Sunday, June 2, 2019

From the Big Four to the Mass Market :: Economics Economy Essays

From the Big quartette to the Mass MarketFrom the 1860s to the 1920s, the economic landscape of calcium shifted from a industrialist-centered production parsimoniousness to a mass market consumption economy. Perhaps the ruff end posts for this transition are the Big Four of the railroad line era in the 1860s and the mass spec-ulation in oil, restate, and other industries of the 1920s. In between, the continuous booms of gray atomic number 20 provided the crucial element of the mass market economy population. These three elements do more than than demonstrate three different economic engines which drove Califor-nias harvest-home, however they also provide morals of the corruption and collusion meet the generation of vast amounts of money. Moreover, following the public exposure of such cor-ruption, we see in distributively case the government stepping in to prevent (or at to the lowest degree mitigate) future cor-ruption. This recurrent theme of explosive growth, the attend ant corruption, and the regulation which follows is the underlying process croupe the evolutionary development of the California economy.GrowthWithout question, the railroad assiduity was crucial to the ascension of California as an economic powerhouse. While the Gold Rush placed California on the map in the minds o the States (and indeed world-wide), it remained a remote outpost accessible only by a capacious and expen-sive sea voyage or a long and knockout overland trek, restricting immigration and leaving California an isolated market (Rice, 255). California was fate to grow as an exportdriven economy (a pattern already set up by the hide and tallow industry of Mexican California), and it was the transcontinental railroad which unlocked the rest of the States as a massive market to absorb Californias richness of resources and products. Furthermore, railroads within California also connected previously isolated regions, and chiefly increased land values and individual inco mes (Rice, 276).Oakland is posited by Rice as an archtypical example of urban growth due to railroad con-nectivity, with population growth from around 2000 in 1868 to 35000 in 1880 (277). Growing in more than just population, Oakland became one of the first cities wired for telephones and electricity, and became an industrial and mercantile base as phone line centered around the railroad terminus. Los Angeles provides a similar example of diverse economic growth due to the railroads, particularly in contradistinction to San Diego. Upon securing a railroad connective in 1872 by voting to subsidize Southern Pacifics construction costs, it tripled from its 1870 population of 5,700 by 1876, when the link was actually completed.From the Big Four to the Mass Market Economics Economy EssaysFrom the Big Four to the Mass MarketFrom the 1860s to the 1920s, the economic landscape of California shifted from a industrialist-centered production economy to a mass market consumption economy. Perhaps the best end posts for this transition are the Big Four of the railroad era in the 1860s and the mass spec-ulation in oil, restate, and other industries of the 1920s. In between, the continuous booms of Southern California provided the crucial element of the mass market economy population. These three elements do more than demonstrate three different economic engines which drove Califor-nias growth, however they also provide examples of the corruption and collusion surrounding the generation of vast amounts of money. Moreover, following the public exposure of such cor-ruption, we see in each case the government stepping in to prevent (or at least mitigate) future cor-ruption. This recurrent theme of explosive growth, the attendant corruption, and the regulation which follows is the underlying process behind the evolutionary development of the California economy.GrowthWithout question, the railroad industry was crucial to the ascension of California as an economic powerhouse. While the Gold Rush placed California on the map in the minds o America (and indeed world-wide), it remained a remote outpost accessible only by a long and expen-sive sea voyage or a long and arduous overland trek, restricting immigration and leaving California an isolated market (Rice, 255). California was destined to grow as an exportdriven economy (a pattern already established by the hide and tallow industry of Mexican California), and it was the transcontinental railroad which unlocked the rest of America as a massive market to absorb Californias richness of resources and products. Furthermore, railroads within California also connected previously isolated regions, and generally increased land values and individual incomes (Rice, 276).Oakland is posited by Rice as an archtypical example of urban growth due to railroad con-nectivity, with population growth from around 2000 in 1868 to 35000 in 1880 (277). Growing in more than just population, Oakland became one of the first citi es wired for telephones and electricity, and became an industrial and mercantile base as business centered around the railroad terminus. Los Angeles provides a similar example of diverse economic growth due to the railroads, particularly in contradistinction to San Diego. Upon securing a railroad connection in 1872 by voting to subsidize Southern Pacifics construction costs, it tripled from its 1870 population of 5,700 by 1876, when the link was actually completed.

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