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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Laissez faire economics
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New production techniques
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Labor unions
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The need for a new building material
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Detailed explanation-1: -The growth of the railroads after the Civil War led to the growth of the steel industry because the iron rails wore out quickly and steel rails were stronger and didn’t rust as much as iron.
Detailed explanation-2: -Strong technological foundation was the primary driving force behind the tremendous growth in the steel industry. Steel supply was crucial for rapid expansion of cities and urban infrastructure.
Detailed explanation-3: -Switching to steel thus positively transformed the transport sector, due to their greater strength and durability and ability to handle the increasingly heavy and faster cars and engines. This led to the mushrooming of many other manufacturing activities dependent on steel and/or transportation.
Detailed explanation-4: -The growth in the Indian steel sector has been driven by the domestic availability of raw materials such as iron ore and cost-effective labour.