USA HISTORY

WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900

IMMIGRATION IN INDUSTRIAL AMERICA

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What was the principle reason for the rapid economic growth in the United States in the late 1800s?
A
decline in U.S. agriculture
B
development of cheap sources of energy
C
increase of American imports
D
greater spending on defense
Explanation: 

Detailed explanation-1: -The construction of roads, canals, and railways in the 19th century accelerated the rise of the massive United States economy.

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: -Old industries expanded and many new ones, including petroleum refining, steel manufacturing, and electrical power, emerged. Railroads expanded significantly, bringing even remote parts of the country into a national market economy.

Detailed explanation-4: -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. Railroads rapidly expanded.

There is 1 question to complete.