The Changing Economy: 1865-1939 Essay

After the civil war, businesses began to become big, they grew significantly in size, number and mostly in influence. Different corporations and businesses grew so much that they had a big effect and so much power and control in America. the businesses began to influence the people of america, the politics and the economy in america. As these companies and businesses grew, some became really powerful which was a good and bad thing. In post-Civil War United States, big businesses and corporations grew with both positive and negative impacts on politics, the economy and the responses of Americans.

The 1920’s are commonly referred to as the Roaring Twenties. Many factors during the time played significant roles in earning the decade this name. Economic conditions and developments in the arts and entertainment were some of the most impacting among these factors. Economic conditions and developments in the arts and entertainment helped create the reputation of the 1920’s as the Roaring Twenties. Economic conditions gave people a feeling of economic prosperity. They also allowed people to buy a lot of things on credit. Developments in the arts and entertainment created a culture of free expression by granting women the ability to express their opinions more clearly than they were able to in years prior and encouraging jazz and dancing.

e. Workers: the workers were given less money when the prices of the goods decreased.

After the Civil war, large businesses ruled America. Prior to the industrial revolution, the government upheld a hands-off approach towards business. Under the laissez-faire principle, free, unregulated markets led to competition, yet this system suffered under the wrath of growing corporations. The impact of big business on the economy and politics was immense during 1870 to 1899. Corporations were growing significantly in number and size, which had a domineering affect on American economy and defined American life.

Hoover was beginning to demonstrate conservative beliefs even before the onset of the Great Depression. Document A shows Hoover’s wish to avoid being thought of as a complete supporter of laissez-faire ideas. He appeared irresolute when it came to preserving the capitalistic society of the 1920s. During this time, society was managed by corrupt political bosses, such as Tweed. The American economy had flourished under the private interest policies of Harding and Coolidge, which forced Hoover to promise the American people that he would not abandon the laissez-faire economics, which had been so successful during past presidencies. Hoover was sure, however, that working class Americans would not be opposed to restricting unfair business practices. Documents B and C depict Hoover’s lack of support for private interest or public purpose policies. In these documents, Hoover stresses the significance of individual interests

The main economic hurdle the country faced was centered in the south. After the war many Southerners were dependant on federal aid subsistence and the emancipation proclamation cost the South $2 billion of it’s capital (Farmer). Furthermore, agriculture had been what maintained southern economy but post-war most farms and plantations were desolate and many of the few railroad tracks that were there before had been destroyed. Historian Charles Beard looks at the war as, “the triumph of the forces of industrialism over plantation agriculture.” However this is not entirely true. While there was some movement towards industry, the south was still primarily agriculturally based and had adopted a system of sharecropping to do so. It took until 1867 for

The Gilded Age was a very special time for our nation that took place from the 1870s to around 1900. During this time, economic growth was at a rapid increase, politics were corrupted yet had high turnouts, and urbanization flourished. Every aspect of the life of an American changed drastically throughout this time of the Gilded Age. The entire era was focused on the enormous changes that each aspect of America was going through. As this is brought to attention, if we are to look into the way that America is in our time of today, we can find that there are many similarities to that of the original Gilded Age. The United States of America have currently found themselves to be experiencing the second era of the Gilded Age throughout the areas of economic, politic and social transformation.

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.

After the Civil War, the nation witnessed two major social-economic movements: Reconstruction and Industrialization, which changed the country completely and made it one of the greatest industrialized countries in the world. However, it changed not only the country, but also, the society, its way of life and traditions.

The second effect of the North’s victory over the South is a new financial system. The American Civil War destroyed the

The Civil War ended shortly before the postbellum period. Due to the proximity in timing, it has lead many economists to examine if there was anything about the civil war that spurred the economic growth. The Beard Hacker Thesis argues that the civil war stimulated the economy and propelled industrialization based on demand from the war industries and civil war legislation. During the war, many goods were in high demand such as firearms, boots, and iron. The wartime legislation

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.

This established the idea that people would become “self-reliant”. Individual success was encouraged and government intervention was to be kept minimal. People aspired to achieve these objectives, for example, earning respect, conquering individual goals and measuring success by gaining material status. Laissez Faire was a philosophy used by previous conservative US Presidents, which also promoted minimal government involvement. As America became more industrialised the system faced many problems. The lack of government participation in both of these theories is what led to the American government only coming to the realisation of an economic crisis when it was too

The economic crisis that showed all the contradictions of capitalism led to an increase of a deep political crisis in the USA in late 1920?s. October 29, 1929 is known in the American history as the Black Tuesday. It was the date, when the American stock market collapsed. In such economically difficult situation, in November 1932, a regular presidential election took place. The Democrat Franklin Roosevelt, who spoke with the program the New Deal, came to presidency. It was a series of social liberal programs applied in the United States in 1933-1938 in response to the Great Depression. The New Deal was focused on three main principles: relief, recovery, and reform.[footnoteRef:1] They promised to bring the country to prosperity and economically stable future. However, the Conservatives criticized the New Deal during the whole period of the reforms. It was expressed by Herbert Hoover in Anti-New Deal Campaign Speech in 1936 and Minnie Hardin in 1937 in a Letter to Eleanor Roosevelt. [1: (notes)]

Industrialization after the Civil War impacted society, economy, and politics significantly. It appears as though one element enormously affected the other. For instance, the financial strain between the North and South extraordinarily affected to the political pressures that were available. Despite the fact that society overall began getting more agreeable as the economy began growing up noticeably more effective and stable, there was much rivalry in the work place because of the expanding number of settlers and immigrants from Europe and Asia going to the United States to work.