The USA’s economy in 1861, on the eve of the Civil War, featured all of the following EXCEPTGroup of answer choicesMost products made one-at-a-time by craft workersMost Americans engaged in farming or other agricultural pursuitsMost consumer sales transacted by small-scale general merchantsMost banking conducted by large New York investment firms

“In the decades following the Civil War, American capitalism began to produce a distinct culture, unconnected to traditional family or community values, to religion in any conventional sense, or to political democracy. It was a secular business and market-oriented culture, with the exchange and circulation of money and goods at the foundation of its aesthetic life and of its moral sensibility. . . .“By World War I, Americans were being enticed into consumer pleasure and indulgence rather than into work as the road to happiness. . . . For generations, America had been portrayed as a place of plenty, a garden in which all paradisiacal longings would be satisfied. . . . By the early 1900s this myth was being transformed, urbanized and commercialized, increasingly severed from its religious aims and focusing ever more on personal satisfaction and even on such new pleasure palaces as department stores, theaters, restaurants, hotels, dance halls, and amusement parks. . . . This new era heralded the pursuit of goods as the means to all ‘good’ and to personal salvation.”William Leach, historian, Land of Desire: Merchants, Power, and the Rise of a New American Culture, 1993QuestionWhich of the following long-term developments in the second half of the 1800s best helps to explain the change in United States culture depicted in the excerpt?ResponsesSome Americans began to move away from urban areas to form utopian communities.Some Americans began to move away from urban areas to form utopian communities.The formation of farmers’ cooperatives increased resistance to the business practices of corporations.The formation of farmers’ cooperatives increased resistance to the business practices of corporations.Some wealthy Americans used the doctrine of Social Darwinism began to justify economic inequality.Some wealthy Americans used the doctrine of Social Darwinism began to justify economic inequality.The creation of new manufacturing methods allowed factories to greatly increase production.

American economic prosperity in the 1920s was fueled by the growth in: a. telecommunication industries b. steel and oil industries c. shipping industries d. consumer durable industries

discuss the imapct of first world war on the us economy 80 words

The USA’s rise to a global industrial power during the Gilded Age can be credited to all of the following EXCEPTGroup of answer choicesA national railroad system that created an integrated marketA larger domestic market due to a rise in the national populationA higher level of urbanization with more people living in towns and citiesAn increasingly higher percentage of the U.S. population living and working on farmsA more efficient agricultural sector due to advanced farming methods

Use the excerpts to answer the question.“When the war began, the United States was a [limited investor] in international capital markets, but following the war the United States began investing large amounts [of money] internationally, particularly Latin America, thus "taking on the role traditionally played by Britain and other European capital exporters." With Britain weakened after the war, New York emerged "as London's equal if not her superior in the contest to be the world's leading financial center."“From 1920 to 1929, total manufacturing output rose a bit over 50 percent, an [overall] figure that [hid] even more rapid rates of growth in major sectors of the economy. Primary manufacturing grew at a rate of 2.5 percent per year; end product manufacturing increased 4 percent per year throughout the decade. By 1929, the economy of the United States produced four-tenths of the world’s coal, seven-tenths of the world’s petroleum, a third of the world’s hydro-electric power, half the world’s steel, and virtually all of the world’s natural gas.”How did World War I impact the American economy?ResponsesAs Europe focused on recovery after the war, America was able to focus on technological development and new investments, transitioning America to a world economic leader.As Europe focused on recovery after the war, America was able to focus on technological development and new investments, transitioning America to a world economic leader.As Europe focused on recovery, an increase in tax cuts in America caused a reduction in consumer spending hurting the American economy.As Europe focused on recovery, an increase in tax cuts in America caused a reduction in consumer spending hurting the American economy.After World War One, Europe shifted to a policy of militarism. Therefore, America boosted production of military machinery, which increased revenue for American exporters.After World War One, Europe shifted to a policy of militarism. Therefore, America boosted production of military machinery, which increased revenue for American exporters.After World War One, Europe shifted to a policy of isolationism. Therefore, America acquired new land, which increased American trade markets and created an economic boom.After World War One, Europe shifted to a policy of isolationism. Therefore, America acquired new land, which increased American trade markets and created an economic boom.