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Where the First Industrial Revolution shifted production from artisans to factories, the Second Industrial Revolution pioneered an expansion in organization, coordination, and the scale of industry, spurred on by technology and transportation advancements. Railroads opened the West, creating farms, towns, and markets where none had existed.
The first half of the book discusses the change in the American standard of living pre-WW2, with the second half dedicated to the remainder of the 'special century' and the years post-1970. [3] [4] The book was published in 2016 by Princeton University Press.
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 ...
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 term social question refers to the social grievances that accompanied the Industrial Revolution and the following population explosion, that is, the social problems accompanying and resulting from the transition from an agrarian to an urbanising industrial society. In England, the beginning of this transition was to be noted from about 1760 ...
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]
The ending of the Hobsbawn trilogy sees the end of the era that began with the dual revolution (the French Revolution and the Industrial Revolution). [2] Inspired by Vladimir Lenin , Hobsbawm, a writer widely recognized as a Marxist , traces the development of capitalism , linking it with the development of imperialism that resulted in the ...
The Everett Massacre (also known as Bloody Sunday) was an armed confrontation between local authorities and members of the Industrial Workers of the World (IWW) union, commonly called "Wobblies", which took place in Everett, Washington on Sunday, 5 November 1916. The tragic event marked a time of rising tensions in Pacific Northwest labor history.