American Economy History
The rise of the United States as a world power in the twentieth century was based on the reation of a specialized regional structure in the nineteenth century. Four major elements helped evolve America's nineteenth century regional structure from the agriculture based, post-independence country that it was, into the twentieth century world power it would become. The four main elements are: 1. Improvements in transportation, specifically the development of the railroad system, 2. Growing regional economic and industrial specialization, 3. A shift from an agricultural to an industry-based economy, 4. Economic expansion overseas. The effect of these elements in some cases was direct and in others was more indirect. Transportation did not directly lead to America becoming a world power but it did provide the infrastructure for some of the later elements. A more direct affect resulted from increased regional specialization as well as industrialization. The final point, overseas expansion had the most direct link to America's transformation into a world power. During the first half of the nineteenth century improvements in transportation occurred rapidly. Roads, steamboats, canals, and railroads all had a positive impact on the Amer
The move to industry started by the Civil War continued post-war by high levels of immigration. Economic expansion overseas is the final element of a nineteenth century regional structure that can be directly linked to American emergence as a world power in the twentieth century. The rise of American nationalism resulting from a strengthening economy as well as the growing interest of American firms in foreign markets led to the creation of foreign branches. In other words, national markets were no longer enough for America. Recognizing this, the government supported American business's territorial expansion. "K the Civil War did stimulate American industrialization. K merchants and manufactures prospered directly and indirectly in the business of provisioning and outfitting troops. After four years of war many kinds of industrial output increased rapidly." (John Agnew, p.47)
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Approximate Word count = 918
Approximate Pages = 4 (250 words per page double spaced)
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