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1850: The Rise Of Industrial Capitalism In America

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In 1850 a new economic system rose in America, Industrial Capitalism. The rise of Industrial Capitalism brought many Changes to America. Cities and transportation, such as automobiles and railroads, become popular during this time. The three social classes became distinct during this time. The benefits of Industrial Capitalism were increase in production, because the creation of the assembly line. More jobs were created and high salaries for workers. This all created a more controlled economy. Despite the Benefits, there were many problems that came with Industrial Capitalism. The biggest problems were social class inequality and that people were unhappy. There were many groups in the next 100 years that would try to solve these problems; Progressives …show more content…

Roosevelt created the New Deal. Roosevelt, former Progressive, want to radically reform Industrial Capitalism. The New Deal was Roosevelt economic policy to help fix the economy and fix the problems of Industrial Capitalism. Like the Progressives, the New Deal wanted Government to have more control over the economy .The New Deal adopted a “deficit spending” type of economy; this wanted the government to have more control over America’s money. To help stabilize the economy the New Deal created the monetary reform. This end the gold standard created and gave the government more control over the economy. The Mellon Plan created during the Roaring twenties was destroyed, giving the government more money. The New Deal was also able to created more jobs for people in America. The Civilian Conservation Corps and the Works Progress Administration help to employ more people. Also the legalizing of unions help to improve work conditions for the workers. Even though The New Deal was effective at helping workers by creating more jobs and stabilized the monetary system, Industrial Capitalism still had …show more content…

The main problems that Industrial capitalism created were social classes inequality, and individual unhappiness. The progressives helped to make the classes more equal by ending child labor for the lower class. They also made settlement house to help the poor and improve the overcrowded cities. The roaring twenties help to increase social happiness with Laissez-Faire, which gave more money to the people then the government. The New deal supported big government, giving them more control over works, and created many jobs for the unemployed in America. The groups individual were effective at fixing some problems of Industrial Capitalism; however the groups contradicted each other on where the government should have more or less control over society. Even with the improvements these three groups made industrial Capitalism still had

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