The Industrial State, Vol. 4
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| Partner: | buecher.de |
| Hersteller: | Forgotten Books (Bogart, Ernest Ludlow) |
| Stand: | 2015-08-04 03:50:33 |
Produktbeschreibung
Excerpt from The Industrial State, Vol. 4: 1870-1893 The period between 1870 and 1893 has probably been equaled by no other period of equal length in our history for the magnitude and far-reaching importance of the economic changes that occurred within its span. Until this time Illinois had ranked as an agricultural state, standing high among the states of the union in almost every branch of farming. Its expansion along these lines still went on apace. But in addition to agriculture the state began now to develop concurrently other lines of industry. The coal fields of southern Illinois began to be tapped and the mining Industry began to be developed. At the same time manufactures were built up along lines for which the state was peculiarly suited by reason of the presence of the necessary raw materials. Industry was thus diversified, cities were established, and the interests of the people of Illinois expanded and broadened. Important social and political results accompanied these economic changes. Partly result and partly cause of these movements was the enlargement and transformation of the transportation system. This period saw a vast extension of the railway and a corresponding decline of water transportation. Traffic now passed from west to east and no longer from north to south. The diversion of freight from the Mississippi river and its tributaries to the railroads was definitely consummated. The mechanism of credit and exchange also underwent the same expansion as did the machinery of transportation, and was fitted to the needs of a growing industrial state rather than of one purely agricultural. Not only in Illinois, but throughout the United States as a whole, this period was one of extraordinary economic expansion, of exploitation of natural resources, and of unbridled competition. It offered rich rewards to the energetic, the daring, and the far-sighted business man. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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