After the Civil War, the United States economy shifted to be a much more industrialized one. This industrialization provided benefits such has more goods that could be bought at cheaper prices and machinery that can be produced in greater quantities. Despite all the benefits, industrialization in the United States had several consequences such as the development of trust (monopolies), low wages, and environmental issues.
Industrialization brought many benefits to the United States. One of the benefits was specialization, this allowed workers to specialize in one task instead of taking multiple tasks at the same time. Specializing in one task allow workers to produce faster which the causes products to be made more quickly and in a greater quantity. Furthermore, industrialization contributed to the development of the steel …show more content…
A monopoly is essentially trust businesses that work together to control an industry. Monopolies by definition control the market by eliminating their competition which in many cases are small businesses. One attempt that the government and individuals made to address this problem was The Sherman Antitrust act of 1890. This antitrust act sought to prevent business take advantage of individuals by raising prices. This act proved to be ineffective because the government had a tendency to allow business to do what they want, a laissez-faire. Another reason why this act was ineffective the law was not clear enough for workers to understand it. As a result, the workers did not know their rights and the courts did not know how to interpret the law causing them to not enforce it. Despite the fact that act was a progress in improving the situation it was highly
Industrialization brought many benefits to the United States. One of the benefits was specialization, this allowed workers to specialize in one task instead of taking multiple tasks at the same time. Specializing in one task allow workers to produce faster which the causes products to be made more quickly and in a greater quantity. Furthermore, industrialization contributed to the development of the steel …show more content…
A monopoly is essentially trust businesses that work together to control an industry. Monopolies by definition control the market by eliminating their competition which in many cases are small businesses. One attempt that the government and individuals made to address this problem was The Sherman Antitrust act of 1890. This antitrust act sought to prevent business take advantage of individuals by raising prices. This act proved to be ineffective because the government had a tendency to allow business to do what they want, a laissez-faire. Another reason why this act was ineffective the law was not clear enough for workers to understand it. As a result, the workers did not know their rights and the courts did not know how to interpret the law causing them to not enforce it. Despite the fact that act was a progress in improving the situation it was highly