Tuesday 13 January 2015

Capitalism Econumy at United Stated

Describe Factors of Economic Growth and Development of Capitalism in the United States In the 18th Century to 19th.

Economic Development of Capitalism in the United States began after the end of the war the United States and Britain (1812) and the Civil War (1861-1865). Political stability led to the capitalists invested capital in the industrial sector.
These developments led to the Industrial Revolution began in the United States began (1860 to 1914)

Fill-Fill Material:

Wealth of natural resources

Mid-19th century, the economic system of capitalism flourished in the United States. The development of this economic system caused rapid growth in the sector is perindustrian.A ntara: WEALTH OF NATURAL RESOURCES - The United States is a vast country and has many resources such as coal, iron, steel, and oil. By 1913, the United States became a major coal producer in the world. Most of the coal production in the United States contributed Pennslyvania.

Labour power supply

The United States also has a power supply of labor. Labor intensive stimulate the growth of the industrial sector that requires many employees. Labor supply that many have been providing demand for the output of the country. Wealth of natural resources is a key factor driving the development of capitalism in the United States.

Labor immigration in the country and the presence of foreign workers

The presence of foreign workers and the labor movement in the country provides an adequate labor supply. Contract Labor Law of 1864 encourages the arrival of American labor law Syarikat.Undang This causes influx of Chinese workers involved in the construction of railroad towns api.Pertumbuhan cause people to move from rural to bandar.Perkembangan area causing a population increase in port cities such as New York, Chicago, and Boston.

Advances in technology

Advances in technology have resulted in many new inventions appeared in United states. These developments have led to emerge famous inventors in the United States. Between the creator and the creation is Samuel F. B. Morse who invented the telegraph, Graham Bell who invented the telephone, Thomas Alva Edison who invented Electricity, Henry Ford who invented the car, Wilbur and Orville Wright who created the Aircraft. Until the end of the 19th century, companies in the United States has issued 40,000 cars. In addition, the new method appears to produce iron and steel on a large scale.

New Marketing Techniques

After that, came a new marketing techniques, items sent through the post. Among the well-known shipping companies are Roebuck and Montgomery Ward and Company, founded in 1872.Dimajukan because progress postal system and railways. Goods can be delivered quickly and accepted by the population in urban and rural areas. After that, came the big department stores that offer a wide variety of goods and services under one roof, the building is the famous Macy (New York), Filene (boston), Field Marshall (Chicago), and Wannamaker (Philadelphia). At the same time, advertising systems also exist. Trade Expo held for market goods that are produced by the plant, for example Columbia International Exposition held in Chicago in 1893 attracted 27 million visitors.

Waterway Transport

The river is a major transportation route for moving goods. Introduction Wap ship has fueled the growth of the US economy. In 1807, Robert Fulton's steamboat Clermont named first voyage on the Hudson River. Steam ship can transport goods and people quickly and efficiently.

Construction of the canal

Sequel has emerged as a primary mode of transportation to residents of US manufactured. Consistently found to be more efficient to move heavy goods compared with the road. Between Canal leading in the United States is the Erie Canal in New York. Measuring 40 feet and 360 miles long. This sequel to reduce the cost of moving goods and reducing travel distances from 20 days to six hari.Menjadi a leading port in the United States. Other states like Pennslyvania, Ohio, and Indiana are also investing in the canal builder.


The development of the capitalist economic system in the United States began after the end of the war with England and the American Civil War. The development of the capitalist economic system saw the growth of the industrial sector and large businesses. In the meantime, the rapid development of the economy in the United States after the country gained independence from Britain in 1776. Political stability in the country laid the foundation for the development of the capitalist economic system in the country.

No comments:

Post a Comment