Between 1820 and 1840 there was a huge growth in immigration. With higher population the demand of homes, jobs and basic necessities also grew causing an out demand of these supplies, making these people to go homeless.
The jobs available for this (pronounced) amount of people paid very small salaries, making the people to become poor. The year 1843 came with the birth of the New York Association for Improving the Condition of the Poor, which aimed to help people in these conditions. The Randall’s Island Nursery was very famous. It provided the children with food, water and where to live. These children were mainly orphaned and abandoned by parents who couldn’t afford to provide their children with a better life. The homeless also were assisted by social programs such as asylums. Charles Loring Brace was of huge importance in this and in the creation of the Children’s Aid Society. In the 1870’s a pronounced economic depression hugely affected the society (with the most vulnerable facing the worst part) causing the people to lost homes and jobs. Many families were assisted by the Association for Improving the Condition of the Poor in the years 1873 and 1874.
The second half of 1800, however, was also a period of expansion, population growth and economic prosperity for many. Industrialization and unrestrained capitalism were key factors for American Society’s development. Private Capital and investment shaped economic growth (the low government restrictions were very important for this) and big industries, banks, and corporations were built. Investors such as John D. Rockefeller (oil), John Jacob Astor (real estate) and J.P Morgan (banking) were key figures of growth in stock market.
