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Economic effects of the industrial revolution
Economic effects of the industrial revolution
Economic effects of the industrial revolution
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Once the houses were sold, the railroad was just an albatross as far as the developers were concerned. This was the origin of the poor service and overcrowding that led to people being unhappy with the
Virtually almost every railroad corporation owner(s) went bankrupt, some multiple times. Regardless of this these owners still managed to acquire a fortune with the help of corruption and government subsidies as the back-bone
Lastly, the production of the railways aided in shaping both Canada and the United States, as well as sparked many other industries that wouldn’t have successfully progressed
During this time period there were great technological advancements. One of these advancements was railroads. Railroads were a positive change because it helped transport people and goods across the country. Businesses depended greatly upon transportation in order to transport their goods. Despite the positives of railroads, there were negatives.
The beginning of Industrialization was a time of great economic growth and social change in the United States. Though The Gilded Age made America the leading industrial nation, this widened the gap between the rich and the poor even more. The Progressive Era came after and was defined by various reforms. The unionization of the government and the reformers was a very important factor during this time period.
Industrialist had a huge impact on the gilded age. The gilded age was a rapid expansion of industrialism and a massive jump in the population of immigrants in america. The industrialist during the gilded age such as Andrew Carnegie, John D. Rockefeller, and Vanderbilt had a big impact because of their businesses. Vanderbilt was the first of the three to be a leader of industry. Vanderbilt made millions using the railroad system and built an empire with them.
All through history, certain timeframes have been given sure names in view of the happenings that happened. Numerous have called the time of 1865 to 1901 the "Plated Age", be-cause it was "glossy and beautiful" on the outside however it was "unpleasant and appalling" underneath. The term"Gilded Age" was really instituted by Mark Twain who satired the Gilded Age with a Golden Age. Politically, monetarily and socially the Gilded Age was really a "Plated Age". Not all that matters added to the "Plated" impact of the time period.
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.
Politically, economically and socially the Gilded Age was truly a “Gilded Age”. Noteverything added to the “Gilded” effect of the time period. The “robber barons”, two major de-pressions and the labor unions (though not originally a bad thing) did add to the age. The Gilded Age saw the rise of Andrew Carnegie, John
The decade between 1890 and 1900 expressed a crucial time in the United States of America’s history. Many people experienced struggles throughout this time while others prospered. Mark Twain suggested that despite the significant achievements of the United States, Americans experienced poverty. This statement is an accurate description of the lively hood people experienced in their daily lives during the Gilded Age whether it was positive or negative. Many people during this time period focused on the positive outcomes that resulted from the Gilded Age such as new inventions, the gospel of wealth, additions of land to the country, urbanization, and middle-class improvements.
With the advent of the railroad, many of these issues disappeared. Railroads had a major impact on advancing the American economy, transforming America into a modern society, and improving an antiquated transportation system. The building of railroads created rapid economic growth in America. Railroad companies employed more than one million workers to build and maintain railroads. At the same time, coal, timber, and steel industries employed thousands of workers to provide the supplies necessary to build railroads (Chapter 12 Industrialization).
However, what was supposed to be a prosperous time for all would become only a period of deception to many. The Gilded Age was the post-civil war period from 1878-1889. During this period of history, there
Although railroads started being built in the beginning of the Civil War to make for easier transportation, they became more popular and widespread after the war came to an end. The primary source, the Pacific Railway Act, promoted the construction of transcontinental railroads. Travel by train was a discovery that altered the way of life in the United States. Once this act was passed and the transcontinental railroads were completed, it “reduced the travel time across the continent from several months to one week” it is also said to be “one of the greatest technological achievements of the 19th century” (“U.S. Senate: Landmark Legislation: The Pacific Railway Act of 1862”). Ever since this act was passed, more railroads have been built and developed.
The Gilded Age lasted from 1870 to World War 1, “1900s.” The Gilded Age was a period of fast economic development, but also much social struggle. Mark Twain in the late nineteenth century founded the “Gilded” Age, which means covered with gold on the outside, but not really golden on the inside, for example, tin. This period of time was glittering on the surface but corrupt underneath. In other words, the outside looked beautiful, but the inside looked old and trashy.
The Gilded Age was to describe America in the late nineteenth century. The outside of the US seemed glamorous and splendid alongside industrial development and massive economic growth. However, the dark sides were hidden beneath it. In my perspective, I believe we are living in the 2nd Gilded age.
