An Outline of the Development of the Internal Commerce of the United States 178

Cover An Outline of the Development of the Internal Commerce of the United States 178
An Outline of the Development of the Internal Commerce of the United States 178
Van Metre Thurman William
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However, the tremendous possibilities of the country were only beginning to be realized in 1860, and remarkable as was development before that year, it was com- pletely eclipsed by the amazing progress made during the latter part of the century. An abundance of unoccupied land, of rich and varied natural resources, favorable climatic conditions, a complete absence of checks on individual initiative and enterprise and of restrictions on internal communication and trade, and the encouragement aff...orded to industry by the liberal policies of the federal government all com- bined to create economic opportunities of boundless scope. Labor, capital and transportation facilities alone were needed and as these increased the wealth production of the United States multiplied with astonishing rapidity. The extension of the railway system permitted the constant growth of agriculture and rendered accessible the mineral and forest products in which the land abounded; cheap and plentiful raw materials from field, mine and forest, made possible a phenomenal increase of manufacturing.

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