Thread: history of USA
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Old Wednesday, February 20, 2019
Astute Astute is offline
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Dear,

In the aftermath of the Civil War and Reconstruction, the American economy grew considerably as it entered “The Second Industrial Revolution,” generally recognized as the period between 1870 and 1914. The U.S. was awash in an abundance of natural resources from its newly acquired territories, a growing supply of labor immigrating from Europe, and the migration of emancipated African Americans North and West, an expanding market for manufactured goods, and the availability of capital for investment.

The Second Industrial Revolution took local communities and their new products out of the shadow of large regional agricultural based economies which was assisted by new labor forces and production techniques. During the Second Industrial Revolution, innovations in transportation, such as roads, steamboats, the Eerie Canal, and most notably railroads, linked distant, previously isolated communities together.


The Second Industrial Revolution fueled the Gilded Age, a period of great extremes: great wealth and widespread poverty, great expansion and deep depression, new opportunities and greater standardization. Economic insecurity became a basic way of life as the depressions of the 1870s and 1890s put millions out of work or reduced pay. Those who remained in the industrial line of work experienced extremely dangerous working conditions, long hours, no compensation for injuries, no pensions, and low wages. But for a limited minority of workers, the industrial system established new forms of freedom. Skilled workers received high wages in industrial work and oversaw a great deal of the production process. Economic independence now required a technical skill rather than ownership of one’s own shop and tools. It was labeled “progress” by its proponents, but those who worked the floor at the factory knew it came at a price.
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