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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An abundant supply of natural resources
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An abundant supply of cheap labor
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Widespread use of airplanes for transportation
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Few government regulations on industry
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Detailed explanation-1: -Industrialization began in 1877 and ended in 1900 the United States (U.S.). To have Industrialization, you must have these four things: natural resources, transportation, urbanization, and technology.
Detailed explanation-2: -The U.S. economy grew rapidly after the Civil War, fueled by an astounding rise in wealth, wages, production, and corporate mergers, along with limited government regulation. The volume of stocks traded rose sharply with corporations’ need for investment capital and the development of new technologies.
Detailed explanation-3: -The rise of the United States as an industrial power began after the Civil War. Many factors promoted industry, including cheap labor, new inventions and technology, and plentiful raw materials.