USA HISTORY

WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900

IMMIGRATION IN INDUSTRIAL AMERICA

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How did American industrial leaders accumulate wealth during the late 1800s?
A
by inventing new technology
B
by developing new farming techniques
C
by using mainly slave or forced labor
D
by creating monopolies and establishing trusts
Explanation: 

Detailed explanation-1: -By creating monopolies and establishing trusts, industrial leaders of the late 1800s were able to accumulate vast amounts of wealth.

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: -Robber Barons These men used union busting, fraud, intimidation, violence and their extensive political connections to gain an advantage over any competitors. Robber barons were relentless in their efforts to amass wealth while exploiting workers and ignoring standard business rules-and in many cases, the law itself.

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