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The Second Industrial Revolution, also known as the Technological Revolution, [1] was a phase of rapid scientific discovery, standardisation, mass production and industrialisation from the late 19th century into the early 20th century.
Map of the United States, 1870–80. Orange indicates statehood, light blue territories, and green unorganized territories. Grange poster hailing the yeoman farmer, 1873. A dramatic expansion in farming took place. [18] The number of farms tripled from 2.0 million in 1860 to 6.0 million in 1905.
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 Industrial Revolution altered the U.S. economy and set the stage for the United States to dominate technological change and growth in the Second Industrial Revolution and the Gilded Age. [28] The Industrial Revolution also saw a decrease in labor shortages which had characterized the U.S. economy through its early years. [29]
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 ...
Tariffs have historically served a key role in the trade policy of the United States.Their purpose was to generate revenue for the federal government and to allow for import substitution industrialization (industrialization of a nation by replacing imports with domestic production) by acting as a protective barrier around infant industries. [1]
The Industrial Revolution marked a major turning point in history, comparable only to humanity's adoption of agriculture with respect to material advancement. [11] The Industrial Revolution influenced in some way almost every aspect of daily life. In particular, average income and population began to exhibit unprecedented sustained growth.
New South, New South Democracy or New South Creed is a slogan in the history of the American South first used after the American Civil War.Reformers used it to call for a modernization of society and attitudes, to integrate more fully with the United States as a whole, reject the economy and traditions of the Old South, and the slavery-based plantation system of the prewar period.