HST201 Module 5 Assignment.doc - Running Head Uniting the Nation Economic Growth Uniting the Nation Economic Growth HST201 U.S History I Colorado State

HST201 Module 5 Assignment.doc - Running Head Uniting the...

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Running Head: Uniting the Nation: Economic Growth 1 Uniting the Nation: Economic Growth HST201 – U.S. History I Colorado State University – Global Campus Nick Cek April 19, 2018
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Uniting the Nation: Economic Growth 2 From the beginning of the newly founded country the United States economy saw massive growth, with corresponding downturns, through the 1860s. The evolution from a mostly agricultural society to one that embraced industry fueled this large growth. This period of rapid growth is often called the Industrial Revolution and began in the 1790s and the first phase of its development lasted through the 1830’s (USHistory.org, n.d.). The rapid economic growth experienced by America was spurred in part by changes in transportation and the development of new communications technologies. Transporting goods was crucial to U.S. agriculture but transportation across the country was far more expensive than transporting to Europe. Exports to Europe grew unevenly with respect to moving goods around the country, it cost “$9 could move one ton of goods across the Atlantic Ocean, but only 30 miles across land” (Green, 2017). This high cost of domestic transportation made it unprofitable for American manufacturers to transport goods. To combat
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