ECONOMICS
ECONOMIC GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the amount of European investment in U.S. industry
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an increase in the number of skilled workers who had a public education
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the invention of interchangeable parts and the development of other mass-production techniques
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an increase in the amount of imported raw materials available for production
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Detailed explanation-1: -Interchangeable parts, popularized in America when Eli Whitney used them to assemble muskets in the first years of the 19th century, allowed relatively unskilled workers to produce large numbers of weapons quickly and at lower cost, and made repair and replacement of parts infinitely easier.
Detailed explanation-2: -The Industrial Revolution shifted from an agrarian economy to a manufacturing economy where products were no longer made solely by hand but by machines. This led to increased production and efficiency, lower prices, more goods, improved wages, and migration from rural areas to urban areas.
Detailed explanation-3: -The rise of the United States as an industrial power began after the Civil War. Many factors promoted industry, including cheap labor, new inventions and technology, and plentiful raw materials.
Detailed explanation-4: -1 Answer. The method of manufacturing that made mass production in the USA possible was the implementation of interchangeable assembly parts leading up to the moving assembly line for large scale production.