Both economics and politics experienced radical changes during the Early Republic period in America. Remarkably subtle but undoubtedly significant was the development of a recognizable middle class during the Early Republic. This revolution can be attributed to what Wood refers to as a “consumer revolution of immense importance” and through the pervasive spread of commerce. A newfound appreciation for domestically internal trade and the recognition of the significance of this internal trade increased prosperity and gave more people enthusiasm for business. The quantity of those involved in buying and selling increased exponentially and in response, the development of modern day concepts such as businessmen and entrepreneurs arose.
This can be demonstrated through the examination of urbanization, the rise of new classes, theories (by Smith, Malthus and Ricardo), and factory conditions. The industrial revolution began with tinkers introducing new inventions that were going to dramatically improve the way people produced goods. These new machines (such as the water frames, cotton gins, power looks, and the spinning jenny) enabled different industries (like the Textile industry to produce products in mass quantities. In consequence, these new methods of production made other approaches such as the cottage industry obsolete. These new techniques may have allowed for ample production of goods and prices of goods to drop, ultimately increasing consumerism; inevitably though, it had a destructive effect on the old-fashioned methods of production.
The birth of middle classes created a domestic market for luxury goods, which in turn boosted the economy. Further capital was generated by entrepreneurs. Also, the speed of British society changing was in relation to the happenings in Europe, such as the occurrence of wars. Britain's period of empire meant she could gain further raw materials - through external factors such as colonial Britain. Consequently, this encouraged demand from abroad and wide areas of new trade opened up for Britain to enter.
Since its declared independence in the late 1700s, the United States has become one of the most industrialized nations in the world. This was caused by major changes that occurred in society between 1890 and 1920. Social changes included the spike in gangs and tenements, along with changes in the role of African Americans Political reform also took place as a result of social change. Along with social and political change came economic change, which took the shape of legislation such as the Anti Trust laws, which increased exports in the United States between 1870 and 1920. Industrialization also caused an increase in urbanization.
The USA started exporting and importing goods with other countries. So, to keep up with demand, we had to produce more, which led to factories and labor unions. Also, the Railway Act that President Lincoln signed helped spur the Industrial Revolution
The development of these technologies changed transportation, manufacturing, and even communication. These technologies also contributed to creating huge factories, through standardization, and thus furthering urbanization. The assembly line was a massive factor in industrialization, although it was invented pre-civil war; it allowed the mass production of goods and increased worker efficiency. People were now able to afford things that only the wealthy would have been able to afford in the past. On the other hand, the assembly line did indeed deskill many workers, and further reorganized how the people made a living.
There were many new inventions that bettered peoples lives. Many inventions had evolved over time thus manufacturing / produce quicker, easier, more efficient, and faster. In the time period between 1823 and 1883, there were many changes between how machinery evolved and numerous results of the use of machinery. They now used machines used by power instead of machine by hand. In 1823, machines such as hand cards, roving by the hand wheel, and spinning by the hand wheel were all machines powered manually by hand.
The American Century built a completely new era of economic order. Globalization and Americanization soon became accentuated in the world’s economy with similarities between American consumers and other nation’s consumers. Americanization is put in terms with Globalization through the adaption of capitalism and mass consumerism globally. The majority of Western Europe and Japan were allured to America’s consumerist economy. These dramatic changes and the globalization of American corporations signaled the “Americanization” of the world.
The Itinerant merchant and his role in urbanization, the division of the church, the crusades, and the ‘protestant work ethic’, the explorers and the conquest of the new world, the breakdown of the feudal system, the school of thought, especially that of Adam Smith. The people changed, from a settled economic society to a very commercial people, whose attitude changed to one of making money. All of these attributes paved the way for the capitalist world we have today, which first emerged in Western
Although there are many key elements of the rapid industrialization during the 19th century that aided in producing the outcomes (Urbanization, Social Classes/Living Conditions, Inventions), the most significant features that gave life to industrial and social progression were the introduction of mechanization, and the improvements made to transportation during the era of the Industrial Revolution. Mechanization: The first and one of the most important positive aspects of the Industrial Revolution was the mechanization of most labor methods, which allowed for a higher rate of production for and contributed greatly to the economic expansion and development of Western societies. The first example of mechanical introduction during the early years of the Industrial Revolution was that of the cotton textile industry. Prior to the inventions of Elias Howe (sewing machine) and