17 - 5. Great Depression (1873-1896) a. Depression in...

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10/17 After 1850 Economics 1. Pattern of inustrialization a. Textiles b. Then iron c. Railways are crucial to provide the demand for coal and iron 2. Second Industrial Revolution a. Steel b. 1860s i. chemicals ii. pharmaceuticals iii. armament 3. Significant Rise in the Standard of Living from 1850-1896 4. Development of Factory Based
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Unformatted text preview: 5. Great Depression (1873-1896) a. Depression in agriculture b. Tariffs c. Rents go down, prices down, profit gone d. Restructure agriculture to veg., fruits, dairy away from grain e. Industry hurt f. Unemployment becomes an idea...
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