USA HISTORY

Detailed explanation-1: -In general, in manufacturing there was a rapid rate of growth of productivity during the twenties. The rise of real wages due to immigration restrictions and the slower growth of the resident population spurred this. Transportation improvements and communications advances were also responsible.

Detailed explanation-2: -When barriers to trade like tariffs and quotas are lifted, the pace of globalization is accelerated because businesses see an opportunity to make more profit, so they build more factories where labor is inexpensive and more stores where people are wealthy enough to purchase their goods.

Detailed explanation-3: -THE INTEGRATION OF THE GLOBAL MARKET STARTED WHEN BIG AMERICAN CORPORATIONS BEGAN TO EMERGE AFTER THE SECOND WORLD WAR WITH THE RISE OF NEW CONGLOMERATES. INTERNATIONAL TELEPHONE AND TELEGRAPH BOUGHT AVIS RENT-A-CAR, CONTINENTAL BANKING, SHERATON HOTELS, AND HARTFORD FIRE INSURANCE (AMERICAN HISTORY, 2018).

Detailed explanation-4: -Although there are many effects of globalization, we focused on three main effects. They are the labor force, the emergence of multi-national corporations, and the merging of new businesses with the U.S. economy.