Question: How the Industrial Revolution impacted American society?
Introduction.
In America, the transition from an agricultural to an Industrial Economy took more then a century to develop. The phase took place between the years 1790s through into the 1830s.
The Industrial Revolution had already begun taking place in Britain during the mid 18th century but America was lagging behind its mother country; mostly due to the shortage of labor and abundance of land.
Nevertheless the Industrial Revolution began and everything changed.
The birth of the machine.
The birth of the machine bought many changes that has shaped our world into what we know today.
Before the revolution manufacturing was done in people’s homes, with the use of hand tools, basic machines or animal labor. The industrialization was the great shift to powered, special-purpose machinery, factories and mass production. …show more content…
Because of this, the result was that the president Madison did not submit the bank’s charter for renewal in 1811. The key governmental support for economic development in the early 19th century came at the state, then rather than the national level. When the national bank came to closing, the state governments then responded by creating about over 200 state-chartered banks within just five years. This rapid expansion of credit and the banks unregulated acts helped to worsen an economic collapse in 1819 that then resulted in a six-year depression. The vitality of the capitalist economy creates speedy expansion but sadly comes with high risks that could result in regular periods of economic
Introduction.
In America, the transition from an agricultural to an Industrial Economy took more then a century to develop. The phase took place between the years 1790s through into the 1830s.
The Industrial Revolution had already begun taking place in Britain during the mid 18th century but America was lagging behind its mother country; mostly due to the shortage of labor and abundance of land.
Nevertheless the Industrial Revolution began and everything changed.
The birth of the machine.
The birth of the machine bought many changes that has shaped our world into what we know today.
Before the revolution manufacturing was done in people’s homes, with the use of hand tools, basic machines or animal labor. The industrialization was the great shift to powered, special-purpose machinery, factories and mass production. …show more content…
Because of this, the result was that the president Madison did not submit the bank’s charter for renewal in 1811. The key governmental support for economic development in the early 19th century came at the state, then rather than the national level. When the national bank came to closing, the state governments then responded by creating about over 200 state-chartered banks within just five years. This rapid expansion of credit and the banks unregulated acts helped to worsen an economic collapse in 1819 that then resulted in a six-year depression. The vitality of the capitalist economy creates speedy expansion but sadly comes with high risks that could result in regular periods of economic