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 military threat posed by European alliances
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a rapidly rising national debt
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sectional disagreements relating to nullification & secession
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the changes accompanying a shift from an agricultural economy to an industrial economy
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Detailed explanation-1: -Which factor most influenced the growth of the United States economy between 1865 and 1900? Governmental policy of laissez faire.
Detailed explanation-2: -Labor unions benefit their members by negotiating better pay, benefits, and working conditions. Critics of labor unions maintain that union contracts make it more difficult for a company to fire unproductive employees, and that they increase long-term costs which decreases competitiveness.
Detailed explanation-3: -"Robber baron” is a term used frequently in the 19th century during America’s Gilded Age to describe successful industrialists whose business practices were often considered ruthless or unethical. Included in the list of so-called robber barons are Andrew Carnegie, Cornelius Vanderbilt, and John D. Rockefeller.
Detailed explanation-4: -The economy grew more quickly during the Gilded Age than at any other time in US history. Two factors that caused this growth were: a great increase in steel production and an increase in the value of manufactured goods.