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The Industrial Revolution and America

A feature of the Industrial Revolution in the United States is its colonization in nature, which is the transfer to the new land developed in the metropolitan forms of economic activity.

The development of the US economy started before the end of the XVIII century. It was under the influence of economic policy, which is carried out in the UK against the colony. Britain was profitable to consider the South American colonies as a source of raw materials and a market for its manufactured goods.

The Industrial Revolution began after the War of Independence (1775-1783), which not only freed the colonies and initiated the formation of an independent state, but also declared the bourgeois freedom, while maintaining the slavery of blacks.

It was intensified the colonization of the western lands. The main flow of immigrants came from northern states. Deprived of land, farmers from the South moved on the West, as well as planters in search of fertile land.

At the beginning of the XIX century US agriculture is developing rapidly, but if the North was dominated by free farmers, the agricultural economy of the South was based on the mass employment of Negro slaves.

Increases agricultural production provides food needs of industrial centers. With the growth of farmers' income increased demand for industrial products and consumer goods production, which stimulated the development of the industrial Northeast. Infant industry lacked manpower. High demand for labor has led to its high cost, which made it necessary to replace the living labor by machinery. The high cost of labor stimulated the invention, imports machinery and equipment from other countries. There also were American inventions, aided by legislation.

The financial basis of the emergence of factory industry accounted for, first, the profit of the commercial bourgeoisie; secondly, proceeds from the speculative activities of the bourgeoisie, planters during the war for Independence; third, the income of farms. Favorable conditions for the industrial revolution formed, and due to the influence of external factors. The gap of economic ties with the mother country during the war for Independence has facilitated the sale of products of American industry. European War (1792-1815) stimulated foreign trade of the United States and brought considerable profits, foreign trade of the United States was carried out mainly by domestic production of ships.

A feature of the Industrial Revolution in the United States is its colonization in nature, which is the transfer to the new land developed in the metropolitan forms of economic activity.

The development of the US economy started before the end of the XVIII century. It was under the influence of economic policy, which is carried out in the UK against the colony.

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Assignment ID
100002699
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CREATED ON
November 9, 2016
COMPLETED ON
November 10, 2016
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$25
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