Industurial Revolution

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Industurial Revolution

The Industrial Revolution had a major impact (both positive and negative) on the economic, political, social and cultural life in America, changing it from an agrarian (agricultural) and cottage (small specialized) society which was Thomas Jefferson's vision to a modern advanced and technological society which are Alexander Hamilton's vision. The concept according to Alexander Hamilton is one of the greatest visions that he had. Alexander Hamilton was born as a British subject on the island of Nevis in the West Indies on the 11th of January 1755. In the young United States, Secretary of the Treasury Alexander Hamilton called for an Industrial Revolution in his Report on Manufactures (1791).
Many Americans felt that the United States had to become economically strong in order to maintain its recently won independence from Great Britain. In cities up and down the Atlantic Coast, leading citizens organized associations devoted to the encouragement of manufactures. The Industrial Revolution unfolded in the United States even more vigorously than it had in Great Britain. The young nation began as a weak, loose association of former colonies with a traditional economy. More than three-quarters of the labor force worked in agriculture in 1790. Americans soon enjoyed striking success in mechanization.By the end of the century, the United States was the world leader in manufacturing, unfolding what became known as the Second Industrial Revolution. The American economy had emerged as the largest and most productive on the globe.
Alexander Hamilton was a man of vision as well as economic genius. The amazing staying power of Alexander Hamilton's economic policies and the success that they have produced is clearly evident in today's modern economy. One of the most profound things about the visionary economic policies of Hamilton is that they not only solved the immediate problems facing the United States, but they also accounted for many of the challenges...
  • Submitted by: antonez
  • Date Submitted: 03/17/2005 11:04 AM
  • Category: Miscellaneous
  • Words: 970
  • Pages: 4
  • Views: 302
  • Rank: 114039

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