The Industrial Revolution in Late 19th Century - Essay Example

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This essay "The Industrial Revolution in Late 19th Century" is focused on the period of the industrial revolution. As the author puts it, the most development seen in modern day America dates back to the industrial revolution…
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The Industrial Revolution in Late 19th Century
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Download file to see previous pages National Labour Unions were formed to respond to the manner in which people were being evacuated from their farms and an increase in industries led to a misunderstanding between labor and capital.Conversely, there was a rise of numerous challenges that led the state to implement some policies. Social Darwinism took center stage and it was survival of the fittest. The authority of wealthy business firms such as Rockefellers had a great influence on how the government made its policies. The rich had influence in the running of the government because their argument was that they contributed a lot to state revenue as compared to the poor. At first, markets were free, but soon it got complicated because well-established companies stamped authority on markets to the extent that small ones were being phased out. After an extensive investigation on the “robber barons,” the Sherman antitrust act was passed which focused on implementation of free trade. Though the act was poorly documented, it regulated the activities of worker's unions instead of countering monopolies practiced by the well-established firms. The act faced serious criticism and civil unrest until it was later amended to serve its intended purpose (Barney, 2007).The current economic prosperity and agricultural stability are as a result of a long journey the country has undergone to reach such heights. Much credit has been given to Abraham Lincoln who created the basis of the current democratic stability of the nation. ...Download file to see next pagesRead More
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