WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
AMERICAN INDUSTRY DEVELOPMENT IN THE GILDED AGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Emphasis on training classes
|
|
|
Promotion of labor unions
|
|
|
Availability of immigrant workers
|
|
|
Emphasis on cottage industries
|
Detailed explanation-1: -In economics, capital refers to the assets-physical tools, plants, and equipment-that allow for increased work productivity. By increasing productivity through improved capital equipment, more goods can be produced and the standard of living can rise.
Detailed explanation-2: -1. Is the building and growing of industries within an economy by using new technologies which make jobs easier, faster, and better and lead to an increase in a business’ output and an increase in profits.
Detailed explanation-3: -Additional or improved capital goods is intended to increase labor productivity by making companies more productive and efficient. Newer equipment or factories leads to more products being produced, and at a faster rate.