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The Industrial Revolution was a period of major industrialization and innovation that took place during the late 1700s and early 1800s. The Industrial Revolution began in Great Britain and quickly spread throughout the world. The American Industrial Revolution commonly referred to as the second Industrial Revolution, started sometime between 1820 and 1870. This period saw the mechanization of agriculture and textile manufacturing as well as a revolution in power, including steamships and railroads, that affected social, cultural, and economic conditions. Although the Industrial Revolution occurred approximately 200 years ago, it is a period that left a profound impact on how people lived and the way businesses operated. Arguably, the factory systems developed during the Industrial Revolution are responsible for the creation of capitalism and the modern cities of today. Before the revolution, most Americans made their living farming and lived in widespread rural communities. With the advance of factories, people began working for companies located in urban areas for the first time. Often the wages were low, and conditions were harsh. However, working for businesses paid a better living than farming.
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The development of credit in the 1920s is a significant contributing factor to the economic boom. The introduction of credit enabled consumers to buy goods they otherwise would not have been able to afford and therefore meant more sales for companies fuelling the boom
Although the answer to this question will vary depending on your personal opinion, I would argue that this is not the case. I do not think that the use and abuse of the informal powers have created an imperial presidency.
The informal powers of the President are not especifically written out in the Constitution. Nevertheless, they are required to be used under certain specific circumstances. These are not meant to be used regularly, and they include the ability to enact a legislative agenda, executive orders, sending troops without a declaration of war and conducting certain foreign policy initiatives.
These informal powers, even in the present, are used only on very specific circumstances. Most of the time, the president only employs the powers that are given to him especifically by the Constitution. Therefore, informal powers still represent only a small part of the role of the president and of national legislation.
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Loss of Republican Party discipline, the Panic of 1819, the Supreme Court case of McCulloch v. Maryland , and the Missouri Crisis of 1820 all contributed to the decline in the political consensus—leading to the end of the “Era of Good Feelings.”
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