SOC 303 Lecture Notes - Lecture 3: Deindustrialization, Wealth Concentration, Progressive Tax

• School: University of Miami
• Department: Sociology
• Course: SOC 303
• Professor: Wilson George

Document Summary

There has been a revolution in the united states in our economic. - people who stand out as innovators that transformed our society. Industrial revolution- us went from a largely agricultural society to a more. John d. rockefeller: oil, needed from a manufacturing based society. We became a leading economic power through a manufacturing based infrastructure, which started around 1970 and has been gaining more momentum. Deindustrialization- the revolution is a transformation from a traditional manufacturing to service sector based society industrial economy. Industrialization caught on in us and it grew faster and bigger than ever before. Rise of great cities were transformed, economics, us became a leading economic power through a manufacturing based economy primarily in northeast and. A manufacturing economy created an opportunity structure and many middle class jobs. Internal labor market (career ladder) allowed people to start low and move up systematically and achieve the great american dream.