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Transportation industry - Essay Example

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Usually growth industries contain a great number of growth stocks. I am of the opinion that in United States industrial growth began in the…
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Transportation industry
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Transportation industry

Download file to see previous pages... The groundwork for the industrialization and rapid postwar economic growth of America was laid by civil war, stimulated by state initiatives such as the transcontinental railroad. The South, devastated by war the south shared very little in the economic growth of the United States until World War II. It also brought changes to the economy and society. For instance urbanization mainly because of capitalism, immigration, rises of huge prosperous businesses through trusts, emergence of new technology (Gallagher, 2003).
Farmers: Farmers suffered losses; as a result, of industrialization. Agriculture, like other industries, were becoming merchandised and commercial and, as a result, fewer farmers were needed (Gallagher, 2003).
Native Americans: They were all affected by migration incentives. With the construction of Railway forth came the transformation of the west and downfall of the frontier. Eventually the Native American tribes were involuntary forced to relocate.
Immigrants: Industrialization gave the sense of the idea that one nation was better than another nation. United State started laying down immigration laws; as a result, of increased immigration. Examples of immigrants were Chinese and European (Gallagher, 2003).
Middle and lower class group of workers: The rise of specialized jobs came with invention and production of factory machines. This took jobs of thousands of factory workers across the country (Gallagher, 2003).
Development of new products: Both the inventors and business leaders created and sold a variety of new products such as petrol engine car, record player, barbed wire, typewriter among other products (Barden, 2011).
Distribution and communication: The American railway system in late 1800’s became a nationwide transportation network which made business operations for average working class more efficient (Cobb, 2004).
Freedom to slaves from all over the South, they now found themselves without a system that once had ...Download file to see next pagesRead More
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