During the 1920s, the last exchange experienced a lot of expansion. In the end, it was decided that looking at a stock market was the easiest or best way to make money because of the rapid rise in stock prices (Document 1). An unprecedented rise occurred on the stock
However, the companies consisted of a trust controlled by a “handful of families, not a public corporation” (Davis 19). Since 1987, most corporations included in the Dow Jones stock market remain steadfast after fifty-five years. Therefore, large corporation expansion occurred before the twentieth century. Before
Industrialization had a positively impact on U.S because Automobiles, Captain Of Industry , and light bulb and Electricity. The industrialization happened in the 1800’s. There was a lot of events that happened in this time period. Reason 1: Andrew Carnegie made old fashioned cars in the 1800’s. He taught many women and men how to drive.
The Second Industrialization, also known as the Gilded Age, was a period of rapid industrialization as industries such as oil, steel, and railroads boosted the United States’ status as an industrial nation. During this time, the wealthy entrepreneurs controlled most of the U.S.’s wealth. Additionally, these tycoons had a monopoly on everything, including government policies. Mark Twain, famous American author, condemned this era for the tycoon’s greed and politician’s corruption and called it the Gilded Age (Texas Education Agency). The Second Industrial Revolution negatively impacted the political, social, and economic development of the United States because it led to government corruption, poor treatment of the working class, and huge economic
Industrialization played a big part in the shaping of American society. This time period was considered the "Gilded era " from 1869-1901. There were both cultural and economic changes during this time, such as the transcontinental railroad, businessmen, the depression , and the living conditions of the lower class. The transcontinental railroad produced an increased demand in manufacturing since the businesses would now grow and trade in larger amounts.
In a time, 1865 marked the end of Reconstruction of the North and the South after the Civil War. The start of the Second Industrial Revolution began with the invention of electrical power and mechanical engines. The United States expanded westward like never before with the creation of railroads, oil, and steel. The Election of 1896 marked a critical election when Republican William McKinley, United States President from 1897-1901, defeated his opponent in one of the most dramatic and complex elections in the young country’s history. Using the idea of American Imperialism, the United States aimed to spread their political, economic, and cultural control within the government over areas beyond their boundaries.
With industrialization came many new inventions and successful businessmen. Industrialists had major impacts on the Gilded Age. During the Gilded Age, Thomas Edison Invented the lightbulb. This enabled workers to continue working after dark.
Industrialization and Industrialists had many important impacts on America. The era of industrialization known as the " Gilded Age" opened up many new doors for the American people. The industrialist Andrew Carnegie had one of the biggest impacts on America by far. Carnegie was responsible for the production of steel.
The Gilded Age, which lasted from the 1870s to the 1890s, was a time of rapid economic growth and industrialization in the United States. While it brought about some positive effects, such as increased production and higher wages for some, the negative aspects of industrialization were profound and pervasive. One of the major negative aspects of industrialization during the Gilded Age was the exploitation of workers. Many workers were paid extremely low wages, and they were forced to work long hours in unsafe and unhealthy working conditions.
Between two wars The Civil War and World War I was called the Glided Age. The Gilded Age grew a accelerated industrialization of factory based steel mills, also a country based on railroad for transporation,blooming cities and in science. The Gilded Age also grew in social chage and economic growth, creating new opportunites for entrpreners. The effects of the industrialization on American 's were work labor which lead to the orgin of The Kinghts of Labor. In addition with such the rising of industrial the citites grew which lead to immigiration and also the creation of the hull house.
The Gilded Age was a revolution, primarily because of the intense industrialization that occurred during the time, but why is the process of industrialization called a revolution? The process of industrialization was of extreme importance, mostly because it marked a shift to the development of new technology, the expansion of railroads, and the positive and negative effects on the people during the industrialization era. Prior to the industrial revolutions, manufacturing was often done in people’s homes, mainly using hand tools or basic machines. However, the development of new technologies, such as the Bessemer Process, and new machinery, which lead to the formation of mass production, made manufacturing easier. The Bessemer Process invented by Henry Bessemer, is a process used to covert large quantities of molten iron into steel - the process had been used for centuries outside of Europe, but Bessemer discovered how to do it on an industrial scale.
In a time after the Civil War, when a transcontinental railroad was created connecting the East and West, people began to move and settle across the country, creating new urban cities and manufacturing hubs. It was because of the railroad that the Second Industrial Revolution and the Gilded Age took place which rapidly increased the manufacturing of products through the new machines in factories and the spread of ideas by the telegraph and railroad. It was in this context that many farmers, as well, began to move West and experience a loss in the prices of their crops. It is also in this context that many workers were forced to work long, laborious hours with little pay. Farmers responded to industrialization in the Gilded Age by forming organizations such as the Granger movement and the Farmers Alliance as well as creating the Populist Party.
During the gilded age, America turned out to be more prosperous and saw exceptional development in industry and innovation. However, the Gilded Age had a more vile side: It was where covetous, degenerate industrialists, financiers and legislators delighted in phenomenal riches and richness to the detriment of the regular workers. Truth be told, it was well off moguls, not lawmakers, who subtly held the most political power during the Gilded Age The gilded age in 1866-1900 the laborers who were basically outsiders and slaves needed specialists association. All things considered, they were just left helpless before their bosses.
The second Industrial Revolution began in 1865, right after the Civil War. This was a huge turning point for America because the agrarian economy it once was, was now becoming modern and industrialized. Before the Gilded Age, many US citizens were forced to create everything by hand, causing products to have slight differences with one another and production to be slow. As time went on, inventors found new ways to make the lives of both consumers and producers more efficient than ever before. Without these newer techniques, who knows if society would have gotten this far in today’s age.
Paragraph 1: Industrialization really took of in the United States during the late 1800s and the early 1900s. Before then, America 's population had mostly lived out in the farms and ranches of the country, but that was about to change when more and more people started to move to the cities for work. Most of the people that moved, found themselves in factory jobs for the steel industry or alike, or working for the railroads. Companies could really thrive, as the United States government, adopted a policy of Laissez Faire. This is also about the time that immigration really kicked up, more and more immigrants were showing at Ellis Island, looking for a new start.
