Effects of Industrialization in USA (1870-1900)

Effects of Industrialization in USA (1870-1900)

Introduction

United States became an industrial nation between 1870 and 1914 as a result of the structural changes driven since 1780. It allowed USA to enjoy the highest income per capita in the world as in the beginning of the First World War, USA accounted for 30% of the world's industrial production and left behind countries like Britain and Germany. The process of industrialization in the United States resulted in the development of the domestic market. The presence of a growing population and extraordinary natural endowments were also among the key factors ...