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Jacksonville, the largest city in Florida, would not be as affected by the boom because municipal leaders had decided to work on expanding industry and commerce rather than tourism after World War I. [14] By January 1925, investors were beginning to read negative press about Florida investments.
1904 depiction of an acquisitive and manipulative Standard Oil (founded by John D. Rockefeller) as an all-powerful octopus. Robber baron is a term first applied by 19th century muckrakers and others as social criticism to certain wealthy, powerful, and unethical 19th-century American businessmen.
Florida and Georgia did not feel the effects as early as Louisiana, Alabama, or Mississippi. In 1837, Georgia had sufficient coin to carry on everyday purchases. Until 1839, Floridians were able to boast about the punctuality of their payments. Georgia and Florida began to feel the negative effects of the panic in the 1840s. [18]
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]
Even if Belgium is the second industrial country after Britain, the effect of the Industrial Revolution there was very different. In 'Breaking stereotypes', Muriel Neven and Isabelle Devious say: The Industrial Revolution changed a mainly rural society into an urban one, but with a strong contrast between northern and southern Belgium.
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 ...
By 1860, Florida had 140,424 people, of whom 44% were enslaved and fewer than 1,000 were free people of color. [ 54 ] : 157 Florida also had one of the highest per capita murder rates prior to the Civil War, thanks to a weakened central government, the institution of slavery, and a troubled political history.
A transportation revolution was underway thanks to heavy infusions of capital from London, Paris, Boston, New York, and Philadelphia. Hundreds of local short haul lines were being consolidated to form a railroad system, that could handle long-distance shipment of farm and industrial products, as well as passengers. [5]