Question

To what extent did U.S.economic growth between1865and1940create a wealthy,just and equitable society?

1. Describe and give three examples of U.S.economic growth during those years.

2-Give three examples of how Americans benefited from growth.How did life improve for most(maybe not all)Americans

Answer 1

1) Banking System:
Banking system supported by national banks with a sound currency for industrial expansion. The nation thus monetized potential wealth represented by urban structures, farmland, factories.

Education:
Compulsory education laws that mandated child factory workers to undergo at least three months of schooling each year

USA entered a process of rapid economic growth in the last third of the 19th century, which doubled per capita revenue over the period.

By 1895, in production output, the United States jumped ahead of Britain for first place.
Machinery and consumer goods exports increased.

Extended railway network significantly reduced the cost of transport to areas without access to navigable waterways.

Low freight rates allowed large production facilities with large economies of scale.

Machinery has become a popular industry.

Businesses were able to operate in larger regions, and chain stores have emerged.

Mail order firms began working.

2) In the late 19th century, railroads, steel, electric lights and street rail, communications, new business management, agriculture, oil, mineral and mining industries flourished.

Proper provision of water and sewerage and Trade Unions

Developments in politics:
Concern over unfair railroad practises, such as freight prices favouring some shippers created 1887 Interstate Commerce Act with first regulatory agency of the country, the Interstate Commerce Commission.