Jul 22, 2017 Research papers

Was late 19 th Century entrepreneurship the ultimate realization of capitalism?

This paper concentrates on the primary theme of Was late 19 th Century entrepreneurship the ultimate realization of capitalism? in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 40. For more details and full access to the paper, please refer to the site.

How the process of industrialization affected the political and social realities of American life between 1877 and 1914

INSTRUCTIONS:

Please refer to the following key questions: 1. Was late 19 th Century entrepreneurship the ultimate realization of capitalism? 2. How did the ideas embodied in concepts of the Gospel of Wealth and Social Darwinism inform the views of capitalists? 3. Who were America `s new industrial workers? Under what conditions did they work and live? 4. What was the impact of rapid urbanization upon the lives of those who lived in the cities? 5. What efforts were made to alleviate those conditions and To what apparent effect? 6. Was urban poverty only the concern of social welfare progressives? Or did the wealthy also consider the impact of Gilded Age life upon the industrial lower classes? Why?

CONTENT:
How the process of industrialization affected the political and social realities of American life between 1877 and 1914NameCourse numberInstructor’s nameDate The late nineteenth century witnessed an increase in the economic power of the elite. They used their power to consolidate raw materials and human labor to organize America’s manufacturing industries. There was a shift from the traditional skilled artisans and farming into a reliable labor force. This period also witnessed mass influx of rural to urban migrants in search for work. They dense urban populace was vulnerable to the economic fluctuations.There arose many forms of entrepreneurs including those working in the gray and black markets. Many of them accrued substantial wealth and forged working partnerships with legit commercial networks. Following the industrial revolution, the government supported economic risk taking and relaxed regulatory measures to build capitalism. This period resulted in great entrepreneurs such as Rockefeller, Andrew Carnergie and Cornelius Vanderbit.. Social Darwinism garnered support from accomplished entrepreneurs such as Andrew Carnegie and William Graham Summer. They advocated notions that competition was the mother of prosperity and personal liberty. Summer propagated the idea that the government refrain from regulating economic functions. He viewed the economy as a natural event that did not require government intervention either in labor strikes or in the form of antitrust legislation. The gospel of wealth concepts also had significant influences on the nineteenth century entrepreneurs. It was a more subtle version of capitalism advocacy as compared to Social Darwinism. Gospel of wealth advocates espoused that prosperity accrued from capitalist ventures would benefit all people in the society. It meant that the successful businessmen such as Russell H. Conwell had obligations to assist others in the society and to encourage people to identify economic opportunities in their villages. Other entrepreneurs such as Carnergie indicated that the government had no right to restrain capitalism as it created wealth that was beneficial to...


0% Plagiarism Guaranteed & Custom Written, Tailored to your instructions


International House, 12 Constance Street, London, United Kingdom,
E16 2DQ

UK Registered Company # 11483120


100% Pass Guarantee

Order Now

STILL NOT CONVINCED?

We've produced some samples of what you can expect from our Academic Writing Service - these are created by our writers to show you the kind of high-quality work you'll receive. Take a look for yourself!

View Our Samples

corona virus stop
FLAT 25% OFF ON EVERY ORDER.Use "FLAT25" as your promo code during checkout