Exam III: Industrial Capitalism

Question 1

Thesis

Answer 1

The rise of industrial capitalism between 1865 and 1914 was made possible due to the government support of an expanding economy, the expansion of railroads, and the supporting, expanding labour force.

Question 2

Argument #1: Gov support of expanding economy (5)

Answer 2

1. Invisible hand
2. Lassez-faire capitalism
3. Gov encouraged big business & promoted industrial and agricultural dev
4. High tariffs
5. Results: Lincoln’s America ends & old industry grows as new are born
   (Transition: federal gov grants to railroads)

Question 3

Argument 3. supporting, expanding labour (5)

Answer 3

1. Traditional dream replaced
2. Cities & immigrants
3. Growth transformed American society
4. spirit of innovation
5. (Ex) Edison

Question 4

Argument 2: expansion of railroads (4)

Answer 4

1. Support from private investment, massive land grants, & $ from govs
2. Huge growth
3. Whole economy seemed to revolve around it
4. National brands & chains