Analyze The Economic Social And Political Changes In The South Analysis

The North experienced economic, social, and political changes in the earth. Many of these strikes involved the railroads; the whole economy seemed to revolve around the railroads. At the end of the 1870s the railroads renewed their expansion. With a brief break in the 1880s, expansion continued at a reckless pace until 1890. By 1900 roughly one-sixth of all capital investments in United States were in the railroads. The railroads powered the industrial economy. They consumed the majority of iron and steel produced in the United States before 1890. At times, however, railroads threatened to haul the American economy into the abyss. Rail corporations overbuilt, borrowed recklessly, and were often atrociously managed. They ricocheted wildly between rate wars and the creation of pools to fix prices, and they encouraged other industries to follow. Second, following the end of the civil war and the consequent abolishment of slavery, the …show more content…
One of the important sectors of the American economy globalized, putting American businesses and farmers in competition with other places in the world. One result was a steady downward pressure on prices. The Republican policy of maintaining tariff protection for American industry mitigated deflation on the domestic market, but the return to the gold standard with the Resumption Act of 1875, which later became a major political issue, created compensatory deflationary pressure that contributed to the general decline in prices. This benefitted workers only as long as they were able to maintain their wages. Second, social changes Settlement from the East transformed the Great Plains. The huge herds of American bison that roamed the plains were virtually wiped out, and farmers plowed the natural grasses to plant wheat and other crops. The cattle industry rose in importance as the railroad provided a practical means for getting the cattle to market. Third political