Generally recognized as the “Second Industrial Revolution after the Civil War, the era lasted around 1870-1914, a time when America’s economy considerably grew. During this time, American manufacturing production considerably grew, railroad miles tripled, and production in coal mining and steel boomed. The industrial transformation during the post-Civil War era provided many consequences, both costs and benefits, ultimately developing America’s economy. The industrial revolution during the post-Civil War era gave many benefits. During the late 19th century, the economic growth seen during this era was fueled by the outburst of technological innovation. Some of the most ingenious inventions of this time included the telephone introduced by
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This forced many farmers to migrate to cities and assume jobs in factories since the agricultural industry demanded less of a need for labor. Going back to the South, they were still recovering from the damage from the Civil War. They still suffered and remained economically unstable, unlike the North, who greatly benefitted from the industrial revolution. In addition, during this time, public interest being trampled and there was also a loss of free enterprise caused by capitalism attempting to stifle competition. The government also repeatedly provided funds and property to private enterprise. Business and large corporations during the industrial revolution resulted in monopolies controlling the economy. In order to maximize profits, they fiercely sought to control the markets. But the ones who greatly benefitted from the economic explosion were company owners who grew fabulously wealthy. These “robber barons” however, were intent on maintaining their positions of great power and wealth. J. P. Morgan, a wealthy financier, was often involved in schemes designed to eliminate wasteful competition. Competitors in most industries formed “trusts” to control prices and maintain profitability. Though on the other hand, Carnegie brought benefits to the American people by providing donations amounting to a million dollars to hospitals, library, universities, etc. (gospel of wealth). Also during the post-Civil War industrial revolution, the Native Americans continued to receive harsh treatment. Congress had carved out area in the West and encouraged many settlers to migrate to those lands. As a result, Soldiers forced Native Americans off the plains and onto
This forced many farmers to migrate to cities and assume jobs in factories since the agricultural industry demanded less of a need for labor. Going back to the South, they were still recovering from the damage from the Civil War. They still suffered and remained economically unstable, unlike the North, who greatly benefitted from the industrial revolution. In addition, during this time, public interest being trampled and there was also a loss of free enterprise caused by capitalism attempting to stifle competition. The government also repeatedly provided funds and property to private enterprise. Business and large corporations during the industrial revolution resulted in monopolies controlling the economy. In order to maximize profits, they fiercely sought to control the markets. But the ones who greatly benefitted from the economic explosion were company owners who grew fabulously wealthy. These “robber barons” however, were intent on maintaining their positions of great power and wealth. J. P. Morgan, a wealthy financier, was often involved in schemes designed to eliminate wasteful competition. Competitors in most industries formed “trusts” to control prices and maintain profitability. Though on the other hand, Carnegie brought benefits to the American people by providing donations amounting to a million dollars to hospitals, library, universities, etc. (gospel of wealth). Also during the post-Civil War industrial revolution, the Native Americans continued to receive harsh treatment. Congress had carved out area in the West and encouraged many settlers to migrate to those lands. As a result, Soldiers forced Native Americans off the plains and onto