WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
SECOND INDUSTRIAL REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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They were unstable in structure and failed in the long run.
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They gained wealth that raised them to a new level of prominence.
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They emerged as powerful players in industry for the first time.
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None of the above
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Detailed explanation-1: -The Industrial Revolution shifted from an agrarian economy to a manufacturing economy where products were no longer made solely by hand but by machines. This led to increased production and efficiency, lower prices, more goods, improved wages, and migration from rural areas to urban areas.
Detailed explanation-2: -While the First Industrial Revolution caused the growth of industries, such as coal, iron, railroads and textiles, the Second Industrial Revolution witnessed the expansion of electricity, petroleum and steel.
Detailed explanation-3: -The main causes of the second industrial revolution were due to: natural resources, abundant labor supply, strong government policy, new sources of power, railroads and American inventors and inventions.
Detailed explanation-4: -Big business grew in the late nineteenth century when new sources of power such as the steam engine, coal, and electricity drove the machines in larger factories that organized production under one roof. Companies could now mass produce standardized goods faster and more efficiently.