INDUSTRIAL REVOLUTION
PRE INDUSTRIAL EUROPE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
by buying smaller companies or driving them out of business
|
|
|
by creating partnerships with national banks
|
|
|
by establishing multinational corporations throughout the globe
|
|
|
by lobbying national governments for favorable legislation
|
Detailed explanation-1: -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-2: -Five factors that spurred industrial growth in the late 1800’s are Abundant natural resources (coal, iron, oil); Abundant labor supply; Railroads; Labor saving technological advances (new patents) and Pro-Business government policies. Several factors led to the rise of U.S. industrialization in the late 1800’s.
Detailed explanation-3: -Railroads were the basis of the nation’s industrial economy in the late 1800s, creating new markets, carrying billions of tons of freight to every corner of the country, and opening up the West for development.
Detailed explanation-4: -Expert-Verified Answer. Industrialization in the early 1800s led to a shift towards using machines and equipment instead of manual work. This increased production on a huge scale and resulted in the creation of interchangeable parts of machines and tools as it helped in mass operations.