What caused the rise of the American Industry?
26943
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846370
The American business sphere, as we know it now, is an elaboration of the same sphere of influence that was ran by the English, the French, the Spanish, and the Venetians during their time.  With the start of the Dutch East Indies Company and before, the world's commerce has been determined using the European model of capitalism; the Americans did nothing to this except accelerated and expanded on its growth and influence.  The only difference is that with mass communication, changes and updates that took months now happen instantaneously.\n\nA switch to a Communist based system would cause complete chaos, crash markets, and kill the competition system that drives many of the world's industries.  This is probably why the Chinese are slowly adapting the "American" system as their own in order to truly compete globally in the economic arena.\n\nI hope that helps.
938578
Yes.  To the extent that it drives the cost of production up.  Those costs will be passed along to the customers if the marketplace allows it. \n\nOn the other hand, it will spawn new industries, products, and services.These will  provide jobs.
476413
I would say how much did it make america earn. America was just an emerging country in the beggining of the century. It got awfully rich after WWI, and awfully rich after WW2\n\nselling arms during the war, and reconstructing after.
1016325
The United States had evolved into a nation where different areas were stronger in different economic systems. The U.S. was also competing in the world - usually against the economic strengths of England and France - as it built up its economy. The North was developing from small farms into an industrial area where factories were producing goods to sell to the world. One of the raw materials used was cotton from the South.\nThe South was growing from an agricultural base. Cotton was the most important crop, and cotton was sold both to the North and to the world.\nThe West was growing into an agricultural base with grains and cattle the source of income.\nA tariff is a tax on imported goods. A low tariff is used to raise money for the government. It just skims a little of the price from an import, and the loss is made up by adding a bit to the sale price. The customer doesn't like this but buys it anyway. \nA high tariff adds much more to the price of an import, perhaps doubling the price. It is used to stop the import of a good, because the customer will not pay that much.\nThe North favored a high tariff against the import of textiles so that its textile producers could sell their goods. It was aimed at European textile manufacturers. But those manufacturers bought a lot of cotton from the South. So, the South was against the high tariff. \nThe West did not particularly like the high tariff because the goods from Northern manufacturers cost more than the goods from European manufactures. \nThe politics encouraged the South to move more people into the West so more states would be on the side of the South in the government and could defeat high tariff laws when they were proposed by a Northern state. \nThis economic and political situation was the fundamental cause of the Civil War.
984854
High economy? HAHAHA! Let's see. The democrats are trying to raise the minimal wage, this will cause business to 1. Fire more empolyees cause more unemployment. 2. Higher pricing for products. 3. Smaller businesses won't be able to make it because they won't be able to compete with the corporations. But of course you'll start restricting corporations cause more unemployment as well as a LOWER economy. So, good luck.
326991
prohibition was booze, which caused a huge crime spree, cause everyone wanted their booze.  the government brought in a whole lot of new people to keep America free from booze, so a lot more people were working govt jobs, booze was being smuggled into the country, and more govt was formed, the the govt folks realized everybody was getting shit faced and a lot of people were dieing because of rot gut, and the govt was not getting any tax money to pay all these new employees,\nthe banks were not making any money cause booze was being shipped and home brewed without benefit of money laundering;\nthe the govt had another great idea...let Americans have booze..outlaw drugs..so the circle  continued..but now the \nmoney from drugs is channeled in such a way that everybody makes money except for the poor slob on the street....nut shell economics
415815
I tend to take the John Stossel view on the subject - despite what all of the politicans and the media say, outsourcing actually helps this country. It leads Americans to get more education and better jobs which pay higher wages. In the past ten years, the unemployment rate has actually gone DOWN, despite all of the "outsourcing" and the "taking of American jobs" that have been going on.
422411
China's economy is booming because people work for slave wages.  And companies wants their stuff made in a place where the workers have very little rights.  Which is ironic when Communism was supposed to be about the workers gaining back power from the people who own everything.  But it's not Communism in China anyway, it's State Capitalism.\n\nAs for India, the outsourcing of American jobs, because Indians are willing to be paid a lot less than Americans, is contributing to their emerging economy.\n\nSee, I can only tell you from an American perspective.  ::shrugs::
1121334
The mountains made it hard to expand westward and build the railroads.\n\nThe rivers and natural resources made it easy to make metals and become industrial.
522019
Because of the Great Depression
415901
Economists agree that the Crash followed a speculative boom that had taken hold in the late 1920s, which had led millions of Americans to invest heavily in the stock market, even borrowing money to buy more stock. Banks lent heavily to fund this share-buying spree.\n\nThe rising share prices encouraged more people to invest, as they hoped the shares would rise further, thus fueling further rises, and creating an economic bubble. On October 24, 1929 (with the Dow just off its September 3rd peak from at 381.17), the "bubble" finally burst and panic selling set in. 12,894,650 shares were traded in the space of one day, as people desperately tried to dispose of their shares before they became worthless.\n\n\n\n12.9 million shares changed hands on Black Thursday 1929(a new record – 4 million shares was considered a busy day back then). Most of the panic took place in the morning hours. The ticker tape machine fell behind by an hour and a half leaving investors madly scrambling to sell their investments without even knowing the current prices. Panic set in. \nhttp://mutualfunds.about.com/cs/history/a/black_thursday.htm
243083
Because all the US immigration phases thorough history.. Especially between 1860s-1910s.. Everybody saw The US as a place where they could make their dreams come true because of all the econimic and social growth of the country. This also created the stereotype of the "American Dream."
945931
There has been an increase in globalization in the United States as well as in rest of the world. This has resulted in many good things as well a lot of economic dislocation and unemployment.  It is not completely evil as you seem to assume. Read Thomas Friedman's "The Lexus and the Olive Tree".\n\ncc
531621
There is no job that americans, or anyone, would not do for the right price.  The markets would adjust, and the price of cheap labor would rise until people would do it.  Realize that there is not a single industry where the majority of manual labor is done by illegal immagants.  Not agriculture (where they are 24% of workers), not construction (14%), cleaning (17%) or any other recognized field.  Note that the statistics I quoted above are from the Pew Hispanic Center, not very conservative.
352998
Mine went up.\nThe reasons given by the insurance company;\nCost of medical expenses went up\nCost of auto replacement parts/repairs went up\nNumber of accidents in the area went up
79121
Competition in most fields not heavily regulated by the government is much higher.\n\nIn many cases, managment didn't adapt, and those businesses shrank or were bought.