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.
One of the real impetuses for the United States entering the Industrial Revolution was the passage of the Embargo Act of 1807, the War of 1812 (1812–15) and the Napoleonic Wars (1803–15) which cut off supplies of new and cheaper Industrial revolution products from Britain. The lack of access to these goods all provided a strong incentive to ...
In 1813, businessman Francis Cabot Lowell formed a company, the Boston Manufacturing Company, and built a textile mill next to the Charles River in Waltham, Massachusetts.. Unlike the earlier Rhode Island System, where only carding and spinning were done in a factory while the weaving was often put out to neighboring farms to be done by hand, the Waltham mill was the first integrated mill in ...
In the fast-growing industrial sector, wages were about double the level in Europe, but the work was harder with less leisure. Economic depressions swept the nation in 1873–75 and 1893–97, with low prices for farm goods and heavy unemployment in factories and mines. [40] Full prosperity returned in 1897 and continued (with minor dips) to ...
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]
The book is remarkable for two reasons—it is the only novel Twain wrote with a collaborator, and its title very quickly became synonymous with graft, materialism, and corruption in public life. The novel gave the era its nickname: the period of U.S. history from the 1870s to about 1900 is now referred to as the Gilded Age.
The Long Depression was a worldwide price and economic recession, beginning in 1873 and running either through March 1879, or 1899, depending on the metrics used. [1] It was most severe in Europe and the United States, which had been experiencing strong economic growth fueled by the Second Industrial Revolution in the decade following the American Civil War.
Social and industrial conditions in the North during the Civil War (1910) online edition, old but still useful; Hammond, Bray. Sovereignty and the Empty Purse: Banks and Politics in the Civil War (1970) online. Hammond, Bray. "The North's Empty Purse, 1861–1862," American Historical Review, (1961) 67#1, pp. 1–18 in JSTOR; Hyman, Hyman.