Theodore Roosevelt's Influence On The Economy

~ The nation’s first big business : railroads, which had greatest impact on Am economic life.

Following the Civil War and Reconstruction, the federal government was looking for a way to get the people motivated; motivated to work again, motivated to have a better life again, and then like an answered prayer we entered the ‘Gilded Age’. The rapid growth from 1865 to 1900 was brought on by the availability of money and resources. With entrepreneurs willing to take a risk with this money and new resources, extraordinary growth arose. Railroads were evolving everywhere and as a result the Steel industry started to rise. With this economic boom all people, especially the federal government, sought after means to sustain this sudden increase in the market. The United States government came up with a plan to promote industrial development

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.

After the civil war in America, President Abraham Lincoln wanted to rebuild the Northern and Southern states and the economy in general. He began this process in 1862. This he did by signing into effect the Pacific Railroad Act in 1862. One of the factors that aided the rapid growth of the United States economy from 1865-1900 was the railroad. This project encouraged the migration of foreigners from all across the world to the United States and it went a long way to shape the industrialization and the economic boom of the country. During this period many old and new industries emerged and expanded. Industries that benefited much from the building of the railroad and the economic rise that was associated with it were the steel manufacturing

Nearing the end of the Civil war and the beginning of the twentieth century the United States went through an economic revolution. During this time there was abundant natural resources, a growing supply of labor, and expanding market for manufactured goods. Because of all abundances the federal government encouraged the expansion of the railroads. This would benefit the United States economically. The Railroads were so important because it made the “second industrial revolution” possible. In 1913 the United States was producing a major amount of the world’s output. Which is more than Great Britain, France, and germany combined.

By the middle of the 19th century, the Industrial Revolution was changing the face and culture of the United States. Demand for raw materials and new inventions was increasing. From 1800-1850, territories claimed by the United States had grown to stretch from the East Coast to the West Coast. The spirit of “Manifest Destiny”, the California Gold Rush, and the promise of rich new land, ripe with raw materials and opportunity drew settlers ever westward. Following the invention of the steam engine, trains were becoming very important to the expansion of civilization and its infrastructure. Trains and the railroads they ran on soon became the lifeblood of industrialized economic development across the country. Public and private partnerships were formed with railroad companies to provide them with vast amounts of investment funding. Within a few decades, the railroad companies and their transcontinental railroads ushered in the Gilded Age and changed American society forever.

Amid the 1800’s, America was experiencing a period of development known as the Industrial Revolution. America was in its first century of being an autonomous and creative nation. One of the greatest commitments to this huge innovative progression was the foundation of the Transcontinental Railroad. The westward expansion designed to be the key to a nation-building project and a change for the United States.[1] The Pacific Railroads cleared the path in which built the remaining railroad tracks connecting the West to the Midwest and East. The Union Pacific Company built from Omaha, Nebraska towards the west meeting up with the Central Pacific Company who started building from Sacramento, California.[2] This

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

Not only did the growth of railroads benefit American industry, but it also benefited the common people. Having the ability to travel any city in the country very quickly gave a lot of people a sense of hope, adventure, and a fresh start. On top of that, it also helped control the booming population, as families could now spread out and live where they wanted instead of everyone being crowded in the east coast region. Most importantly, the growth of industry and opportunity that came from the railroads, brought many beneficial changes to the working class within society. One of the best examples that show off these effects, would have to be the city of Pullman. In 1880, George Pullman started his own industry in which he would produce train cars. So many workers became hired for the company that a town was specifically built for all them to live in, which became known as the town of Pullman. Here, the workers were able to live in well-built, clean apartment buildings that provided for everyone’s basic

Theodore “Teddy” Roosevelt is the 26th president of the United States. He served for almost two complete terms from 1901 to 1908; one unofficial term, where he was not elected, and one official term. He wanted every citizen to be treated fair and square hence his “square deal.” He used his executive power to address problems both at home and abroad. He was a nationalist and imperialist who transformed the United States into a global power. Teddy supported Progressivism, labor reforms, civil service and social reforms, and labor movements. He used his strong executive power to promote morality and social change, which made him one of the most well-liked and vigorous presidents. His reforms struck down corrupt, big businesses controlled by the wealthy few and fought corruption to help the disadvantaged poor by improving working conditions and worker compensation. The government

The period of 1860 to 1900 was a time of technological innovation and economic growth. These transportation innovation like railroads brought major changes to the US economy. The United States was industrializing and larger corporation began to shape, but these change with the transportation technologies. These change were built on railroads railroads. These Railroads put into the practice of new economic strategies while connecting the nation economically.

Theodore Roosevelt once said, "It is only through labor and painful effort, by grim energy and resolute courage, that we move on to better things." This was a theme in business in the late 1800's. The early American economy was made up of small markets, centered around big cities. The immense expansion of the railroads in the late 1800s changed this, tying the country together into one national market, where products could be shipped across the country. Railroads also provided a massive development in economic growth because they provided such a massive market for goods and opportunity for distribution for products such as steel, lumber, and other vital goods. With the help of railroads, the United States developed a rapid expansion of the

Theodore Roosevelt’s childhood was adventurous despite him suffering from asthma. His father took him on hunting trips in exotic locations around the world. At 18 years of age, Theodore Roosevelt attended Harvard before attending Columbia Law and after passing the bar examination he dropped out of Columbia Law in 1881, prior to his graduation, to further his political career.

One component of the shift from agrarian to industrial in American society in the late 19th century was the advent of the railroad industry. Due to Manifest Destiny, Americans believed it was their God-given right to expand west, and the inexpensive development of steel that Henry Bessemer brought a need for an industrial economy in order to build railroad tracks that could span the continent. This is what allowed three companies in the 1860’s, Union Pacific, Central Pacific, and Western Pacific, to build the first ever Transcontinental Railroad that reached from the Missouri River to the San Francisco Bay. This led to more and more people fulfilling the dream of moving west, adding to the already massive demand, and creating the need for more

Imagine investing over $25,000 dollars in your stock and all of a sudden at once it’s worth nothing now, the banks fail and can’t save your money that you have saved up and no ones buying items from your workplace so you ended up getting laid off. You’re without a job, prices are high, you can’t support your family let alone yourself. Then your country is in trouble, people are losing their jobs, crime rates and suicide rates increasing by the minute the pressure is getting hot and married couples are divorcing left to right. But can President Roosevelt become the hero, and the New Deal saves the economy. How did happen, what was fixed, what had happen during this?