By 1890, many American business leaders began to cast covetous eyes overseas in a search for new markets and investment opportunities.
American business leaders and farmers believed that foreign markets with access to additional consumers would alleviate some of these problems. Surpluses resulted in downturns in the economy, as evidenced by the financial panics that occurred in 18. The industrial and agricultural sectors of the economy produced more than the public could buy. Industrial and agricultural production changes, while beneficial to the American economy, presented new challenges.Ī pattern of over-production and under-consumption led to troubles in the post-Civil War economy.
The settlement of the American West by a class of new farmers translated into greater yields in crop production. For example, farm production increased with the adoption of mechanization. Changes occurred in other sectors of the American economy, also. Transportation systems improved-especially railroads-allowing producers to move goods efficiently to market for exchange. Mechanization and mass production allowed American industries to flood the domestic marketplace with consumer goods, but it also led to the growth of businesses and the emergence of the modern American corporation. Imperialism is the policy of acquiring dependent territories or extending a country’s influence through foreign trade. The kind of expansionism the United States engaged in during this period is called Imperialism.
0 kommentar(er)
