Search results
Results from the WOW.Com Content Network
Over time, the problem shifted. Between about the 1850s and the 1870s, industry experienced a strong upswing, while the decline of cottage industries and the crisis of the crafts continued. A third phase in Germany, beginning around 1870, was marked by high industrialization and the transition to an industrial society.
In the following ten years, production grew by 150%, in the 1860s by another 160%, and at the height of the Industrial Revolution from 1870 to 1873 by 350%. During this period, the number of workers had grown by only 100%. The reasons lay in the technical improvement of production, but also in the emergence of an experienced skilled workforce.
The rapid expansion of industrialization led to real wage growth of 40% from 1860 to 1890 and spread across the increasing labor force. The average annual wage per industrial worker (including men, women, and children) rose from $380 in 1880 ($11,998 in 2023 dollars [1]) to $584 in 1890 ($19,126 in 2023 dollars [1]), a gain of 59%. [2]
This can be illustrated by the index of total industrial production, which increased from 4.29 in 1790 to 1,975.00 in 1913, an increase of 460 times (base year 1850 – 100). [5] American colonies gained independence in 1783 just as profound changes in industrial production and coordination were beginning to shift production from artisans to ...
Barron, Hal S. Mixed Harvest: The Second Great Transformation in the Rural North, 1870-1930 (1997) online copy of the book see also online review of this book; Benedict, Murray R, Farm Policies of the United States, 1790-1950: A Study of Their Origins and Development (1953) online; Bidwell, Percy Wells, and John I. Falconer.
The effect of industrialisation shown by rising income levels in the 19th century, including gross national product at purchasing power parity per capita between 1750 and 1900 in 1990 U.S. dollars for the First World, including Western Europe, United States, Canada and Japan, and Third World nations of Europe, Southern Asia, Africa, and Latin America [1] The effect of industrialisation is also ...
The Great Deflation or the Great Sag refers to the period from 1870 until 1890 in which the world prices of goods, materials and labor decreased, although at a low rate of less than 2% annually. [1] This was one of the few sustained periods of deflationary growth in the history of the United States. [citation needed]
In this period, the United States rapidly expanded economically from an agrarian nation into an industrial power. Industrialization in America involved two important developments. First, transportation was expanded. Second, improvements were made to industrial processes such as the use of interchangeable parts and railroads to ship goods more ...