Question

In: Economics

How did the (physical) environment of the united states impact the economy development of the country...

How did the (physical) environment of the united states impact the economy development of the country in the first half of the nineteenth century?(Hint: these new technologies get developed for reasons...).

Explain in Detail and With Evidence

Solutions

Expert Solution

The United state is the world's largest economy . It is one of the world's largest consumers of natural resources . In the late - nineteenth century the United state was a leading economic power country , and it has absorbed a chief role in the world economy .

The business and economic sectors of United state changed fiercely during the end of the 19th century . Cultivation , which had been the nation's primary employer throughout the 19th century was gently being replaced by industry . The United states was enlarging it's economic interests around the globe and appearing as a world power .

By the end of the decade , Men and women seldom completed for jobs , primarily because of division of labour according to gender . In the industrial sectors , men had ideally hired that required physical strength , when women were hired for low-paying jobs . Although in 19th century half of these women workers were included in farming or domestic services .

In 1900 more than 2 lakhs children under the age of 15 worked in industries for minimum pay . The 1900s witnessed the establishing of numerous agencies that have since become installation in American life . Several vital and violent strikes occured during 1900s because of the great differences in the lifestyles of owners and workers .

The 1900s has a generally cheerful economic viewpoint , the confidence of many people of US was quaked by the sharp stock market drop in 1907 .


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