Question

In: Economics

Why did people want to move to the United States? How did the industrialization of the...

  • Why did people want to move to the United States?
  • How did the industrialization of the US help establish itself as a world power?
  • How did the Industrialization of the US help change the class structure in the country?
  • What advancements did it have in technology and labor?

Solutions

Expert Solution

1.

People wanted to move to the USA, because USA provided the opportunity to work and grow with freedom. USA have been known as a land of freedom and liberty where people can realize their dreams. It became the biggest attraction for the people and they went to the USA. Further, USA have been the leader in innovation, advancements and industrialization across the economy with less government intervention and promotion of private property rights with wealth creation. It made people to move to the USA.

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2.

Industrialization of the USA, created fast economic growth, expansion and development of the economy that was able to cater the demand, taking place in other economies as well. It made not only people from other nations to come to the USA, but also other nations also wanted the support, technology transfer  and other forms of assistance from the USA to help them grow. It made USA to negotiate and form strategic alliances with these nations, present in different continents. In other words, USA became the supplier of goods and services to cater the demand in these countries and started affecting the economies directly or indirectly. It gave USA the upper hand in bargaining process and the USA became the world leader over a period of time.

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