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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Labor unions were created to help protect workers
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Monopolies and trust gave industry leaders more control
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Arbitrations made a lot of of industry leaders wealthy
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Advancements in advertising and transportation
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Specialization left owners with more time to invest in other businesses
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Detailed explanation-1: -Answer and Explanation: When we boil it down, we can attribute the transformation of American industry in the Gilded Age to three interconnected factors: new business practices, new technology, and the building of railroads.
Detailed explanation-2: -Steel and oil were in great demand. All this industry produced a lot of wealth for a number of businessmen like John D. Rockefeller (in oil) and Andrew Carnegie (in steel), known as robber barons (people who got rich through ruthless business deals).
Detailed explanation-3: -Railroads completely transformed the United States socially, politically, and economically during the Gilded Age. Literally the engine of the new industrialized economy, they facilitated the speedy transportation of raw materials and finished goods from coast to coast.