Please enable JavaScript.
Coggle requires JavaScript to display documents.
Economic Expansion of the USA after 1865 - Coggle Diagram
Economic Expansion of the USA after 1865
What impact did the Civil War have on the economic growth of the USA?
The Civil war encouraged the growth of railroads, the expansion of factories, and the growth of industries
It also caused an increase in immigration and paved the way for improved food storage
Was the availability of abundant raw material the reason for the rapid growth of the US economy after 1965?
US was almost self-sufficient in natural resources
Tariffs could be raised to protect industry without increasing the costs of raw materials
Key Figures
Rockefeller (1839-1937)
Founder of Standard Oil (90% of US refineries by 1882)
Led to the passing of Sherman Anti-trust Act
Carnegie (1835-1919)
Industrialist & philanthropist
Invested in railroads, land & oil
Born in Scotland but built-up steel industry
Vanderbilt (1821-1885)
Financer and railroad promoter
Head of railroad trust
Strongly opposed to government regulation of the industry
Given control of the Staten Island railroad
'The public be dammed’
Reasons why people emigrated to the USA after 1865
Traditional communities in Europe faced disruption with increased urbanisation
Religious persecution of Jews in Europe (increased pan-Slavism)
Armenians in Turkey and ethnic groups in Austro-Hungarian empire
Irish potato famine
Cholera outbreak in Europe
Collapse of fruit & wine market in Italy
Economic opportunities in USA
Direct recruitment by US agencies
Did the new immigrants have a greater impact on the economy or on politics?
Constant supply of cheap labour
Workers easily exploited
In 1910, 1/3 of the population of the 12 biggest cities were immigrants
Strong working-class resentment of the new immigrants
Immigrants had little experience of politics
Followed voting patterns of the cities they lived in
Catholic traditions
Not aligned with prohibition as they we blamed for alcoholism