WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
AMERICAN INDUSTRY DEVELOPMENT IN THE GILDED AGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the growth of big business
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involvement in foreign wars
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the acquisition of foreign territories
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increased temperance regulations
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Detailed explanation-1: -Gilded Age (1878-1889) The growth of industry and a wave of immigrants marked this period in American history. The production of iron and steel rose dramatically and western resources like lumber, gold, and silver increased the demand for improved transportation.
Detailed explanation-2: -It was during the Gilded Age that Congress passed the Sherman Anti-Trust Act to break up monopolistic business combinations, and the Interstate Commerce Act, to regulate railroad rates. State governments created commissions to regulate utilities and laws regulating work conditions.
Detailed explanation-3: -Economic Issues of the Gilded Age. The industrialization of the United States brought economic growth to the country like never before. The economy moved from agrarian to industrial; consumer goods were mass-produced and readily available.
Detailed explanation-4: -ECONOMIC PERFORMANCE HISTORY. The Gilded Age witnessed the creation of a modern industrial economy with a national transportation and communication network. In addition, the corporation became the dominant form of business organization and a managerial revolution transformed business operations.