HISTORY
THE INDUSTRIAL REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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They refined systems of production.
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They exported many goods around the world.
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They helped industrialize much of Eastern Europe.
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They innovated new consumer goods.
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Detailed explanation-1: -The increased production and efficiency of factories led to the development of large corporations that often controlled entire industries. This concentration of power often led to monopolies, which limited competition and often resulted in higher prices for consumers.
Detailed explanation-2: -Conclusion. The Second Industrial Revolution fueled the Gilded Age, a period of great extremes: great wealth and widespread poverty, great expansion and deep depression, new opportunities, and greater standardization.
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: -Two major advances in the factory system occurred in the early 20th century with the introduction of management science and the assembly line.