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Industrial Transformation: Economic Development Between 1865-1900 - Online Essay

Industrial Transformation: Economic Development Between 1865-1900

The economic transformation is often times viewed as a threat to America’s democracy due to many reasons. The main reason being, to me, that industrialist were becoming grossly wealthy, and they were making breakthrough’s in just about every field available to them in that time frame. There were some major name that are still refereed to today in this time period. There was J.P. Morgan, "The Banker", J.D. Rockefeller, "The Oil Baron", Cornelius Vanderbilt, "The Rail King", and Andrew Carnegie, "The Steel King" are some of the big names that we associate with this era.
The industrialist pre 1860, were viewed differently then the ones after 1860. They were different in many ways, but ...

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The first rail roads were not made till 1828, but in 1870, they were making more in a year then there was prior put together almost. Towards the 1850’s the fastest transport to the west was the Pony Express, but in the 1870’s there was the Trans-Continental rail road, and the Southern Pacific Rail Road along with the telegraph and soon after the telephone. In all fairness, the two time periods and two industrial revolutions were the same. The only true differences were the amount of money made by individuals which can be attributed to the inventions, and the demand for goods and services. Also the technological advances. Between 1850 and 1900, they were making leaps and bounds in the industrial areas that fueled this magnificent revolution
The "Rockefeller’s", could be seen as threatening the our democracy with the way they "bought" the public. They bought elected officials, threatened other industry that they depended on, i.e., the railroads, miners, and banks. They, the ...

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Industrial Transformation: Economic Development Between 1865-1900. (2008, June 18). Retrieved November 23, 2024, from http://www.essayworld.com/essays/Industrial-Transformation-Economic-Development-Between-1865/85428

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Added: 6/18/2008 04:29:55 AM
Category: Economics
Type: Premium Paper
Words: 1195
Pages: 5

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