The Industrial Economy

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The Industrial Economy 저자: Mind Map: The Industrial Economy

1. the union's goal was to have its people visualize freedom more braodly

2. a functioning government was created where both African Americans and whites could participate in

3. railroads integrated the American Market, and increased commerce . . . all of this allowed national brands to come forth

4. effect : creation of time zones. the purpose of this was to make transportation and shipping more standrard for shipping companies

5. railroad expansion was the key to America's 19th century industrial success

6. shift in America from being an agrarian rural nation to a urban industrial nation

7. America became the most industrialized nation in the word after the Civil War

8. some of the effects of the civil war include : the sprout of industrialization (contracts to manufacturers) and by the forcement of a national currency

9. The U.S became the richest and most industrialized nation on earth after the civil war

10. the union had a different perspective on freedom, meaning that it wanted the U.S to think of freedom more broadly

10.1. their main argument was that without an equal economic system america would become "less free" even if it was becoming much more prosperous

11. Industrial Capitalists were known as both "captains of the industry" and "robber barons" because they had positive and negative effects

12. railroads caused the creation of first corporations

13. America's population increased from 40 million (1870) to 76 million in 1900

14. an example of this is Rockefeller Standard Oil

15. economic depression hit the working fore the hardest

15.1. laborers commonly worked 60 hrs per qeek with no sort of pensions or injury conmepsation

15.1.1. a modern example of this would be to not grant a mother pregnancy leave after having a baby

16. most of the violence directed to African Americans was caused by politics which resulted in having to cut off many services, since violence wasn't enough . . . also didn't want to pay taxes

17. horizontal integration occurred when bigger firms bough smaller firms

18. efficiency and productivity increased witht he telegraph : thhis resulted in the transcontinental railway via the pacific railway act in 1862

19. job insecurity dramatically increased due to a the growing population which consisted of mainly immigrants

19.1. labor markets lead to unions because of working conditions and unreliable labor

20. the standard of living increased for the average american worker fue to the price drop caused by industrial competition

21. there mas a major shift in the nation between being an an agrarian-rural nation to becoming an insdutrial and urban nation