During the 1920s, America experienced rapid industrialisation that impacted US society significantly. The US experienced numerous positive changes such as urbanisation, economic growth and the beginnings of consumerism. However, Industrialisation also impacted negatively in crafting the Great Depression. Industrialisation impacted on America greatly triggering rapid city growth and urbanisation. The increasing urbanisation lead to the development of existing city-centres.
Initially effecting the economy of Britain, the industrial revolution increased the amount of trade, and growing rapidly Britain was known as ‘’’the workshop of the world’, the centre of the world manufacturing, finance and trade. By the 1870’s, Britain had the most extensive railway system in the world to make transportation of raw materials easier, meaning more trade could occur, and English businessmen could acquire new markets for their trade. soon was a cause of the economic decline. Although the economy kept growing, the rate of growth wasn’t as much, meaning competition from America and Germany was a threat. This was named the ‘Great Depression’ and was a major change for the economic state of Britain.
The railroads was the first big business in the late 19th century that was a big part of the building the economy future. Railroads grew into a big and more integrated system with people like Cornelius Vanderbilt and Jay Gould who became the most wealthiest and powerful people in the country. Of course there were more developments like equipment standardization, time zones, land grants that made this business big. Railroads not only was the 1st bug business but contributed to the growth of other areas. Iron, Oil, and Electricity also grew along with the railroad industry.
This suggests that Russia’s economy was improving very early on and this method of increasing their economic power panned out to be successful in the long term, however this would only be successful if the peasants buying the land were productive. This also suggests that Alexander III was a productive Tsar who was determined to improve Russia’s status by taking control of the situation and making a difference. Foreign loans were introduced in the 1890’s by Vyshnegradsky and later carried on by Witte when he gained control of the economy of Russia. This was a process where other European countries, mainly Britain and France would loan Russia money so they could improve their economy. This was very successful in the long term for Russia because Russia was able to gain a foreign alliance that would help Russia in times of desperation.
Electricity, provided by new hydroelectric power stations and coal-fired steam-generating plants (making first head in 1910), was also an enormous factor in the Western societies’ advancement. Cities were lit up, telephones were created, and transportation methods were advancing at lightening speed. Along with all the technological advances impacting efficiency, they effected the prices of goods, now easier to transport and produce, and likewise the governing of markets; cartels began to make face. A world economy was emerging thanks to the growth of marine transport and railways. Consequentially, all of these changes took a toll on the societies expression.
CHAPTER 28 The New Power Balance, 1850–1900 CHAPTER OUTLINE I. New Technologies and the World Economy A. Railroads 1. By 1850 the first railroads had proved so successful that every industrializing country began to build railroad lines. Railroad building in Britain, France, Germany, Canada, Russia, Japan, and especially in the United States fueled a tremendous expansion in the world’s rail networks from 1850 to 1900.
During the mid-nineteenth century through the beginning of the twentieth century, America went from being an agrarian rural society to an urban industrial one. With this shift, America experienced an explosive economic growth. By 1913, the nation was producing one third of the world’s industrial outcome. America started to become a more industrial nation since it was enjoying abundant natural resources, a growing supply of labor, an expanding market of manufactured goods, and the availability of capital for investment. The federal government played an important part as well since it promoted constructions by granting land to companies and using the army to remove the Indians from western lands desired by many.
Maybe one of the most important was the improvement of our nation’s railroads and communications network. This development permitted the abundant agricultural and mineral resources of the western parts of the country to be brought into profitable production. The Industrial Revolution of the period did increase the number of urban jobs and encouraged rural residents to move to urban centers for work and an improved standard of living. Technological innovations in transportation and construction contributed to urban migration, allowing urban residents to live further from their jobs than walking distance. Such technology led to suburbs with groups living in neighborhoods of similar social status.
Such supplies ranged from ammunition to clothes and so forth. To sustain the growing economy, the immigration policies had to be reviewed in order to increase the human capita. Canada found itself with a more open immigration policy in the decades after WW2 due to an increase economic output and need of skilled workers. The immigration policy saw many reviews due to the constant economy changes and needs. The influx of immigrants accepted had many positive effects on the Canadian economy and society but as any positive effect, there were some negative effects associated with accepting the large number of immigrants.
DBQ Essay 10/11/12 During the 1800's, construction of the Transcontinental Railroad, and the Erie Canal led to great economic growth in the U.S. They both made transporting easier during 1860- 1890. The Erie Canal led to great economic growth in many ways. One way was that it made transporting easier for people and their goods. They used the Erie Canal for many reasons, but the main reason was to bring goods to and from places to make a profit.