American was a prosperous country with improbable frugal increase between the end of Reconstruction and the Great Depression. It was during this sentence that industrial expansion went into high gear because increasing manufacturing efficiencies enabled American firms to newspaper clipping prices and yet earn profits for funding still punter equipment (Henretta 488). During this era, the manufacturing of blade, the construction of railroads, factories, and warehouses, and the growing demand for technical advancements, increased greatly. Philanthropists, much(prenominal) as Andrew Carnegie, Andrew Mellon, and John D. Rockefeller, took advantage of the situation they were in by investing large sums of capital into the growing economy. Carnegie constructed an colossal steel mill outside of Pittsburgh that became sensation of the worlds largest. Mellon started the Union religious belief lineage in Pittsburgh, which developed in its later geezerhood to one of the largest finan cial institutions in the country. Rockefeller, who was involved in the fossil oil industry, make the Standard Oil Company. Philanthropists were not the only convocation of passel funding the growth of Corporate America. The federal government, mainly interested in encouraging interregional development, provided financial credit and land grants (Henretta 490). As a whole, the American economy was growing at an incredulous rate.
It was due to this growth that countless immigrants from Europe made their communicative style over the Atlantic, as well as African Americans migrating from the South, both(prenomina l) with hopes of improving their own standar! ds of vivification. When Europe fell into its depression, many European peasants were struggling to live. It was not a struggle of providing good lives for their families, it was a struggle of providing lives in general. When word of the economic boom in America reached the European shores, many European farmers decided to exact up and set off for a better animation in America. Farming in Europe... If you want to get a full essay, order it on our website: OrderCustomPaper.com
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