The Age of Economic Revolution

Abstract

In this study we try to explore the age of economic revolution in a holistic context. The main focus of the research is on economy of America. The research also analyzes many aspects of economic revolution and tries to gauge its effect on the American economy. Finally the research describes various factors which are responsible for the economic revolution caused during 1876-1900.

Table of Contents

Introduction4

Discussion5

Conclusion14

End Notes15

Age of Economic Revolution

Introduction

This study aims to show American history from the late eighteenth century, passing through the various situations that characterized the revolution in the economy. In the global economy as there had been a shift in basic schools. This phenomenon occurred at the stagnation of industrial production in England and France. United States have become the main economic base of contemporary capitalism. The centers of the global economy have moved it in the 20th century.

The modern American economy traces its roots to the quest of European settlers for economic gain in the 16th, 17th, and 18th centuries. The New World then progressed from a marginally successful colonial economy to a small, independent farming economy and, eventually, to a highly complex industrial economy. During this evolution, the United States developed ever more complex institutions to match its growth. And while government involvement in the economy has been a consistent theme, the extent of that involvement generally has increased.

In the American trade there was no government intervention to regulate protective tariffs, the main interest of industrialists in the early nineteenth century. In early 1861, America entered a new era of protectionism. Its highest point came with the Dingley Tariff Act of 1897, which the U.S. became the most protectionist country in the world. The 1873 crisis and cause lower prices for farmers and wage cuts among workers caused widespread discontent. As a result, in the 70's, came the first serious efforts between groups to maintain their potentially powerful influence on domestic affairs. American workers noticed more and more, which could improve their level with the combination of small local unions and a powerful national organization. The first union to exert a real influence, the Knights of Labor (The Knight of Labor) was founded in 1869.

Discussion

The history of the United States of America is one of the most interesting of all time, because it has seen various obstacles, difficulties and setbacks to consolidate what is now the most powerful nation on the planet. A factor that contributed to shaping the economy of the country was its immigration policies. Immigration to this country was, is perhaps the most decisive factor of economic progress to date. It is because of the flexible policy on immigration from the second half of the nineteenth century; through which about 40 million people entered the U.S. territory which resulted in constituting the largest outflow of the whole story. The main reasons behind the migration of these 40million people and their decision to come to American soil were poverty and the hope of a better ...