Capitalism In Early America Essay

During the post-civil war era, America, specifically the south, was undergoing a period of reconstruction. The general goal of reconstruction was to successfully readmit the former Confederacy back into the Union as smoothly as possible, as well as enacting specific safeguards of freedmen’s liberties. The social and constitutional developments in America between 1860 and 1877 were very minor. The lack of change between pre and post civil war status could hardly be considered a revolution.

The Stamp Act Crisis in Boston, Massachusetts quickly became a centralized location for further detest to the British law. Colonists fought against the stamp act with fury and anger. Nash adds to the compelling reality that dregs had little or nothing to lose compared to the Elite colonists in the fight with Governor Thomas Hutchinson and brother-in-law Andrew Oliver, both were sent by Britain to restore order and invoke the laws. The common worker had their hands in on the destruction of Hutchinson and Oliver’s property during one of their mob riots as mentioned in source three.. Ebenezer MacIntosh was viewed as “The principal leader of the mob,”(63) but by no means were these acts set in play by anyone other than British Parliament’s forges for rapid wealth.The common people brought Parliament’s ability to tax to a screeching halt.

     During 1790-1860, there were many reformations taking place and many events that lead up to the reformation of this very inexperienced country, of America. All these events effected the United States different ways and caused many grievances for the young people living in America. In 1790 we firmly incorporated the first American cotton mill which led to the economic augmentation of the United States. In 1791 we established the Capital of the United States in Washington D.C., and Alexander Hamilton establishes the first bank of America. In 1794 in Pennsylvania there was an uprising called the Whiskey Rebellion. People were rejecting the taxes on their way of life, and that was whiskey.

Capitalism can be defined as “when monetary wealth was enabled to buy labor power” (Wolf et al. 77). By the time that “The Legend of Sleepy Hollow” was written, Capitalism was the dominant mode of production, and capitalist markets were spreading rapidly. This became especially true in the United States of America, which was heavily influenced by the British in matters of economy. Since capitalism was born in England, the influence of capitalism bled over into America while they were still under British rule (Wolf et al. 2670). However, by 1820, the year that “The Legend of Sleepy Hollow” was published, the United States fully adopted the capitalist mode of production, along with the technological advances of the Industrial Revolution. This embrace of the new economic system changed the ways of life for people in both New England and New York, along with the entirety of the country.

An American writer, Susan Sontag, stated that capitalism is, “the ideology [which] makes us all into connoisseurs of liberty—of the indefinite expansion of possibility”. From 1850 to 1907, there was a mass immigration to America and the rise of ‘Gilded Age’ which the United States population and economy grew quickly. Capitalism is a social and economic system where both the means of production and any associate trades are privately owned. During 1850 to 1907, there were a number of factors which contributed to the rise of Capitalism such as: significant entrepreneurial figures such as Henry Ford; mass immigration and cheap labour; and Railway and telegraph lines expansion to transport goods to be sold.

The phrase ‘Rise Of Smokestack America’ is often used in reference to the industrial revolution during which America’s industrial growth led to the growth of factories and modern cities, the development of social classes due to division of labor and race. During this period, the American labor force transformed tremendously as the nation evolved from a largely agricultural society into a relatively modern society.

Between 1865 and 1920, industrialization caused significant changes in many people’s lives. First, the development of a new railroad system help settle the west and made it more accessible to people. Second, public transit systems in big cities provided an outlet from congested cities. Last, the discovery of a method for transmitting electricity helped to light up our daily lives. I feel that these are three of the most important changes in people’s lives caused by industrialization.

The late 19th century and early 20th century, dubbed the Gilded Age by writer Mark Twain, was a time of great growth and change in every aspect of the United States, and even more so for big business. It was this age that gave birth to many of the important modern business practices we take for granted today, and those in charge of business at the time were considered revolutionaries, whether it was for the good of the people or the good of themselves.

As the age of Reconstruction ended, the Gilded Age of big businesses began in the United States and with it came new jobs and goods for Americans. When new corporations became more successful, it made an immense impact on the economy, the political system and the lives of citizens. Economically, the cost of food and living went down significantly as well as a surplus of jobs. Political leaders were corrupted by big business as their decisions and laws were influenced by the wealthy class’ bribes and stealing from the common man. Though mass production allowed goods to be made quicker and in greater quantity, the workers’ horrible working conditions and remarkably long hours caused the creation of unions and strikes. Despite the great effect big business had on the economy in the Gilded Age through the decline in the cost of food and fuel, the daily lives of average working-class citizens were negatively impacted by long hours, horrid working conditions leading to unions and a corrupted political system.

nation's great cities and as oil refining rose so did the popularity of the automobile. With these

Accurately established by many historians, the capitalists who shaped post-Civil War industrial America were regarded as corrupt “robber barons”. In a society in which there was a severe imbalance in the dynamics of the economy, these selfish individuals viewed this as an opportunity to advance in their financial status. Thus, they acquired fortunes for themselves while purposely overseeing the struggles of the people around them. Presented in Document A, “as liveried carriage appear; so do barefooted children”, proved to be a true description of life during the 19th century. In hopes of rebuilding America, the capitalists’ hunger for wealth only widened the gap between the rich and poor.

The Gilded Age was characterized by rapid industrialization, reconstruction, ruthless pursuit of profit, government, corruption, and vulgarity (Cashman 1). After the Civil War, America was beginning to regroup as a nation. There were many other changes developing in the country. Industrialization was taking over the formerly agricultural country. The nation’s government was also in great conflict (Foner 20). Many changes occurred during the Gilded Age. These changes affected farmers, labor, business, and politics.

The market model of economy, developed by Adam Smith entails a freely flowing economy that places little or not restriction on occupation allowing individuals utmost rights. America took on an ethos of a mixed economy of market and command that struck a successful economic equilibrium. American economy also changes with different periods of history. The Civil War had lit the spark of industrialization needed to enhance the American economy. Technology advanced by leaps and bounds and free labor was done away with to make room for Industrialization and Adam Smith’s market model of capitalism. Capitalism was a promoter of the entrepreneur and individual success. It was only natural that during this time of private interest the gap between rich and poor would be greatly widened and a state of disorder might arise. Capitalism was a new ideology and drastic labor problems and social disorder arose because Americans were simply adjusting to (and taking advantage of) the new system.

During the rise of industrialization, the United States had just ended the Civil War and was starting to move on. People had an aspiration at this time to make a more than decent living for themselves, and the economy was at the right spot for this to be possible. This time period in American History is referred to as the Gilded Age, termed by the famous author Mark Twain, which simply means covered in gold; however, Twain did not necessarily mean this in a good way. He believed right under the surface of this gold plating was still problems with the American society that didn’t look so appealing. This essay will discuss how practices during the rise of industrialization during the Gilded Age shaped the American work and labor force.

How did the rise of industrialism and corporations change the nature of American society in the late 1800s? Was it good? In the beginning of the industrialism and corporations era, America started as technology borrowers. We would send people over to Europe to acquire the necessary skills to create/build machines and tradeable goods.