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Early Modern American History - Essay Example

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During this period the economy expanded greatly, especially with the nation turning from being agrarian into industrial. In 1790s, Washington and Hamilton were building a foundation for a strong national…
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Early Modern American History
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Early Modern American History

Download file to see previous pages... In the 1840s, there was an explosive development in technology and networks infrastructures and communication, the telegrams, post offices and the printing industry. This paper provides an insightful analysis of the key economic and their significance in the early America republic.
Economic modernization gained momentum with the increase in cotton crop, which was very profitable in the south region, as well as the textile, and machine making industry to the north region2. The transport infrastructure developed greatly which facilitate the development of other sector especially the economy. There were also many visitors who came from the Europe, which increased the number of the immigrants who settled in the country. The immigrants also played a major role in the economy establishment of the Early America. There was a civil war in the 1850s because of crisis over slavery despite the Whigs warning that annexation of Texas would lead to this. Evidently, the economy was the key factor in the development of the early American republic, in this paper the key trading activities have been highlighted and how they benefited the republic.
Economic development is always one of the major factors for the growth of any nation. Even in the early nations, this factor played an important role in one way or another to the development of the nation. This is the major source of revenue for most countries, the revenue is in turn used to develop other sectors especially the infrastructure. The early America republic had really suffered after the war, with so many of its infrastructure destroyed during the war. In 1789, George Washington was elected the first president set a government structure which had various departments like treasury, treasury and war3. The government was very quick to reestablish its financial state and rapidly all the war debts that it had. It did this trough the new tariffs and taxes.
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