Final answer:
The post-Industrial Revolution era in American history was defined by industrialization, manufacturing growth, and the development of a market-based economy that emphasized capitalism and consumer culture.
Step-by-step explanation:
In the history of the American economy, the period or stage following the Industrial Revolution was known for its emphasis on industrialization, manufacturing, and the rise of a market-based economy. After the Industrial Revolution, which began in the United States immediately following the Civil War, there was a transformation from an agrarian economy to one focused on factory production and increased reliance on machines. This shift was marked by the transition from home production to factory production and saw a change from traditional controls over production, distribution, and exchange to market transactions driven by supply, demand, and price.
The rise of industry meant that instead of primarily farming, many Americans moved to cities for industrial jobs. The utilization of raw materials and new inventions spurred on this transformation, as did the expansion of big business. As a result, by the early 20th century, manufacturing became the primary area of economic growth, peaking in workforce involvement in the late 1970s.
Thus, the post-Industrial Revolution period in the American economy was characterized by a shift towards capitalism, mass production, and a burgeoning consumer culture. During this time, individuals shifted from exchanging their labor for goods to receiving a fixed wage, which they then used to purchase consumer items. This economic change affected class relations and brought about new opportunities for wealth through individual initiative and technology.