HIST 2057 : History 2057 Exam 1 Material
Document Summary
The rapid industrialization in u. s was the second industrial revolution. manufacturing made the growth so widespread and successful. Industrialization means developing the capacity to make the machines that make the products; these machines are capital goods. By the 1890s, the u. s lead the world in manufacturing. The u. s reached this point almost overnight (3 decades. ) Factors in rise of big business: civil war: the war spurred the growth of big business; the government was able to give contracts to certain sectors. These profits can be used to invest in new ideas or to expand on current projects. Textile market expanded b/c of men in uniforms. Also, standard sizes became available and common practice. Going to a tailor still remained prestigious, but standard sizes made the process of buying clothing easier. Slave labor was abolished: money/capital: through savings and foreign trade, profits are made.
