Dec 25, 2009

Main Street | Historical Context

The Rise of the Middle Class
The American middle class, a category that most citizens fall into today, developed during the period marked by the end of the Civil War in 1865 and the start of World War I in 1914. During that time, the development of industry and the westward expansion across the North American continent provided opportunities for wealth on scales previously unheard of. Key industries, such as steel, petroleum, banking, and railroads, were controlled by a few individuals who established monopolies, fixing prices and making deals with their suppliers to run...