History2 - Hannah Hagen History 1025 History Assignment#2...

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Hannah Hagen History 1025 9/27/16 History Assignment #2 Industrializing America 1. Industrialization transformed American life in the late 19th century as nothing had before. What was the overall character of this industrial change? Focusing on the careers and companies of Andrew Carnegie and John D. Rockefeller, discuss how big business emerged and altered the old republic of small businesses and small farmers. To what degree was this a revolution and the creation of a new economic order in the United States? How did workers and government respond? What was life like in the age of the new industrial city? Following the Civil War of the late 19th century, innovations in technology, management, production, and transportation transformed the way businesses developed, helping the United States become one of the world’s greatest industrial powers. The important features transforming American businesses were the discovery of coal resources as a form of cheap energy, expansion of communication, transportation/railroads, factory inventions, creation of monopolies from markets, and price deflations. All factors of industrial growth stimulated economic productivity and efficiency and further catalyzed the steel, oil, tobacco, salt and sugar booming industries. In response to the dire transformation, most Americans found themselves both exhilarated and overwhelmed at the rapidly evolving industrial business population as the escalation in jobs increased the middle class, yet excluded many others. Additionally, it was the daring and driven city businessmen who were most excited for the great opportunity of wealth the transformation could provide them.

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