The Effects of Industrialization on U.S. Economy and Society. The rise of industrialization during the 1900s brought many changes to the American economy and society. Urbanization (mainly due to immigration), new technologies, the rise of big business through industrial trusts, and the rise of laissez-faire capitalism are among the most significant of these changes.
Cato Institute. For other uses, see Cato (disambiguation). The Cato Institute is an American libertarian think tank headquartered in Washington, D.C. It was founded as the Charles Koch Foundation in 1974 by Ed Crane, Murray Rothbard, and Charles Koch, chairman of the board and chief executive officer of the conglomerate Koch Industries. In July 1976, the name was changed to the Cato Institute.
At the suggestion of Rothbard, the institute changed its name in 1976 to Cato Institute after Cato's Letters, a series of British essays penned in the early 18th century by John Trenchard and Thomas Gordon.ince 2002, the Cato Institute has awarded the Milton Friedman Prize for Advancing Liberty every two years to an individual who has made a significant contribution to advancing human freedom.. The prize comes with a cash award of US$250,000.