WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
IMMIGRATION IN INDUSTRIAL AMERICA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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essential to protect the rights of consumers
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necessary to provide jobs for the unemployed
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useful in competing with foreign nations
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harmful to American economic growth
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Detailed explanation-1: -In the late 19th century, the control and direction of large areas of industry came into the hands of financiers. This period has been defined as “ finance capitalism, ” characterized by the subordination of process of production to the accumulation of money profits in a financial system.
Detailed explanation-2: -From the French for “let them do [what they will], ” proponents of laissez-faire policies, known as liberals, believed that the free market would naturally produce the best and most efficient solutions to economic and social problems.
Detailed explanation-3: -What impact did the U.S. governmental policies have on business in industry during the late 1800s? The U.S. government had little or no influence on business and industry. What was an effect of the rapid industrialization of the U.S. in the last half of the 19th century?
Detailed explanation-4: -Some of the drawbacks included air and water pollution and soil contamination that resulted in a significant deterioration of quality of life and life expectancy. Industrialization also exacerbated the separation of labor and capital.