The Political Economy of American Industrialization, 1877-1900

Book excerpt: In the last decades of the nineteenth century, the United States underwent an extremely rapid industrial expansion that moved the nation into the front ranks of the world economy. At the same time, the nation maintained democratic institutions as the primary means of allocating political offices and power. As the combination of robust democratic institutions and rapid industrialization is rarely found in world history, this book explains how economic development and democracy coexisted in the United States during industrialization.