Before 1790, the American economy started to grow due to Alexander Hamilton’s activity. The most evident developments appeared within the domestic sector. His policy included funding of the internal, foreign, and state debts, as well as the foundation of the First Bank of the US. He also managed to establish a decent credit basis. However, during 1790-1860, such factors as alterations in transportation, communications, and agricultural production lead to tremendous growth in the whole US economy. Agriculturalists, land speculators, and merchants were considered as the main investors in transportation corporations. While merchants and speculators were investing money with ...
Essays on Railroads
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(A) What are the most important developments and evidence that would support an argument that the period since about 1750 has seen the rise of a new and different “modern” way of living that is fundamentally different from the way people lived in the premodern world? There have been a variety of important developments that have taken place since 1750. These developments have fundamentally altered the way that people live in the modern world compared to those that lived in premodernity. Today, people live and work in very different contexts and socialize much more broadly than they did in ...
Industrialization after the Civil War Final Paper
Strayer University This paper was prepared for HIS 105 Contemporary U.S. History
Taught by: Dr. James Allen
Introduction This paper will discuss some aspects, affected groups and effects of the industrialization of the US after its civil war. Particular attention would be on the change from a primarily agrarian economy to an industrialized one in what was called the Gilded Age or the Second Industrial Revolution.
Growth of Transportation and Manufacturing
After the Reconstruction revived the economy and society of the South to bearable levels, the nation shifted its energies to expanding the industrial base of the North to the rest of the country. The railroad industry paved the ...
Abstract
Introduction The history of Europe indicates that communication in the region was only limited to certain route maps. The route maps were drawn to connect different stations with orders being sent out with messages. Although in some cases the message was written covering sensitive issues, the messages were dictated to the messenger and repeated to the receiver. This system was highly inconvenient since the individuals were often pushed into placing their trust on an individual and the telegraph came to end this (Carey 12). Distortion of the messages often led to the need for repetition or affected how well ...
The timespan between the post-colonial era and the early 20th century was marked by a specific rise in the urban culture (‘city life’) in America and there were some uniquely identifying characteristics of this emergence of the city life. This essay aims at exploring the various identifying aspects of the American cities that separated them from the rest of the country and conditions that led to a widening social stratification between the lifestyles of the rich and the poor in these cities. In order to understand the various unique characteristics of the American urban life during the chosen era, ...
RAILWAY EXPANSION AND THE AMERICAN ECONOMY, 1860-1890
The late nineteenth century in America was marked with the progress of industrialization. During this time, the country experienced changes and developments that would have a lasting impact on various aspects of life as new industries began to produce an urban working class. One of the most important developments from this time was the railroad, which allowed for major expansion across the country. From 1860 to 1890, railroad networks were built across the United States, connecting the country from coast to coast in ways that had never been imagined before. The railroad was arguably the most important development that ...
The purpose of this paper is to compare the Constitution of the United States of America and the State of Texas, find and analyze similarities and differences that exist between these two documents. While reading these two legal documents one cannot but notice the similarity of used vocabulary and style of writing. In the preambles of the both constitutions, there is an emphasis on the public will that established these documents. However, in the Texas Constitution, there also is a religious motive, as the people of Texas are “humbly invoking the blessings of Almighty God” (The Preamble). Apart from ...
In what ways were railroads America's “first big business,” as Glenn Porter claims?
Glenn Porter claims that railroads revolutionized management, created new forms of corporate finance, altered competition practice and changed labor relations (Porter, p. 34). Railroads were first businesses that required a huge amount of money to be built. They were pioneers in the calculation of cost analysis and future demands. Moreover, they were first to practice performance analysis of employees. The impersonal bureaucratic setting of “big business” company was first incorporated in railroads. The railroad workers were first to organize themselves into labor unions. Thus, railroads introduced many practices that became the key features of big corporations. You have read ...
The Myrtle Beach area in South California is a resort place called in touristic guides “The Grand Strand” (Myrtle Beach Guide, 2012). According to information from the Yahoo! Travel, the Myrtle Beach has won the prestigious reward of the “World’s Best Beach 2012”. This place can offer the travelers a wide range of services satisfying any lifestyle category: from exciting sports events to quite family rest. In order to meet the business and leisure requirements of tourists, various Myrtle Beach area communities promote surveys and research activities while the responses obtained during the study significantly help the government ...
Question One
System An estimate of between 200 to 1000 migrants and homeless people has set camp “along the railroads tracks west of Quincy, FL, and South of US 90.” The camp in question sits on a ground that is susceptible to tornadoes. Specifically, the ground is marshy coupled with the fact that it has been “in the path of several tornadoes” in the past. The underlying problem is that the evacuation plan and other emergency response mechanisms might not be effective in the event of an emergency. This potential failure is attributable to the fact that the camp residents might ...
Introduction
An invention takes place due to the need of some technological growth in a society and its development is based upon factors like inventions, property right, demand of the technology and encouragement. The introduction of steam engine and locomotive had deep positive and negative effects on European communities; it brought positive and negative impacts creating huge turn points in history.
Steam Engine Locomotive
The Steam engine locomotives used to run on the basis of steam engine. The steam trains were powered by those steam engines which consisted of system of cylinders compressing the superheated steam in order to pressurize it. After the ...
Antitrust Law: The Great Northern Railway
Introduction One of the wonders of the free market is that there are no restrictions when it comes to buying and selling products and services. However, this advantage comes at a cost as well. Due to total freedom, people and companies are theoretically free to impose whatever prices they dictate for the goods they sell, without regard to the welfare of their customers. This is exactly what happens in monopolies, wherein only one company holds the control of a certain commodity or service. Monopolies are usually seen as bad because they do not adhere to the laws of supply ...