HIST 2057 Chapter : The Rise Of Big Business
Document Summary
Rapid transformation of economy later 19th century, rapid industrialization. 4th leading nation in manufacturing, ends up being 1st in the leading industries economy blows up around 90s. we can take under developed country and we can import the machinery and the materials. Rapid industrialation the development of the basic industrial infrastructure like basic industries like steel make the machines the undeveloped machines that then make the final product. Reasons: america going into civil war is a small town country, rural small town not an urban population, end of population we are primarily industrial society with urban towns. If your citzens of an undeveloped economy what would you need? (the root is the civil war: abolish slavery- they are free but not able to buy things. With the reaper the guy who establishes the interchangeable parts: transportation, railroad- integrate a national market, its faster, opens up vast market and greater profits time starts to be integrated.
