HISTORY
THE 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 Second Industrial Revolution was a period when advances in steel production, electricity and petroleum caused a series of innovations that changed society. With the production of cost effective steel, railroads were expanded and more industrial machines were built.
Detailed explanation-2: -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.
Detailed explanation-3: -Rapid advances in the creation of steel, chemicals and electricity helped fuel production, including mass-produced consumer goods and weapons. It became far easier to get around on trains, automobiles and bicycles. At the same time, ideas and news spread via newspapers, the radio and telegraph.
Detailed explanation-4: -However the rapid industrial development was a blessing to emerging Titans of big industries such as Andrew Carnegie, John D. Rockefeller, Cornelius Vanderbilt. These were the most notable figures of the rise of industrial capitalism and they were also known as Robber Barons.