How Did The Second Industrial Revolution Affect The Economy

Railroads were faster and cheaper than canals to construct, and they did not freeze over in the winter. Steamboats played a vital role in the United States economy as well. They stimulated the agricultural economy of the west by providing better access to markets at a lower cost. Farmers quickly bought land near navigable rivers, because they could ship their products out to other countries. Due to the foreign trade it helped strengthen the trade relationship between New England and the Northwest. The transportation development had many positive economic changes in the United States.

Business growth on both sides of the country was expedited by a new form of cheap distribution into profitable, expanding markets. Easy transportation facilitated the concept of business travel and expansion on an unprecedented scale. However, some of the largest impacts of the Transcontinental Railroad can be seen through the cross­country exchange of ideas. Before the railroad existed, the only fast exchange of information was written through the pony express. The Transcontinental Railroad created an outlet of communicating new ideas and information in person. A smooth and swift cross­country exchange of people and ideas not only made America more infrastructurally sophisticated ­­ it acted as a foundation for the Western United States to grow from very little to the political, social, economic, and technological center that it is today.

The railways became an important system that guided settlement and delivered economic opportunity for much of the United States. Railroads allowed access to places that people had no means of getting to and provided an opportunity to develop cities and towns

The new government views in the late 1800’s helped to promote America’s huge industrial growth because not one party controlled the government anymore; so all views were used to formulate new ideas.

The railroad system improved the US economy by allowing for mass imports and exports. In 2014 alone, the US was able to export 32.7 million tons of chemicals and petroleum,

“Before the building of the Transcontinental Railroad, it cost nearly $1,000 dollars to travel across the country. After the railroad was completed, the price dropped to $150 dollars.”(History.com Staff). Prior to the railroad the average citizen of America could not afford to travel across the country cheaply. America waited for a means of transportation which would connect them from the Western to Eastern states. The responsibility of creating the railroads were left up to construction companies. Once this invention was created, traveling became quick, easy and affordable. The Transcontinental Railroad could be defined as the most significant change in America, during the 19th Century.

During the late 1700’s, the United States was no longer a possession of Britain, instead it was a market for industrial goods and the world’s major source for tobacco, cotton, and other agricultural products. A labor revolution started to occur in the United States throughout the early 1800’s. There was a shift from an agricultural economy to an industrial market system. After the War of 1812, the domestic marketplace changed due to the strong pressure of social and economic forces. Major innovations in transportation allowed the movement of information, people, and merchandise. Textile mills and factories became an important base for jobs, especially for women. There was also widespread economic growth during this time period

After the Civil War, the United States went through a period of rapid industrialization which affected the nation dramatically. Industrial growth, the spread of railroads, the rise of big businesses, and the appearance of labor unions during these decades created a modern industrial economy, and American workers and farmers faced new challenges in adapting to these changes.

The industrial revolution had many impacts on Americans over the years. From moving slowly in manufacturing to pushing out tons and tons in mere hours. Although that sounds amazing for america it also raised the slave industry due to the mass production of materials that needed to be gathered by hand. In the rise of the slaves the inhumane way of treating slaves popped up where slaves were treated like a brand new dog where they were all lined up together and examined resembling actions of a dog pound and a new family is adopting a new dog. There physical features were precisely judged In fact so inhumane that parents got there kin ripped away from them.

     The United States was moving from a farming country to a strong industrial country. With the Invention of the railroad many new businesses formed. Giving the ability to ship supplies from coast to coast on the transcontinental railroad. It gave companies like Sears Roebuck and Standard Oil the ability to sell their supplies and stuff all across the United States. The railroad played a huge part in the United States

The railroads helped connect all parts of America. This allowed goods and people to be moved all over. Farming was becoming

1712 - The first practical steam engine is invented by Thomas Newcomen. Steam would become an important source of power for the Industrial Revolution. 1760 - The First Industrial Revolution begins around 1760 in the textile industry in Great Britain. Over the next decade, manufacturing will move from hand production in the home to machine production in factories. 1764 - James Hargreaves invents the spinning jenny allowing a worker to produce multiple spools of thread at the same time. 1781 - James Watt patents an improved steam engine making it useful as a power source in factories and other applications such as steam boats and trains. 1779 - The spinning mule is invented by Samuel Crompton. 1793 - The Industrial Revolution spreads to the United

The power of revolution has always been one of the major forces that drive human beings to become more powerful and more liberal. Revolution often brings people a whole new value toward their future but usually comes with some other sacrifices. The ‘Second industrial revolution’, also known as ‘Age of Steel’, happened after the year 1850 and it had an enormously huge impact on not only European nations but also the entire human civilization.

Change is everywhere, the Second Industrial Revolution was an example of this change with an emphasis on technology between 1880-1914. During this time there was mass politics, steel, electricity, and chemicals creating a mass economy. Steel mills were most important, producing cheap steel fast, as well as an advantage to those who were preparing for war or any military advancement. Electricity was available to all, revolutionizing the work industry, homes, and changing the fuel factor where there was no longer coal being produced as much. Lastly chemicals, specifically chemical fertilizers which meant no more famines, larger crop yields, paper, plastics, and glass were all manufactured quick and cheap. Each of these were not only part of the

During Western settlement, the U.S. economy benefited greatly. In 1862 and 1864 the Pacific Railway acts were passed, these acts gave large railroad companies land grants and loans so that they could pay for construction costs. In return, the U.S. government asked the railways companies to use their railroads for the transportation of U.S. troops, and mail. This deal helped the railroad companies involved capitalize on government funding. According to Deverall and White, they state, “The transcontinental railroad increased both economic and the population in the West” (592). This shows that the economy grew, and so did the population, all because of the transcontinental railroad. Lastly according to Deverall and White, “Railroads has become one the biggest