[HIST 173] - Final Exam Guide - Ultimate 37 pages long Study Guide!
Document Summary
Civil war is a turning point for the economy. Industrialization is beneficial yet disturbing to some people. Gap between rich and poor is huge. Children find it hard to escape the situation. Government assistance to private businesses was crucial to economic development. Creation of a national currency and government support for large private banks. High interest rates and tight money was good for investors. Tariffs protected us manufacturers from foreign competition. The importance of railway building---> make easier for businesses to reach customers at a low cost. Natural resources and the development of the west. Possessed a huge amount of territory which varied and abundant natural resources. Minerals, timber, vast acreage of farmland to provide foodstuffs. removing native americans who lived in the west. Population growth and domestic market for us- made goods. Population growth also encouraged economic growth, a result in part of immigration. Immigrants coming to us were part of a worldwide shift of population.
