Monday, September 14, 2009
Three major factors that contributed to the immense technological boom after the Civil War included wealth and natural resources, government support of business, and a growing urban population that provided new job markets and cheaper labor. Wealth and natural resources helped to contribute to this boom because the U.S. had a massive supply of untapped natural resources and potential wealth that if used could and did bring the U.S. a lot of money and a lot of products to trade with other countries and thus helped the economy. Government support of business also contributed to economic growth because the government would invest in businesses just starting out which would allow these businesses to grow substantially and a large number of businesses in the U.S. would stabalize the economy and allow for many new jobs.
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