Mod 3 Economic History Of The West

Running Head : Economic history in the WestNameUniversityCourseTutorDateThe troops machine war began in 1914 and was fought in Europe . The adjacent set of the war could be utter to be caused by character assassi democracy of Archduke Ferdinnad Franz at Serbia . The military of Ausro-Hungary decided to strike back . This war was said to have been incited by countries kindred France get together Kingdom and was by and by joined by an opposite(prenominal) republics like United States and Italy among early(a) European countries . This war ended in 1917 and saw Germany observe the better of and with so many casualtiesAfter the cosmea War I , thither came a point in time of corking depression (Bender 1999 . The United States of the States referred to it as the great slump There was a spherical economic ravaging . In the U S , it was mainly associated with the crashing of the buy in viands markets in 1929 , October . This crash of the market had negative impact on international trade . Income declined and high rate of un usage was go through . From the offset of the 19th centaury , what were in the minds of most the Statesns were the issues of refinement of their territory . This was the imperialism closure (Bender , 1999 . This was whereby countries that were powerful expanded and took control over the weaker nations . This idea of expanding upon led to buying of Louisiana to the west . Another malignment was acquired during the war with the Mexican , during the mid-centaury . In the later 19th centaury and primordial years of 20th centaury so American expand when it acquired the island of hello . The acquisition of these lands brought about a heated debate betwixt those opposing the idea of expanding the territory and those for this idea (Bender , 1999 .

In a nutshell America imperialism period was characterized by increase in employment rate and trade both within and the overseas market , thence brought economic expansion let alone the governmental expansion that saw America venture to the Pacific and Asia among other placesDuring this period of 19th and 20th centaury , America became an industrial nation (Bender , 1999 . It had the highest rate of production in steel , timber , prop and gold , iron and coal among other things There was a real transformation in people s way of exact , businesses , and the work place at large . The main causes of this fuddled growth rate in industries can be attributed to luxuriant transport system due to expansion o f the railroad that facilitated the fare of raw materials to the factories and from the factory to the markets in urban atomic shape 18as availability of cut-price job from the immigrants who were coming in America to work in the mining zones and capital , the advanced technology that transformed production . There were new tools of work that enhance production examples are the drilling and cutting tools , a treat of resources and cheap vital force . This period also experienced the change of human labor to machines . The homemade or handed-down workshops became big industries . Agricultural economies changed to industrial ones . It brought about urbanization thus growth of cities . These...If you want to get a full essay, establish it on our website: BestEssayCheap.com

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