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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What four factors helped the U.S. industrialize? Choose 4.
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There were a lot of natural resources.
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There were many immigrants coming into the nation to work.
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Population was decreasing so there were no available workers.
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The government encouraged and supported businesses.
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People looked favorably at entrepreneurs/ businessmen.
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Explanation:
Detailed explanation-1: -Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used to produce goods and services.
Detailed explanation-2: -Five factors that spurred industrial growth in the late 1800’s are Abundant natural resources (coal, iron, oil); Abundant labor supply; Railroads; Labor saving technological advances (new patents) and Pro-Business government policies. Several factors led to the rise of U.S. industrialization in the late 1800’s.
Detailed explanation-3: -The four industrial revolutions are coal, gas, electronics and nuclear, and the internet and renewable energy.
There is 1 question to complete.