The South between 1877 and 1900 had an economy based on building railroads, factories and new industries, however, the results of the South’s economy paled in comparison to …show more content…
Corporations had two major advantages that made it more appealing to investors: firstly, a corporation can outlive its founders due to its durability with long-term planning and secondly, a corporation’s officials and shareholders are not personally liable for its debts. Therefore, people who ran the corporations were not personally held accountable if the corporation went bankrupt. Many large corporations’ goals were to build plants, form alliances or buy companies, worked on creating new technology advancements, and hire workers. Corporations focused a lot on technological advancements to further improve the pace of producing products, improve the products and to lower the costs in comparison to its competitors. Despite the growing expansion of many of these corporations and the need for workers, corporations were in full control of the wage and benefits that caused a major backlash with rising alliances such as the Southern Farmers’ Alliance and Colored Famers’ Alliance. Corporations make many of their decisions based on what cut costs the most and what will allow the corporation to make the most profit in their company, despite the poor working conditions and environment of their workers. America was a utopia for many immigrants who sought a better quality of life, sustainable jobs to escape poverty and freedom from their …show more content…
Technological advancements created the booming industrialization that created an abundance of jobs and created a working society with every American serving a different function in the