What were the most revolutionary social and economic developments of the last quarter of the nineteenth century? How did different groups of Americans respond to those changes and how effective were their responses? What role did government play.
Railroads were probably the most significant element in
American economic development
during the last quarter of the nineteenth century in addition to new natural resources, and the development of free trade agreements. Individual and/or group response to the industrial revolution is quite apparent today as opportunities created ventures of profitability, increasing marjket participation and availabilities, while generating new competitiveness within the United States market as well as the appealing influences grasping the attention of foreign investors. Government intervened as a result of unfair competition while observing industry leaders expansion, resulting in the monopolization of industry conglomerates.