New York rather than London became the world’s financial capital. This shows the war had a positive impact on the USA as they were increasingly depended on as trade suppliers and giving out loans to Europe, this meant that the USA’s economy benefited greatly as money was being spent on trade and interest was added onto the loans which meant they would receive more money than in they hadn’t loaned it out. When war broke out in 1914, the size of the United States army was relatively small at 120,000 strong. One of the first actions taken by the US government was to increase the size of the army through the selective service act. This introduced conscription via what became known as the draft.
It also had a stable government, which allowed for the people to begin industrializing in the first place, harbors for trade, a very large population resulting in a very large workforce, and many water ways throughout the country to transport materials and products as well as to use for water power at mills. There are several reasons why the Industrial revolution started in the first place. One reason being that there was widespread resistance to disease in Europe as well as a reliable food supply, allowing for steady population growth, which in return created more demand for products, which in turn resulted in new ways of producing products more efficiently in response to demand. As a result of Industrialization, a new economic philosophy arose. Capitalism called for the lack of government intervention in the economy.
Valuable resources like steel, coal and oil attracted investors from industrialized nations such as Germany, France and Great Britain, who were looking for new investment opportunities in the United States. Iron and steel were vital to America’s industrialization as they were necessary to make tools, weapons and the railroads. Entrepreneurs from abroad invested their money in the training of skilled tradesmen like mechanics and engineers, with the hope that their expertise would eventually stimulate more proficient methods of mass production of consumer goods. As newer and more efficient production methods were introduced, machines replaced hand labor and workers were then able to produce goods at a much faster rate than before. Large manufacturing firms hired thousands of workers and would appoint each one a specified task in the production process.
Wealth was gained from the Mediterranean trade, Silk Road, manufactured goods, and the colonization of land benefitted the empires greatly. The wealth helped establish cities and capitals, promoting economic and social change, and it was also distributed through the elites down to the other classes. The elites in the Han were able to afford silk garments, eat pork, drink aged wine, and buy more land from the poor. Also due to the wealth of expanding of the iron and silk industries, they were able to invent paper, which enable Chinese scribes to write more, and were less expansive than silk. The distinction the rich and poor hardened as the economy went up.
The innovations in transportation technologies brought forth an era of economic prosperity in the United States while strengthening the belief of sectionalism amongst Americans. Between 1820 and 1840 $200 million was invested in canal building across the United States, three quarters of which was provided by state governments. The construction of canals contributed to the widespread use of the steam boats which coupled with the inefficiency of roads .Although roads were good for the movement of people, they were inefficient and costly in transporting bulky goods thus making the use of waterways more appealing to merchants. This made waterborne transportation the clear alternative for trade; as it was easier, faster, and cheaper to use for moving goods. Merchants took advantage of the newly created waterways and the boom in the production and use of steam boats and railroads to move their cargo cheaply and move it further inland.
This meant that the fact railways were built news and especially political news got around to people faster which meant people were up to date on the news of politics. Also the other Social factor includes education therefore they are more politically aware and also more people could read and write. These played an important part in the growth of democracy in Britain by 1900. A final Social factor that increased the growth of democracy in Britain by 1900 was the Trade Unions who tried to and get better working conditions by claiming the vote and trying to get freedom of speech to make everyone equal. This then meant better employment and better work.
Britain Becomes a Global Power * Location placed England in a position to control trade * England offered a climate favorable to business and commerce and put fewer restrictions on trade then some of its neighbors * Britain was generally on the winning side in European conflicts * The British monopolized the slave trade in Spanish America, which brought enormous wealth to British merchants * England’s territory expanded closer to home In 1760, George III began a 60-year reign- born in England- eager to recover the powers the crown had lost; reassert royal power; wanted to end Whig domination; with the help of Parliament and his “Parliament friends” he began to assert his leadership The Colonies in the Mid-1700s A
The American Industrial Revolution changed many lives of many American during the 1800’s and early 1900’s. She was becoming one of the most important industrial nations during this period through aggressive political negotiations, economical and military power. Americans were discovering better ways of manufacture of goods, making transportation more reliable and creating communication more accessible to the general public. The population began to grow at a rapid rate and technological advances promoted the growth of industries in rural areas throughout the US. New technologies allowed business owners to reduce labor and the hours in the movement of materials from one point to the other.
However, with its $55.1 million The Avengers domestic cume now stands at a staggering $457.1 million which is the 6th highest gross of all time domestically;right behind Star Wars. What is more interesting is the celerity with which the film reached the $450 million threshold; a record 17 days which surpasses The Dark Knight's 27 day record by a significant 10 day difference. A North American gross above $540 million is guaranteed for Marvel's highest-grossing film of all-time--The Avengers. Internationally, The Avengers also amassed a powerful $56.0 million from 54 territories(95% of int. market) which is a decent drop of 32.5% from last weekend's $93.8 million.
It grew in numbers as well as locations and factories. The growth was a great contributory factor in the Industrial Revolution. It allowed higher wages, allowed better diets, made urban places better, and also brought people together in cultures. The Industrial Revolution impacted America economically, socially, politically, and morally. It has helped us to bring the world to where it is in the present.