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Entrepreneurial Adventure

The Development of Economics in The United States

"Capitalism came in the first ships."

The United States was a nation of development. It was a nation of growth and of innovation. From the signing of the Declaration of Independence, to the end of World War II and so forth, complex dilemmas called for complex solutions and complex solutions called for innovation. While, many aspects of American Culture were built and perfected throughout the developmental years, none was more influential or powerful than the forming of the American Economic System. The history of economics in the United States can, most appropriately, be divided into two main sub-sections of development: technology and thought. Where between the introductions of the Constitution in 1787 up until around 1880, the only way for the ever-expanding nation to keep on top of it's growth was to develop the most sophisticated network of communication and transportation, tying the nation together and maintaining the closeness that no other country had ever had before.

The prosperous nation of freedom and liberty was fueled by growth-socially


As a part of the transportation system of the country, the small rural road was seldom given its due, although its role was indeed large (Taylor, 19). Unacceptably poor, compared to late-twentieth century standards, a great network of these roads existed in the settled portions of the United States around 1815 (Flugel, 313). These small roads typically ran from farms to the nearest village if it was on navigable waters, otherwise onto a village that was. However, since the roads and waterways were the only available form of transportation, the ports could not be far away, for the prices paid for the bulky produce of the farms-the corn or wheat of the North and the cotton or tobacco of the South-could not make up for the cost of extended transportation by land routes. So farming and manufacturing were limited to the more eastern cities, as they had the transportation, exemplifying the geographically controlled economic structure of the pre-transportation revolution years. This separation still existed because of the government's neglect for the rural roads which were more agriculturally and industrially useful than were the larger nationwide turnpikes.

9) Haney, Lewis H. (1949). History of Economic Thought.

New York, NY: Augustus M. Kelley Publishers.

For managers in the Third Industrial Revolution, the availability to all employees of almost unlimited amounts of data made possible the flattening of hierarchies and the broadening of management's control area. Yet even toward the end of the twentieth century the full implications of the change had not become wholly clear. And the trend was not just an American phenomenon, but also a full-fledged global movement (Haney, 96).



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Approximate Word count = 4775
Approximate Pages = 19 (250 words per page double spaced)


  

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