How did America become a strong economic power between 1866 and 1900? Explain. Try to make a connection between resources, entrepreneurs, and workers.After the Civil war and Reconstruction, United Nations went into an age known as “Gilded age wherein industries in U.S started sky rocketing. This was because of the following: Hand labour was replaced by machines as the key means to manufacture causing an increase to industries production capacity.Investors started developing new products that people desires and businesses started producing these products in larger quantity. Bankers and investors supplied large amount of capital that leaders of businesses required for expanding their operations. New railroad network across the nation was set up that could distribute goods near and far. As a consequence, various big businesses started growing up such as mining coal, petrol and rail organizations as well as sellers of products like steel, industrial machines and automobiles.
These dramatic changes occurred due to factors such as improvement in transport and communication mediums, capitalism growth and capitalistic entrepreneur’s growth, newer inventions and technology, newer methods of advertisement and techniques of marketing, enough resources of natural nature and support of the government. These factors grew strongly throughout 1890 and continued to show successful economic growth and a strong economic foundation by 1900. For example: 193,000 miles of rail tracks were laid down by 1900 across U.S. Furthermore capitalism brought in a means to produce through capital owned privately by people. Under such an economy, it becomes possible to trade labour, goods and capital. However industrialization of rapid nature would not be possible without enough support from the government that U.S obtained at that time.