US Economic History: From Civil War to the New Deal
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The United States: From Civil War to Economic Powerhouse
The Civil War's Impact on the US Economy
The United States began its industrialization later than some European nations. The process was initially slow until the advent of the Civil War. This war resulted in a strong acceleration of industrial growth, ultimately leading the US to become the world's leading power. The principal drawback for European populations was that the industrialization process in the US was initially concentrated in the East and needed to extend throughout the entire country.
The US had several advantages:
- Vast, untouched lands.
- Most of the population was of European origin, unlike Asian industries. The European population that had not been absorbed by European industries