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The Rise of Capitalism - Essay Example

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The new nation of America was not facing one but two revolutions. One was a social revolution and the other one was an industrial revolution. In essence, the…
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The Rise of Capitalism
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Download file to see previous pages Smith’s theory that propagated dependence of individualism that oozed out of the nation at this time period. America’s obsession with Industrial began with Slater’s mills in which textiles became the primary market to produce. Although it may seem a new age, most workers were orphans or children who owed debt to the nation. The drive of capitalism for this country relied on many factors that included slavery, turned raw goods into products, factories, and the ability to produce such a drastic workforce. Jefferson understood and acknowledged this problem. He feared that the America could not be properly industrialized due to the fact that it would not attract workers. Hence, the need to build factories around villages became critical components towards the move to industrialize America. Moreover, the ability of the American leaders to explore the “wild west” catapulted the nation to expand and dramatically changed from an urban to a rural area.
One of the most significant factors that contributed to the development expansion of the United States was the fertile land that was available in the South. The large plantations in the south gave the rise to slave labor was the fertile farmland in the Midwest enabled United States to accomplish several things. First of all, the invention of Eli Whitney’s cotton gin initiated the rise to slave labor in the rich land that extended beyond from Carolina to Texas, which expanded the United States border. The fertile land gave boosted the American economy, which contributed to development of United States. The south had to dramatically shift their economy to tobacco and cotton to agriculture. In the north, corn supply was enhanced along with the focus on producing textiles. Cities such as New York and Chicago became the top commerce cities that built its economic empire due to the industrial revolution. The creation of Erie Canal became the hallmark of water commerce that enabled America to lower shipping costs ...Download file to see next pagesRead More
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