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How Did The Civil War Impact The American Economy

157 Words1 Pages
With advancements in technology and social standards evolving quickly, the American economy also became positively impacted by such advancements and changes. Although social stigmas of the time included parsimonious business owners and industry leaders, these empirical industries grew exponentially in the years following the Civil War and, therefore, lended wealth to employees and owners. Large and small business felt the impact of this economic growth: “Farms, canneries, factories, slaughterhouses, mines, mills, refineries, and other businesses turned out more products more cheaply, enabling more people to buy more of them” (Tindal 552). As a result of such favorable production rates, large companies easily overtook the market as a whole and
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