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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Carnegie-Steel
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Morgan-Banking
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Rockefeller-Mining
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Vanderbilt-Railroads
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Detailed explanation-1: -In the decades following the Civil War, the United States emerged as an industrial giant. Old industries expanded and many new ones, including petroleum refining, steel manufacturing, and electrical power, emerged.
Detailed explanation-2: -Answer and Explanation: Although several companies held monopolies during the Gilded Age, one of the largest was John D. Rockefeller’s Standard Oil Company.
Detailed explanation-3: -Robber Barons They soon accumulated vast amounts of money and dominated every major industry including the railroad, oil, banking, timber, sugar, liquor, meatpacking, steel, mining, tobacco and textile industries.
Detailed explanation-4: -Industrialization, along with great strides in transportation, drove the growth of U.S. cities and a rapidly expanding market economy. It also shaped the development of a large working class in U.S. society, leading eventually to labor struggles and strikes led by working men and women.