Question

How did the distribution of wealth in the united states change due to industrialization in the late 19th century?

Answer 1

During the late 19th century, the United States underwent a period of rapid industrialization, which had a significant impact on the distribution of wealth. Prior to industrialization, the economy was primarily agrarian, with a relatively even distribution of wealth. However, as industrialization progressed and the manufacturing sector grew, the concentration of wealth in the hands of a few wealthy industrialists increased.One of the main drivers of this trend was the rise of large corporations, which were able to take advantage of economies of scale and new technologies to produce goods more efficiently and at lower costs. This allowed them to generate high profits and accumulate wealth, while many small businesses and farmers struggled to compete.In addition, the growth of the industrial sector led to the creation of new jobs and higher wages for some workers, which contributed to the rise of a new middle class. However, many other workers, particularly those in low-paying and dangerous jobs, did not benefit from these changes and remained relatively poor.Overall, the industrialization of the late 19th century contributed to a more unequal distribution of wealth in the United States, with a small number of wealthy industrialists at the top and a large number of poor and working-class people at the bottom. This trend has continued to the present day, with income and wealth inequality remaining a significant issue in the United States.

Answer 2

Answer: After the end of the civil war in the US, industrialization gained momentum at an unprecedented level. Capitalism became the ideology of American society, and the establishment of industries and factories gained momentum, which ultimately resulted in the migration of people from small towns to larger cities.

The rise in the urban areas' population is attributed to the developmental activities carried out in the big cities worldwide. The establishment of the infrastructure in towns attracted the migration of the rural people to cities' urban areas.

The industrialization process in the United States created inequality in wealth distribution. The prominent industrialist and capitalists controlled the United States' economy and made a considerable share of profits. On the other hand, the economic conditions of the workers remained weak. They worked in hazardous conditions and paid very little money. The workers hardly managed to meet the necessities of life. The workers' exploitation was a common phenomenon in the initial phase of industrialization of American society.

It is evident that industrialization was the most significant feature that led to migration from villages and towns to cities. People left their primary occupations such as farming and fishing and shifted towards working in factories and industries. But there was no economic prosperity for the workers.

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