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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New technology led to the rise of monopolies.
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Assembly lines increased the affordability of products.
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Work simplification led to a decrease in hiring.
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Older workers increased the cost of health insurance.
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Detailed explanation-1: -Once mass production was developed and perfected, consumer goods could be made for the broadest possible market. Anything consumers needed or desired could be made in larger quantities. Mass production resulted in lower prices of consumer goods.
Detailed explanation-2: -The Effects of Mass Production While mass production and assembly lines allowed for a boom of economic growth, it also brought a substantial increase in collective and individual prosperity throughout the 1920s. This, however, was brought to a halt at the end of the decade by the Great Depression.
Detailed explanation-3: -The assembly line sped up the manufacturing process dramatically. It allowed factories to churn out products at a remarkable rate, and also managed to reduce labor hours necessary to complete a product-benefiting many workers who used to spend 10 to 12 hours a day in the factory trying to meet quotas.
Detailed explanation-4: -As the assembly line spread through American industry, it brought dramatic productivity gains but also caused skilled workers to be replaced with low-cost unskilled labour.