Ruite He Cristian 212637302
Word Statistics: 1495
From the North-South differences to a gradually closer economic model, was the main theme of the United States economy. The Gilded Age and postwar era were the periods of rapid development of economy. Industrial Revolution developed technology and transportation was one of the reasons that the economy gradually moved forward. Twice world wars without a serious local land attack contributed to its economic hegemony. These were the turning points. Specifically, the demands of market depended on economic patterns and production methods, it would change as era changed from slavery to abolition to post-WWII. When economy developed, richest class would benefit, and the poor class would …show more content…
Yeomen in the South had a very different livelihoods from those plantation owners. They farmed their own lands, without extra labours. They had mainly self-sufficient lives . In the North, transportation was more developed due to the Transportation Revolution . The Canals and Railroads made the transportation faster and more efficient. The development caused an industrialization that can be achieved in the North. Many new factories were built and some new concepts used in the production process, such as the American System of manufacturing . It shows that the North’s economy had got rid of the primitive farming, selling and exporting pattern since the start date of colonial times. It shaped the national manufactory and production. Changes in production patterns have brought a great change in lifestyle, but some top wealthy families owned excessive capitals by 1860 . The Northerners held a great wealth in their hands so they could won in the Civil War. During the Reconstruction Era, the South was also introduced industries through loans, subsidies and short-term exemption of taxation . Thus the industrialization expanded. The North had been rebuilt as well, while the changes were mainly in the South. However, that the …show more content…
In both ages created a lot of scientific and technological achievements that advanced the economy to move forward. For transportation, the industry of railroads grew at the end of the first Industrial Revolution. It lead a large-scale decline in transportation costs . Steamboats that led the canal has its usefulness made shipping more convenient , and its transport volume and freedom were far higher than the railway. If the flow of goods increased by several times, then economic activity would also increase several times. All of these changes were the opportunities of rapid development for economy. In the second Industrial Revolution, a large quantities of electrical equipment invention made Americans can allocate more time to work with the private life of every day. And there were many successful business applications and concepts like the Principles of Scientific Management [1911] . The achievements of the Industrial Revolution that let the United States’ economy rapidly developed, but there were also several well-known economic crisis. Some of the economic crisis were very close to twice world wars, but they were not all negative. In the pre-crisis and post-crisis remedy, the changes can also be regarded as turning points. For example the pass of Embargo Act of 1807, was built on an immature economic and diplomatic task. The introduction of this act
Word Statistics: 1495
From the North-South differences to a gradually closer economic model, was the main theme of the United States economy. The Gilded Age and postwar era were the periods of rapid development of economy. Industrial Revolution developed technology and transportation was one of the reasons that the economy gradually moved forward. Twice world wars without a serious local land attack contributed to its economic hegemony. These were the turning points. Specifically, the demands of market depended on economic patterns and production methods, it would change as era changed from slavery to abolition to post-WWII. When economy developed, richest class would benefit, and the poor class would …show more content…
Yeomen in the South had a very different livelihoods from those plantation owners. They farmed their own lands, without extra labours. They had mainly self-sufficient lives . In the North, transportation was more developed due to the Transportation Revolution . The Canals and Railroads made the transportation faster and more efficient. The development caused an industrialization that can be achieved in the North. Many new factories were built and some new concepts used in the production process, such as the American System of manufacturing . It shows that the North’s economy had got rid of the primitive farming, selling and exporting pattern since the start date of colonial times. It shaped the national manufactory and production. Changes in production patterns have brought a great change in lifestyle, but some top wealthy families owned excessive capitals by 1860 . The Northerners held a great wealth in their hands so they could won in the Civil War. During the Reconstruction Era, the South was also introduced industries through loans, subsidies and short-term exemption of taxation . Thus the industrialization expanded. The North had been rebuilt as well, while the changes were mainly in the South. However, that the …show more content…
In both ages created a lot of scientific and technological achievements that advanced the economy to move forward. For transportation, the industry of railroads grew at the end of the first Industrial Revolution. It lead a large-scale decline in transportation costs . Steamboats that led the canal has its usefulness made shipping more convenient , and its transport volume and freedom were far higher than the railway. If the flow of goods increased by several times, then economic activity would also increase several times. All of these changes were the opportunities of rapid development for economy. In the second Industrial Revolution, a large quantities of electrical equipment invention made Americans can allocate more time to work with the private life of every day. And there were many successful business applications and concepts like the Principles of Scientific Management [1911] . The achievements of the Industrial Revolution that let the United States’ economy rapidly developed, but there were also several well-known economic crisis. Some of the economic crisis were very close to twice world wars, but they were not all negative. In the pre-crisis and post-crisis remedy, the changes can also be regarded as turning points. For example the pass of Embargo Act of 1807, was built on an immature economic and diplomatic task. The introduction of this act