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From Reconstruction through the Dawn of the 21st Century Essay Example

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From Reconstruction through the Dawn of the 21st Century

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From Reconstruction through the Dawn of the 21st Century. The initial industrial expansion facilitated the shifting to factories from original artisans in America. The second wave of industrialization acted as a pioneer for organizational expansions and coordination between organizations. The industrial scales also become extremely large, demanding the advancements in technology, transport, as well as operational scopes. Thus, this period saw the development of the corporation’s form of businesses, which became dominant in the continent. As industrial growth continued, more corporations came into existence that now would even compete with one another in terms of finances, material acquirement, as well as investment scopes. This was a representation of a modern America.

The corporations needed massive financing at this period, a factor that led to the combination of these corporations into trusts. There emerged also the creation of single factories from those forms that were competing into the form of monopolies. These trusts operated on a wide scale, and their operations were facilitated by the sheltering of the factories and laborers via high tariffs establishment (Ripper, 2008).
The finance system also needed to be revisited once more in a bid to develop ample strategies for financing the industrial projects that were taking place rapidly at the time. The easiest way that was deemed crucial for facilitating finances to the growing bodies was through the formation of the aforementioned corporations and later the trusts. There was the introduction of high rated tariffs that had the main intention of sheltering the Americans corporations from stiff competitions that would end up ruining every business. There was also the utilization of the established Federal railroad land grants, which acted as a rationale for enriching investors and railroad workers in addition to farmers. These finance systems facilitated the creation of major towns and cities. This juncture had seen powerful businesses emerge, which had the influence of the governmental systems. The same period saw labor develop to higher heights owing to the need for workers in the industrial sectors as well as the railroad's construction. From Reconstruction through the Dawn of the 21st Century.

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