amendment, and the 17th amendment. The laws that the government had passed has greatly affected the United States economy. To start, back in the 1800’s the nation was raw. The nation had not been built like it is today, but some events that had occurred back then had shaped the
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economy that we know about.
Back then, the nation had been divided up into two regions: one being of the native Americans and the other side being for the northerners. This separation caused many problems for the Americans. Tired of this separation President Thomas Jefferson had forced the native Americans on a long and deadly path known as the trail of tears. This trial lasted many days and weeks for the natives This trail was located on the western part of the United States. This forced trail had caused blending into the bigger culture which is known as assimilation. This forced the native Americans to cope and live the way americans had lived their day to day lives. This affected the economy on many different levels. It was difficult for the natives to adapt to the united nation because they were different. This was a factor that still occurs today and I believe if things were handled differently, we would not
have that problem within our economy. It was also difficult for the natives too accustomed to the Americans style of life because Americans buy all different types of food where as the natives had only relied on buffalo. Not only did this “invasion” cause problems for the native Americans it had also affected the Americans. It was tough for the Americans to have a group of individuals invade their known land, but this was a blessing in disguise for Americans. By the assimilation it had given the government money from the natives old land because the United States had taken over their land. This event could be looked at as a good factor to the economy or a negative factor. Immigration affected the economy on various different levels. Boss Tweed was president of a business known as Tammany Hall. With new immigrants entering the United States Tweed had collected money from each immigrant. By Tweed doing this ,along with many other expenses, it had left many immigrants with no money. They then needed a job so immigrants went to many unskilled professions considering they had no school degree. There had been a large ratio of immigrants entering the United States and this had left many Americans with limited job opportunities and even some were left with no jobs. Immigrants had worked for a lower pay which was a green light for many business owners leaving many Americans behind. Furthermore, the negative impact on the economy and the country immigration had also been proven to affect the economy positively. Immigrants that came into the country had paid for this to happen and the money is going to the government. Immigrants had also raised the population size throughout the country. Immigration can either be considered a good or bad event that had occurred at the turn of the century. In addition to, immigration the industry played a crucial role in economics. Stated with immigration there were not enough businesses or job opportunities for immigrants and Americans. Industrialization was one occurring factor that had happened during new immigration and the late 1800’s. The government had passed socialism, which is an economic system based on government control over an economy and equal distribution of wealth( Lintner). This law helped improve the economy and helped Americans be equal with their pay. For example, back then americans would get paid more than immigrants just because of their race, but because of this law americans and immigrants are now equal in the workforce. By creating this the government had more of a control in a business and had made it fair for many working employees. This affected the United States economy and its public in a positive way. Consequently, presidents had a huge impact on the country. There are many great presidents that helped affect the economy in good ways, but one example of one would be Woodrow Wilson. President Wilson created many laws and acts such as the Clayton Antitrust Act, Federal Trade Commission Act, Underwood Act, Banking Reform, and the 16th and 17th Amendment. By creating the policies it affected the country in a good way. The Underwood act reduced tariff since the civil war. This worked out well because Americans did not have to pay for overpriced imported goods. This is also a red flag when it comes to the government. As of 2017, America is in debt to many countries such as China because a large population of citizens buys so much from them. Wilson had also passed the Federal Trade Commission Act. This act put an end to unfair businesses and it had given the government the power to investigate (Lintner). Many businesses had been unfair to many workers. These businesses had given them long hours, unsafe conditions, did not let them have free time off, and very little pay ( Document J). The Triangle Shirtwaist Factory was a prime example of why this act was passed in 1914. This factory was an unsafe building that had costed many women their life. As a result of this incident the act gives the government the right to investigate buildings to see if they meet regulations. The government had also made sure that workers were treated fairly with equal pay along with not being overworked. These acts were some of the many acts that had helped the economy. Another factor that had played a big role in the changing of the economy was World War One itself. This war had been one of the biggest wars ever in the history yet. It had caused many heartbreaks of men and women back at home. World War One all started out when a Siberian had assassinated Franz Ferdinand. This assassination had left many of Austria-Hungary’s citizens devastated. As a result of this devastation Austria-Hungary had declared war on Serbia on July 28, 1914. Because of the many allies associated with Austria-Hungary, Germany had been forced to enter the war. Germany entered by invading Russia along with their alliance with France. Then Germany had continued to fight and invaded yet another nation Belgium. Since Germany had invaded Belgium, Britain had invaded Germany and Austria-Hungary. That was then how W.W.I was created. During the war Germany had threatened the United States, which included the sinking of all American ships. Later on Germany had followed through with that plan and had sunk the Lusitania ship. This sinking had killed 1,198 people and only 128 of them were Americans. Along with the sinking Germany had also sunken 4 more merchant ships killing 26 Americans. Now how had this war change the economy. W.W.I had changed America in so many different ways. The war had threatened the lives of many innocent people. It had also changed their day to day lives. World War One had affected the lives of people by the sinking of the Lusitania and the other ships along with the soldiers fighting for their lives to support their beloved nation. Like stated it also affected their day to day lives which some examples include when the soldiers had run low on food sources Americans had set up a garden known as “The Victory Garden” this garden grew crops for soldiers. Along with this garden Americans had developed “Meatless Monday’s”, “sweetless”, “wheatless”, and other days “porkless”. These days had given the soldier the specific type of food on that certain day. This war had also put America in need of money to support the war as they spent billions of dollars on their supplies and transportation. Not only did this big war affect the economy, but other wars had indeed affected the economy in a negative way. (Lintner) Finally in conclusion, changing the economy in various ways, such as industrialization, immigration, laws passing in the progressive movement, and W.W.I can affect the country in either a good or bad way. By adding acts, industrialization, and immigration it will indeed affect the rest of the country not just the government. Americans bills could be affected along with their day to day life. These are some examples on how changing the economy can affect the rest of the country.
economy that we know about.
Back then, the nation had been divided up into two regions: one being of the native Americans and the other side being for the northerners. This separation caused many problems for the Americans. Tired of this separation President Thomas Jefferson had forced the native Americans on a long and deadly path known as the trail of tears. This trial lasted many days and weeks for the natives This trail was located on the western part of the United States. This forced trail had caused blending into the bigger culture which is known as assimilation. This forced the native Americans to cope and live the way americans had lived their day to day lives. This affected the economy on many different levels. It was difficult for the natives to adapt to the united nation because they were different. This was a factor that still occurs today and I believe if things were handled differently, we would not
have that problem within our economy. It was also difficult for the natives too accustomed to the Americans style of life because Americans buy all different types of food where as the natives had only relied on buffalo. Not only did this “invasion” cause problems for the native Americans it had also affected the Americans. It was tough for the Americans to have a group of individuals invade their known land, but this was a blessing in disguise for Americans. By the assimilation it had given the government money from the natives old land because the United States had taken over their land. This event could be looked at as a good factor to the economy or a negative factor. Immigration affected the economy on various different levels. Boss Tweed was president of a business known as Tammany Hall. With new immigrants entering the United States Tweed had collected money from each immigrant. By Tweed doing this ,along with many other expenses, it had left many immigrants with no money. They then needed a job so immigrants went to many unskilled professions considering they had no school degree. There had been a large ratio of immigrants entering the United States and this had left many Americans with limited job opportunities and even some were left with no jobs. Immigrants had worked for a lower pay which was a green light for many business owners leaving many Americans behind. Furthermore, the negative impact on the economy and the country immigration had also been proven to affect the economy positively. Immigrants that came into the country had paid for this to happen and the money is going to the government. Immigrants had also raised the population size throughout the country. Immigration can either be considered a good or bad event that had occurred at the turn of the century. In addition to, immigration the industry played a crucial role in economics. Stated with immigration there were not enough businesses or job opportunities for immigrants and Americans. Industrialization was one occurring factor that had happened during new immigration and the late 1800’s. The government had passed socialism, which is an economic system based on government control over an economy and equal distribution of wealth( Lintner). This law helped improve the economy and helped Americans be equal with their pay. For example, back then americans would get paid more than immigrants just because of their race, but because of this law americans and immigrants are now equal in the workforce. By creating this the government had more of a control in a business and had made it fair for many working employees. This affected the United States economy and its public in a positive way. Consequently, presidents had a huge impact on the country. There are many great presidents that helped affect the economy in good ways, but one example of one would be Woodrow Wilson. President Wilson created many laws and acts such as the Clayton Antitrust Act, Federal Trade Commission Act, Underwood Act, Banking Reform, and the 16th and 17th Amendment. By creating the policies it affected the country in a good way. The Underwood act reduced tariff since the civil war. This worked out well because Americans did not have to pay for overpriced imported goods. This is also a red flag when it comes to the government. As of 2017, America is in debt to many countries such as China because a large population of citizens buys so much from them. Wilson had also passed the Federal Trade Commission Act. This act put an end to unfair businesses and it had given the government the power to investigate (Lintner). Many businesses had been unfair to many workers. These businesses had given them long hours, unsafe conditions, did not let them have free time off, and very little pay ( Document J). The Triangle Shirtwaist Factory was a prime example of why this act was passed in 1914. This factory was an unsafe building that had costed many women their life. As a result of this incident the act gives the government the right to investigate buildings to see if they meet regulations. The government had also made sure that workers were treated fairly with equal pay along with not being overworked. These acts were some of the many acts that had helped the economy. Another factor that had played a big role in the changing of the economy was World War One itself. This war had been one of the biggest wars ever in the history yet. It had caused many heartbreaks of men and women back at home. World War One all started out when a Siberian had assassinated Franz Ferdinand. This assassination had left many of Austria-Hungary’s citizens devastated. As a result of this devastation Austria-Hungary had declared war on Serbia on July 28, 1914. Because of the many allies associated with Austria-Hungary, Germany had been forced to enter the war. Germany entered by invading Russia along with their alliance with France. Then Germany had continued to fight and invaded yet another nation Belgium. Since Germany had invaded Belgium, Britain had invaded Germany and Austria-Hungary. That was then how W.W.I was created. During the war Germany had threatened the United States, which included the sinking of all American ships. Later on Germany had followed through with that plan and had sunk the Lusitania ship. This sinking had killed 1,198 people and only 128 of them were Americans. Along with the sinking Germany had also sunken 4 more merchant ships killing 26 Americans. Now how had this war change the economy. W.W.I had changed America in so many different ways. The war had threatened the lives of many innocent people. It had also changed their day to day lives. World War One had affected the lives of people by the sinking of the Lusitania and the other ships along with the soldiers fighting for their lives to support their beloved nation. Like stated it also affected their day to day lives which some examples include when the soldiers had run low on food sources Americans had set up a garden known as “The Victory Garden” this garden grew crops for soldiers. Along with this garden Americans had developed “Meatless Monday’s”, “sweetless”, “wheatless”, and other days “porkless”. These days had given the soldier the specific type of food on that certain day. This war had also put America in need of money to support the war as they spent billions of dollars on their supplies and transportation. Not only did this big war affect the economy, but other wars had indeed affected the economy in a negative way. (Lintner) Finally in conclusion, changing the economy in various ways, such as industrialization, immigration, laws passing in the progressive movement, and W.W.I can affect the country in either a good or bad way. By adding acts, industrialization, and immigration it will indeed affect the rest of the country not just the government. Americans bills could be affected along with their day to day life. These are some examples on how changing the economy can affect the rest of the country.