WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
SECOND INDUSTRIAL REVOLUTION
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Question
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Development of Socialism
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Created an industrial middle class.
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Partnerships and corporations became more frequent.
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Society decided to own their mass production.
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None of the above
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Explanation:
Detailed explanation-1: -Socialism is, broadly speaking, a political and economic system in which property and the means of production are owned in common, typically controlled by the state or government.
Detailed explanation-2: -In socialist economies, important economic decisions are not left to the markets or decided by self-interested individuals. Instead, the government-which owns or controls much of the economy’s resources-decides the whats, whens, and hows of production. This approach is also referred to as central planning.
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