The Global Economy Has Changed Over Time

As America was booming from government policies and new technology, population changes also took effect to contribute to the rise of industry. Population was steadily rising due to immigration, migration, and improved conditions of living. Millions of European and Asian immigrants came to America in search of a more promising and successful life. These immigrants created a growing work force that big industries took advantage of by using the minimally paid workers to help produce more for their companies. Along with westward migration in America, “In the post-civil war period, cities swelled in population as a twin migration of immigrants and rural Americans flocked to the glittering urban environment” (Riis 320). This urbanization solidified the transition of the nation from an agricultural economy to an industrial one. Also in the 19th century, population was at a high compared the past because of improvements in health care, a higher reproduction rate and a better standard of living. These population changes provided America with a large, growing consumer economy that allowed industry and business to thrive.

Over time, transportation has shown to have an incredible impact on the United States. It has revealed to bring about economic and social changes in various ways. In the late eighteenth century ancient methods of traveling were still in use in America and it was often very slow. Americans were aware that if transportation advancement occurred, it would potentially increase foreign trade, increase land values as well as strengthen the American economy. In the mid 1800s it has been determined that transportation advancement has a drastic effect on our

The industrialists of the late 19th century were “captains of industry” because they created new industries that further flourished the United States and its economy. Railroad tycoons such as “Cornelius Vanderbilt, James J. Hill, and Jay Gould” created the “transcontinental railroad [that] would allow for settlement of the west, new markets for eastern manufacturers, and relief to overcrowded eastern cities” (“Binding the Nation by Rail” 1). The railroad system connected those who are thousands of miles away and allowed goods to reach parts of the United States that it could not previously. As a result, the prices of goods dropped a

America had a huge industrial revolution in the late 1800”s. Many changes happened to our great nation, which factored into this. The evidence clearly shows that advancements in new technology, a large wave of immigrants into our country and new views of our government, helped to promote America’s huge industrial growth from the period of 1860-1900.

Improvements in communication and transportation became apparent in the nineteenth century due to the expansion of the textile, mining and metallurgy industries. By the middle of the nineteenth century, communication was transformed by the invention of the electronic telegraph and the transatlantic cable, which “Established instant communication between the old and new worlds.” (p. 413) Transportation was also transformed by canal and road building, as well as the introduction of locomotives and steamboats.

Not only were economics majorly revolutionized during this time period but transportation transformed as well. Before the invention of the steam engine, goods were hauled by horse drawn carriages and the journey was a long and difficult one. Robert Fulton was the first to build a steamboat successfully. This caused for a wave of change and soon goods were hauled across the Atlantic (“Industrial Revolution”) After the rapid success of the steamboat, soon steam locomotives began to take the spotlight. The steamboat and locomotive enabled Americans to travel to different parts of the country in less tie add connected the U.S in a way that it had never been before.

New technologies improved agricultural and industrial productivity. Growing cities provided markets and workers for industrial businesses. Products were allowed to reach distant markets because of improved railroad

In the 19th century the market revolution, was the byproduct of those striving to acquire the American dream. Advancements in technology prompted better industrial machinery, and factories were no longer

The time period largely known as the "Gilded Age" was centered around big business which caused sharp economic and social class divisions as well as political corruption that led Americans to progressive reform. From the ashes of the Civil War, a second industrial revolution was born which ushered in new innovations and technological advances that drastically changed American life. As a result, business became powerful and controlling on the economy, created difficult working conditions, and influenced politics through manipulation and corruption. Americans poured into the country at a outstanding rate during the "Gilded Age", creating a supply of workers for the various jobs opportunities all over the country. The railroad was one of the biggest innovations in the late 19th century.

The end of the Civil War marked a new integration of industry into American society. Following the war, high tariffs were put in place to compensate for the national debt that were created. The increase in tariffs also promoted domestic industries which became more critical in America. A major shift can be seen during this time, known as the Gilded Age, toward a more industrialized society rather than an agricultural one. One major influence toward this industrialized society was the building of the transcontinental railroad which ran from East to West coast. Finished in 1869, the Railroad allowed for more transport which also benefited the rising of big businesses. Regional companies could become national companies and thus changed the way people looked at industrialization. This industrialization affected the working class the most which consisted of the industrial workers and farmers. One would think that the “Gilded Age” would mean prosperity would be felt throughout the economy but the elite 1% of the population had more money than the rest of the population combined. This did not sit well with the working class, especially the industrial workers, who were the ones making the profit for the elites. However, each the farmers and industrial workers had their own way in which they responded to the industrialization of the Gilded Age.

The American economy boomed to a greater extent during the period of 1865-1900 due to transportation developments that were so modernistic, we still use them today to great effect. Along with faster transportation methods, this called for an increase in production rate, quickly leading to an industrial revolution. America had recently gotten out of its civil war, and with the compromise of 1877 came the end of the failed attempt at reconstruction. The only reason transportation developments were successful was because goods and people needed transporting for several various reasons. Among these reasons were a few that were quite generalized among the population such as manifest destiny, (the need to expand the frontier) Irish and German

During the nineteenth century the scale of industrial expansion was excessive and extraordinary. The increase in international trade and a growing of middle-class demanded for goods fueled by colonies led Britain to develop rail road network and steamships. The improvement in steam engine designed helped the availability of cheap iron which caused the sailing ships to be replaced by steamships. In the 1900s Britain produced nine million tons of iron and steel production but the iron production

Industrialization changed the lives of the people of this nation. By the late nineteenth century, with advances in technology, communication, and transportation, a new type of industrialization was formed, a global one.

Throughout chapter 6, we dive into topics of globalization and human capital. We cover the years following Ronald Regan’s election and how it embarked a dramatic shift in the way Americans thought about education. Of particular interest within this chapter was the topic on “A Shifting Economic Scene.” The economy was undergoing changes during the 1980’s drastically. As Rury talks about in the text, “The changing American economic was a critical issue . . . especially the decline of industrial employment and the importance of a well-trained work force” (Rury 219). It appeared to be the dawn of a “post-industrial” society. We can link education to the uprising of this post-industrial society due to its large attribution within employers’ higher

The global economy has become massive in size, breadth and diversity. There are enormous opportunities but they are also fraught with complexity. The interconnectedness between fast growing and mature regions has vastly increased the complexity, number and range of stakeholder relationships that must be managed. Business complexity is increasing every day. Although initiating a business is easier than a decade ago, sustaining and growing a business is more difficult than ever. When you consider the last decades-leading organizations, some of them have already vanished or lost market share despite their large size. Some of today 's leading organizations may not exist in the next decade due to challenges in managing complexity.