Special Report on
The Last Factory in America
The Last Factory in America - Trends
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The U.S. economy changed dramatically during the late nineteenth and early twentieth centuries, as the country transformed from a rural agricultural nation to an urban industrial giant, the leading manufacturing country in the world. A number of important trends and developments characterized this tumultuous period. 1. The Creation of a National Market The early American economy was characterized by smaller, local markets, centered around big cities. The vast expansion of the railroads in the late 1800s changed this, tying the country together into one national market, in which goods could be shipped for sale across the ...
It is now time for the President and the Congress to turn to international trade. That should be the next big push. The area has been neglected on Capital Hill since 1994. It is hard to imagine why Americans have put up with it for so long. The benefits of trade have been superseded by the downsides. Unfair trade hurts the many Americans who have lost their jobs, the U.S. companies that have gone out of business, and the communities across this country that now look like ghost towns. But it also hurts those multinationals and export-oriented companies, many in the high technology and ... Read More
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