Equity Investments
Indiana’s government is facing a serious problem after having been elevated to category of government: the complete lack of economic resources . , and the absence of revenue-generating benefits to the state. The only source of government revenue was a small property tax, which was implemented quickly as an emergency measure, and that he found great resistance from the farmers of the State, which barely managed to generate sufficient returns for their self? Because of the isolated location of the region, far from consumer markets, and lack of adequate transport. Indiana’s government would receive economic aid from the federal government during the 1820s, who spent wildly in various programs. The uncontrolled costs had severely indebted to the government of Indiana in just two decades, and many of these programs will never be completed.
In 1818, Indiana acquired its present boundaries, when the United States purchased from Native Americans the center-west region of Indiana, which included the area where he currently is located the city of Indianapolis. In 1819, was permanently installs the first European to the region where currently located Indianapolis, a city that was officially founded in 1821, and who happen to be officially the capital of the state in 1824, thanks to its central location.
Utopian vision of New Harmony (Table 1838).
In 1825, a reformist Scots, Robert Owen, founded New Harmony, planning to create a community, and the start of a new social system, as well as the installation of various rules and coorperacion joint between its inhabitants. New Harmony would be governed by progressive ideas, which were unknown at that time. Although it had some success during its first months, the lack of cooperation among residents caused the end of the experiment, in 1827.
The economic conditions of the state? Difficult until then? began to improve gradually from the 1830s with the construction of navigation channels, connecting the rivers of Indiana with the Great Lakes (until then, agricultural products were transported by the Mississippi River, to New Orleans). The construction of railways in Indiana, from the end of the 1840s, economic growth accelerates in the state, and made to be installed in the state more immigrants and residents of eastern U.S.. The first railroad in Indiana, built between Indianapolis and Madison, was inaugurated in 1847.
During the 1850s, Indiana already had an extensive rail network that connects with the rest of the country, and an agricultural industry consolidated and frank growth. In 1852, the Studebaker Brothers created an industrial plant for manufacturing rail wagons in South Bend. The company’s industrial brothers, the Studebaker, then it would become the largest manufacturer of railway wagons of the country.
In 1861, estallaria the American Civil War. Indiana, whose population was at its most great abolitionist, participate actively on the side of the Union, the United States itself, against the Confederate States of America. The only conflict in Indiana was the Battle of Corydon, in 1863, which took place in Corydon.
After the war, daria an economic recession in the agricultural sector of the state, mainly caused by the low prices of agricultural commodities and high prices of transportation. All of this debt to many farmers, many of whom moved to cities. The agricultural sector would recover only Indiana during the 1890s. However, the creation of the Studebaker and the Civil War had spurred the construction of various industrial establishments, during and after the civil war. In 1886, the discovery of sources of natural gas in Indiana attracted various industrial companies. In 1889, founded the Standard Oil Company which was then one of the largest oil refinery in the world, at Whiting. That same year, Benjamin Harrison, Indianapolis, grandson of William Henry Harrison, would be invested president of the United States. In the late nineteenth century, manufacturing was already by far the largest source of income for Indiana, and about 30% of the state’s population lived in cities.
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