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- After U.S.A attained independence in 1781 many people migrated into the country from Western Europe. The migrants provided labour for the exploitation of natural resources which led to the foundation for industrial development in the country.
- In addition, the new migrants offered a ready domestic market for the locally manufactured goods and services
- The country in addition had a wide range of industrial minerals such as copper, iron, coal and oil in addition to forestry resources which helped to boost industrial development in the country.
- Availability of good road and railway network which were instrumental in the transportation of the raw materials to the industries and distribution of finished products to the market.
- Moreover, president Theodore Roosevelt who took over in 1901 introduced “conservation Laws” which helped to prevent careless exploitation of natural resources. This, to some extent helped to increase the pace of industrialization in the country.
- During the reign of President Woodrow Wilson (1913) new reforms (New freedom) were introduced in the country. The reforms, allowed ordinary people to participate in the business thus stimulating the growth of industries. Moreover the new reforms gave farmers an opportunity to borrow money from banks which helped to modernise agriculture. This helped to boost agro-based industries in addition to providing food for the urban industrial workers.
- Additionally, the American unity and long period of political stability due to strong leadership helped the growth of industries.
- The country’s policy of isolation and neutrality in world affairs especially during the first and the second world wars enabled the country to have an earlier and undisrupted industrial take off.
- Further, the country witnessed a wide range of scientific and technological inventions, which were a further boost to the country’s industrial development.
- Additionally, the emergence of the cold war after the second world war led to military and technological competition between U.S.A and USSR. This forced U.S.A to intensify her technological developments which was a further boost to industrial development.
Gregorymasila1 answered the question on March 2, 2018 at 21:00
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