Explain Why The American Economy Expanded So Fast Between 1890 And 1920
Explain why the American economy expanded so much and so fast between 1890 and 1920.
Between 1890 and 1920, the American economy expanded hugely at an extremely fast pace. This growth saw, by 1900, people employed in manufacturing, mining, construction and services rise from 4 million to 18 million and the USA was producing 30% of the worlds’ manufactured goods. There were many factors that caused this growth such as the development of the railways, immigration, a large supply of natural resources, the idea of the ‘American Dream’ and monopolies.
One of the biggest factors of the rapid economic expansion was the development in transport and communication systems. The development of the railway provided links that allowed the creation
Between 1890 and 1920, the American economy expanded hugely at an extremely fast pace. This growth saw, by 1900, people employed in manufacturing, mining, construction and services rise from 4 million to 18 million and the USA was producing 30% of the worlds’ manufactured goods. There were many factors that caused this growth such as the development of the railways, immigration, a large supply of natural resources, the idea of the ‘American Dream’ and monopolies.
One of the biggest factors of the rapid economic expansion was the development in transport and communication systems. The development of the railway provided links that allowed the creation