The Rise of Big Business

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.

Consumers could get products cheaper and manufacturers made more money from mass production, but more machines like the Bessemer Converter and electric sewing machine (Inventions) meant less manual labor was needed. Manufacturers did not need to hire as many workers since the machines would be able to do it faster. Although machines made everything more efficient, most people could not afford to buy them because they were too expensive, so usually the rich profited from new technology. Instead of concentrating on agricultural goods, the country turned to heavy industry. The steel, oil and other industries were connected by railroads (Batchelor, Industrialization). Banks provided capital for the industries. When people started forming monopolies, they made everything more expensive than they needed it to be and controlled most necessities. The working class had troubles trying to support their families with it, but they couldn’t rely on the corrupt government for help. Because everything could be made so quickly with machines, it made it easier for investors and businesses to earn money quickly. More people were able to get rich. The North was flourishing and the government was investing more. They raised taxes; funded libraries, roads, and schools; and they started investing on railroads. This caused the government to be in more debt than they already were from the Civil

After the civil war, especially during the late 1800s, the US industrial economy has been thriving and booming which reflected on the numerous improvements that occurred in transportation through new railroad, in new markets for new invented goods and in the increased farm yield. However, most of this wealth has been captured by the capitalists, they looked down on the working poor class and expected them to submit to them. Also, they had control over the government seeking to maintain a system of monopoly to allow them to grow richer from others. Thus, they were controlling both political and economic conditions of the country.

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.

Reunited by the Union victory in the Civil War, America faced an era of reconstruction during which the value of the individual was reanalyzed and redefined in law. After the reconstruction, a sense of peace and prosperity calmed the American people. Given hope by their success in maintaining the Union, the Progressive Era ensued. The previously forgotten vision of Alexander Hamilton was reborn and finally implemented. America was no longer the land of the yeoman farmer. Denizens of rural areas moved to the city and sought to work in the gradually industrializing regions of the country. As big business gained power, the laborers sought to achieve the American Dream of economic prosperity through self-improvement in a laissez faire economy.

Prior to the American Era of Industrialization, the American Civil War had just taken place that gave the Northern Economy war profits that were eventually invested into industrialization. However, the Age of Industry, in the United States, was extremely harmful to the nation, due to the fact that the idea of Social Darwinism arose, there was corruption within the government, and monopolies began arising which had a negative effect on the the economy and the working class. Monopolies, in the industrial period, had a negative impact across the nation due to the fact that monopolies made life difficult for the arising middle class, economically speaking. Document 1 illustrates perfectly how monopolies made life difficult for the working class

     In the years that followed Reconstruction many issues came up including whether laissez-faire was the correct system to follow. Because of problems like that remained unsettled for some time industrial leaders began to pop

The end of the Civil War brought a whole new era of economy, political control, and Presidential intervention. The economy emerged from its agriculturally based economy into a flourishing big business dominated world and eventually in 1929 came crashing down. I agree only partially with the quote " The Civil War saw the beginning of an 80-year decline of real individual economic opportunity; nonetheless, the vast majority of Americans continued to profess their belief in individualism as evidenced by the Presidents they elected. Thus, between 1865 and 1939, the majority of Americans accepted big business dominance and rejected all forms of government interference and regulation contrary to

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.

After the Civil War the U.S. was still reeling from the impact. The still developing nation was in turmoil and the widespread destruction of the South had forced the nation to batten down the hatches and get to work rebuilding. During this period the U.S. maintained a stance of isolationism from the rest of the world. The public and the government had no wish to get involved in the wars of other nations. However, once in a more solidified state, the country began to push its’ boundaries outward as it dove mercilessly toward the west coast. “The Gilded Age of the United States is traditionally regarded as the golden era of isolation. Burnished in a trial of fire by the American Civil War, the U.S. turned inwards to consolidate its’ geographic boundaries, to plunge headlong into industrialization and to develop a large domestic market buttressed by highly protectionist tariffs. Yet, the United States of the late nineteenth century was far from isolated. Although the era

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

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.

In the northern states of the united states, pre-Civil War, they had been booming with new factories. Industrialization had taken over the northern states, becoming their entire economy. After the Civil War though, the industrialization economy really took a hit. Roughly 360,000 Union deaths took place during the Civil war, many companies lost many employees. Shortly after the Civil War the United States entered an era we now know at the “Gilded Era”. During this era, some of the richest men, even in todays money, were born. Big names like Cornelius Vanderbilt, John D. Rockefeller, Andrew Carnegie, and J.P. Morgan entered the economy, trying to earn their way to the top.

Americans suffered many economic, social, and political problems in the post-Civil War era. I have identified one of each of these types of problems that I believe were among the most important during the period of 1865-1900. The economic issue that I believe had one of the biggest impacts on Americans at the time is the Great Railroad Strike of 1877. The social issue that I feel greatly affected America after the Civil War is Chinese immigration. One of the biggest political issues, to me, is the Populist Party.

The decades after the Civil War rapidly changed the face of the United States. The rapid industrialization of the nation changed us from generally agrarian to the top industrial power in the world. Business tycoons thrived during this time, forging great business empires with the use of trusts and pools. Farmers moved to the cities and into the factories, living off wages and changing the face of the workforce. This rapid industrialization created wide gaps in society, and the government, which had originally taken a hands off approach to business, was forced to step in.