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Ww1 technology advancements
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During Industrialization, many big changes occurred. One major point is that products and goods became cheaper to make, and in return, cheaper for sale. Shortly after factories starting popping up in the U.S., “the production of exports outpaced import of goods, and by the late 1800s America emerged as the world’s largest industrial power” (Doc 3). Before factories, things were made by hand and took time to make. Because of the amount of time it took to produce products, people needed to sell these products at higher prices to make the business worth something.
One will seek to assess the extent to which these steps were successful in achieving this, as well as classifying the importance of trade in the recovery from depression and war in Western Europe. The aftermath of the Second World War had left the economies of the ‘old great’ powers exhausted. Western European countries had
As shown in document A, the price of food, fuel, and lighting all dropped significantly from 1870 to 1900. This drop in price of necessary goods meant that people didn’t have to spend as much money on such items and could instead spend it on items for comfort and leisure. This lead to an increase in the quality of living across the entire country. Another way that the big businesses of the time were able to control the economy was by destroying all other competition in their respective industries. Businesses were able to do this through tactical pricing, trusts, pools, and vertical integration.
From 1860 to 1900 the United States quickly became an “industrial nation,” using its plentiful natural resources of oil, coal, steel, and timber, along with abundant labor to drastically increase production of manufactured goods. During this time period millions of immigrants from Europe (Eastern and Western) along with many from East Asia moved to various cities in the US, leading to both a rise in population density in these areas and a labor surplus. The constant supply of cheap labor combined with a strong spirit of competition and very little government regulation led to the rise of enormous “industrial empires” of steel, railroads, and oil. These raw materials were then processed into a vast array of consumer goods, which entered into
After the Civil War, America gave rise to a new era of industrialism, the Gilded Age. An era dominated by powerful figureheads of industry, otherwise known as robber barons, America soon became an international economic power. Many believe that America’s international economic power is due to the doctrine of laissez-faire capitalism, where businesses operated without any interference from the government. However, there are multiple instances where the American government had directly supported the rise of industrialism. Thus, the Gilded Age’s success cannot only be attributed to laissez-faire because of the government intervention through the use of corruption practices, foreign policy, rail roads and the government’s response, government
During the period of great depression business trade that went on between countries became stifled. Many farm produced was reduced and industry jobs were slowed down, especially the farm produced. Many farmers could not produce because of falling farm prices, less consumption and the continuous laying off of workers all affected the farmers so much that there was decrease in exports. Coupled with the effect of the post-world war 1, much of the thriving of 1920s was a recurrent sequence of debt for the American farmer, reducing from farm prices and the necessity to purchase expensive machinery. Thus, the rest of the nation’s felt and saw it as a severe drop and the United States loss much of his external
During the 1920’s Canada’s economy prospered, since many countries recovering from the horrors and especially damages of the war, required Canadian products. Canada’s abundance in resources such as pulp, forestry, wheat and mining greatly contributed to Europe’s recovery as well as the Canadian economy. Throughout this decade, many products and resources became more available such as cars due to mass production techniques developed to meet the product demand. For instance, the vehicle ownership rate in Canada increased from 300 000 in 1918 to 1.9 million by 1929.
Yi 11/13/16 Global Pd 7 Industrial Revolution Essay The Industrial Revolution was a time, 1750 to 1914, where a mass amount of new inventions were created which lead to the dramatic changes. The new inventions made difficult work easier, as machines were able to complete these tasks in few minutes. Societies also became rural and tightly packed as many were moving to these cities in hope of job offerings. In Europe, the Industrial revolution lead to social inequality as new inventions were created demolishing smaller businesses, factories were unfair to their workers and some might say that the industrial revolution brought advancement to society due to the
By the start of the year 1800, the United States began undergoing a technological modification known as the Industrial Revolution. Although such advances left outstanding impressions on the world we know today (cars, planes, cell phones etc.), they also formed a monumental impression on the economy of the early 19th century. Such transfiguration led the nation head on into a battle with itself. From the years 1800 to 1840 the Market Revolution took off and began the start of many substantial changes in the North, making the South’s lack of progression a threat to their economy’s existence. This enormous economic alteration is what would soon fuel the great separation of our nation and a civil war.
This has been seen before when a country goes to war, but world ww2 brought more governmental changes and control than we saw in ww1. the country was dramatically altered. Food, gas and clothing were rationed and Office of Price Administration took unprecedented control of the economy. There was massive rationing of food, and supplies, entire industries were completely taken over by the government, the federal government fixed wages, rents, prices, and especially production quotas. If you were looking to buy a 1942 Model Ford or Chrysler, good luck.
Between 1870 and 1900 the United States made great advancements in industrialization. “Industrial capitalism realized the greatest advances in efficiency and productivity that the world had ever seen. Massive new companies marshaled capital on an unprecedented scale and provided enormous profits that created unheard-of fortunes. But it also created millions of low-paid, unskilled, unreliable jobs with long hours and dangerous working conditions.” This period was known as the Gilded Age.
With the Civil war came many changes to America’s economy, specifically to her transportation and labor systems. While the United States’ transportation sector changed positively, the labor system did not, since the loss of slaves took its toll on the South’s economy. Overall, America’s economy changed so much from 1865 to 1880 that the effects can still be seen
The Market Revolution generated a drastic change in the United States economy and altered gender barriers while at the same time accomplishing this in a provocative manner. This economic boom occurred around the first half of the 19th Century. The economic boom was achieved by inventions such as a transcontinental railroad system which resulted in a better transportation system which improved trade and the cotton gin which sped up the rate of removing seeds from cotton fiber. However like what the great Hugo said, “The brutalities of progress are called revolutions. When they are over we realize this: that the human race has been roughly handled, but that it has advanced”.
Modern day America is an economic superpower. However, one and a half centuries ago, this was not the case. In the late 1800’s there was a large boom in terms of population and industrialization in the United States. From this stemmed many new technological innovations, innovations which could be applied to the creation of alluring products for the masses. This led to the rise of a prominent American consumer culture, which was a driving force in the great economic growth of the Gilded Age.
The Gilded Age where the economics of policies industrial had tremendously crucially rapidly got to part where the