THE VIRGINIA DYNASTY 1801 1825
AMERICAN INDUSTRIALIZATION FACTORY SYSTEM AND MARKET REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Unionism
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Control Market
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Socialism
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Social Darwinism
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Detailed explanation-1: -Which of the following best explains the impact of railroads during the Industrial Revolution? Railroads increased the need for coal, steel, and steam engine production.
Detailed explanation-2: -Many factors promoted industry, including cheap labor, new inventions and technology, and plentiful raw materials. Railroads rapidly expanded. Government policies encouraged growth, and large corporations became an important part of the economy.
Detailed explanation-3: -Andrew Carnegie (1835-1919) was one of the most successful businessmen and most recognized philanthropists in history. His entrepreneurial ventures in America’s steel industry earned him millions and he, in turn, made great contributions to social causes such as public libraries, education and international peace.
Detailed explanation-4: -Five factors that spurred industrial growth in the late 1800’s are Abundant natural resources (coal, iron, oil); Abundant labor supply; Railroads; Labor saving technological advances (new patents) and Pro-Business government policies. Several factors led to the rise of U.S. industrialization in the late 1800’s.