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Immigrant Life in the 19th and 20th Centuries Essay

Project id 1005374
Subject area Other
Document type Essay
Words 2046
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American was a prosperous state with incredible economic expansion between the end of Reconstruction and the Great Depression. It was during that period that "industrial growth went into top gear because increasing manufacturing efficiencies allowed American companies to cut prices and earn profits for financing still greater gear (Henretta 488)." In this age, the manufacturing of steel, the building of railroads, factories, and warehouses, along with the expanding requirement for technological advancements, increased greatly. Philanthropists, such as Andrew Carnegie, Andrew Mellon, and John D. Rockefeller, took advantage of this situation they were in by investing huge amounts of capital into the expanding market. Carnegie assembled an massive steel mill outside of Pittsburgh which became one of the worlds' biggest. Mellon began the Union Trust Fund in Pittsburgh, which developed in its later decades into a few of the biggest financial institutions in the country. Rockefeller, who was involved in the petroleum business, built the Standard Oil Company. Philanthropists were not the only group of individuals funding the growth of Corporate America. "The federal government, mainly interested in encouraging interregional development, provided financial credit and land grants (Henretta 490)." As a whole, the American economy was growing at an amazing rate. It resulted from this growth that countless immigrants from Europe made their way over the Atlantic, in addition to African Americans migrating from the South, both with hopes of improving their own standards of life. When Europe fell into its depression, many European peasants were trying hard to live. It was not a struggle of providing good lives for their families, it was a strug...

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