UNIT 2.docx - HIST1025 UNIT2 WRITINGASSIGNMENT( 1...

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Today's Technician: Automotive Electricity and Electronics
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Chapter 11 / Exercise 8
Today's Technician: Automotive Electricity and Electronics
Hollembeak
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HIST 1025 UNIT 2 INDUSTRIALIZING AMERICA WRITING ASSIGNMENT (To be submitted for evaluation) 1. Industrialization transformed American life in the late 19th century as  nothing had before. What was the overall character of this industrial  change?  Focusing on the careers and companies of Andrew Carnegie and  John D. Rockefeller , discuss how big business emerged and altered the old  republic of small businesses and small farmers. To what degree was this a  revolution and the creation of a new economic order in the United States?  How did workers and government respond? What was life like in the age  of the new industrial city?
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Today's Technician: Automotive Electricity and Electronics
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Chapter 11 / Exercise 8
Today's Technician: Automotive Electricity and Electronics
Hollembeak
Expert Verified
(2)   the   rapid   spread   of   technological   innovation   in   transportation, communication, and factory systems; (3) the demand for workers who could be carefully controlled; (4) the constant pressure on firms to compete tooth-and- nail by cutting costs and prices, eliminating rivals, and creating monopolies; (5) the relentless drop in prices; and (6) the failure of the money supply to keep pace with productivity, a development that drove up interest rates and restricted the availability of credit. And all six factors were closely related to each other: The coal deposits provided cheap energy to fuel railroad and factory growth, the rapid growth of new technologies stimulated productivity and industrial

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