Much of this investment came from already industrialized countries like Germany, Great Britain, and France whose business owners looked for new investment opportunities in the United States. These investors put money into the work of mechanics and engineers with the expertise to develop new, more efficient ways of mass-producing goods. Machines benefited the United States by allowing business owners to specialize in the production of goods and manufacture them in large quantities to distribute throughout the nation or export. As a result, the cost of mass-produced goods went down as their quantity went up causing industrial profits to rise. With the creation of transcontinental railroads and telephones, marketing nationally was available to distribute these goods.
Therefore the money raised helped the American economy and living standards which hence shows how the Americans could be seen as the successors of the War. However, although the USA has military success, they also faced a lot of consequences from the war leading to military failure, which challenges the
They wanted to extend their political, military and economic control all over the world. With the booming economy in the United States in the late 1800s, there was a problem with the surplus of goods. Excess production led to declining profits. Americans needed more consumers to buy their products. Industrialists wanted trade to expand into new overseas market where American products could be sold.
Mass immigration into the USA stretching from the end of the 19th century and well in to the 20th supplied an affordable and readily available source of labour willing to work cheaply in the growing industries, the new immigrants boosted the American economy in two ways; an increased demand in housing and food as well as other day to day commodities profited the economy, but also the cheap labour they provided allowed big businesses to grow. By European standards, where the majority of immigrants were coming from, work in America was well paid, hence the birth of the American Dream, so it became easy for businesses’ to lower standards as jobs could easily be filled, and they would profit, along with the economy. The American government also had a large part to play in the success of the American economy after 1890; before 1900 the US Government had a laissez-faire policy on economic matters
Imperialism, also called empire building, is when a country expands geographically, to earn capital, for religious reasons, because of humanitarian concern, of simply because of the Nationalism in the “mother” country, which desire to demonstrate that their country was the best and should that to the whole world. Many historians say that the economic interests were the most important driving force of Imperialism. The economy was annexed to the industrial revolution during the 19th century. This meant Europe was experimenting a change in his traditional ways of earning capital. In the 19th century the economy was based in intensive labour , manufacturing goods, machinery, specialised labour, factories, etc.
Men are entitled to own slaves and this right has always been protected. Allowing the Africans to become free would disrupt our county’s progression. Moving forward is a priority for a strong economical country. According to a New York Bureau of accounts report, “It would be wise to permit colonists, and other farmers to import as many Negroes as they could purchase for cash, assist them on their farms, as these slaves could do more work for their masters, and were less expensive than hired laborers.” Slaves provided cheap labor, which left big promises for a booming economy. With the ideas of slavery many men will become and remain profitable and money will only benefit our society and allow the United States to grow.
Economic motives included the desire to make money, to expand and control foreign trade, to create new markets for products, to acquire raw materials and cheap labor, to compete for investments and resources, and to export industrial technology and transportation methods. Political motives were based on a nation's desire to gain power, to compete with other European countries, to expand territory, to exercise military force, to gain prestige by winning colonies, and to boost national pride and security. Religious motives included the desire to spread Christianity, to protect European missionaries in other lands, to spread European values and moral beliefs, to educate peoples of other cultures. Exploratory motives were based on the desire to explore "unknown" or uncharted territory, to conduct scientific research, to conduct medical searches for the causes and treatment of diseases, to go on an adventure, and to investigate "unknown" lands and cultures. Originally Ghāzī warriors depended upon stealing to make a living, and were prone to incitement to rebellion in times of peace.
Mercantilist legislation passed to expand ports such as Liverpool and Glasgow ensured more exports and imports could be carried out due to the new size and sophistication of the ports = extends trade, revenue and wealth, more funds for war and overseas domination Para 2: Trading companies also played a part in the expansion of empire but could not have flourished without mercantilism. * Trading companies created links with governments abroad - EIC relationships with the Moguls in India lead to them being granted a firmum allowing them
Though there are some beneficial events, it was an overall devastating era. After the war of 1812, the people of the United States felt enormous pride in winning a war against the almighty Britain and used their nationalism to inspire improvements, such as Henry Clay’s American system. It consisted of the Second National Bank, a strong banking system, the Tariff of 1816, which raised money for the protection of American manufacturing goods, and internal improvements such as networks that build roads and canals which made better transportation to flow foodstuffs and raw materials from west and south to north and east. This shows that America had become a more self-sufficient government and started growing its own national identities. Nationalism also helped the push for westward expansion and the Monroe Doctrine.
Hamilton’s theories on the American economy were commonly respected and accepted as valid. American leaders recognized that expanding the workforce was the fastest way to get the economy up and running. Especially the incorporation of immigrant workers was a leap towards industrial efficiency. Hamilton foresees they “would probably flock from Europe to the United States to pursue their own trades or professions, if they were once made sensible of the advantages they would enjoy”. Immigrants were optimistic; after all, they had chosen to attempt an American adventure and wanted to live the American dream.