The New York 's Old Money, Merchants, And Banking

During the Post-Classical Era merchants played an incredible role in shaping the course of different

cities, they gave entrepreneurs money to start their businesses. Allowing a reason for more people to

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

* Which industry sparked the New England economy at the end of the 17th century? Who was unhappy with the success of that industry, and why?

The common life of a NYC merchant in 1860 was that of a well-rounded diplomat. One who was able to make deals with both the Southern plantation owner, who sold him the cotton from which the merchant made his money, and the European who the merchant sold this cotton to.

The Gilded Age was a time in American history when some of the most famous industrialists rose to power. These industrialists made good decisions and bad decisions which reflected them as Captains of Industry or Robber Barons. A Captain of Industry is used to describe someone who contributes positively to society. Robber Barons are businessmen who use unethical or questionable ways to gain power/wealth. Both terms were expressed during this time period by businessmen. The great industrialists of the Gilded Age show traits of being both Captains of Industry and Robber Barons.

The economy grew more than 400% between 1860 and 1900. There was many things that helped the economy grow. We had technological advances, an expanding population, and transportation improved. John Rockefeller, Andrew Carnegie, and J.P. Morgan were considered “titans of industry”. Together they build monopolies and revolutionized business practices.

First of all, big businesses oversaw the production of goods which allowed for them to regulate the distribution of wealth throughout the nation. For instance, as the Historical Statistics of the United States conveys, as the amount of the production of goods increased over the years, the cost of living and basic essentials decreased [Doc A]. Through the invention of Thomas Edison’s light bulb, business hours increased since they were now able to work at night, and the cost of light and fuel decreased. Also, businesses during this time

New York City during the Gilded Age experienced a transformation on society that would leave a lasting effect on all aspects of the city. During this era in New York City, the idea of politics and its characters developed into some of the modern definitions that citizens still see in government today. The political corruption that consumed politics during this time period became a staple in New York City society. The word corruption gives the tactics of politicians in the Gilded Age a reputation that is filled with destructive and harmful methods that were unbeneficial to society. In reality, not all of the strategies of these politicians resulted in poor outcomes. Through questionable political tactics, officials used their power to negatively and positively push New York City into the 1900s, which would lead to political activism by the city’s people looking for change. Tammany Hall was one of the most influential political machines that directly impacted the people and society of New York City at this time, and exemplified what it meant to be a corrupt institution that helped positive change happen.

Paris was located at the cross of major trade routes and merchants who set up there could make more profit as more people would pass through Paris compared to other cities. This led to more merchants wanting to set up in Paris and Paris grew to be a large, influential city. The rise in Paris's economy - from the merchants' and customers' transactions -led to Paris's wealth, and its expansion and urbanization. As trade routes expanded, locations at the crossroads of routes became more successful

America took great pride in their bustling, robust economy that was built from nothing. From the Columbian Exchange after Columbus’s discovery of America in 1492, to Triangular Trade in the eighteenth-century America

The economic crisis of the late 1780's had began to disappear and economic growth and change began to occur through internal improvements in the nation. With the creation of a strong national banking system they could regulate the nations money supply, therefore ensuring the nations economic growth. Issuing of protective high tariffs helped to protect the american economy from the knock off cheap British goods. Selling of nations lands at high prices led to internal transportation improvements that allowed better transportation of good to marketplaces. The american economy began to take a boom and flourish under these changes and underwent a market revolution. American capitalism began to boom as merchants, manufacturers, and farmers began

to a busy merchant seaport in 1850 to the industrial metropolis by the 1900’s.  The

New York City is the largest and one of the oldest cities in the United States, having been 'rediscovered' by Henry Hudson in 1609 while working for the Dutch East Indies Company. New Amsterdam, as it was then known, was settled in 1614 by Dutch fur traders and became the most important port in America. (Reed, 2011) The two rivers flowing on each side of Manhattan grant easy access to the ocean, and Henry Hudson remarked that the harbor was the best natural harbor he had ever seen in the world. For hundreds of years the city has been at the epicenter of world trade, and immigration to the new world. Millions of immigrants have filled the streets of New York, from Europe, Africa, South America, Asia, and elsewhere.

As the economy grew due to technology and new ideas, most Americans earned more money than they ever had. Most jobs of the time paid well, compared to the past, and were centralized in major cities. More money called for some way to spend it, consequently, the mass production of luxury goods and nationwide