Ch 15 Industrial Revolution
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During the late 19th century, several influential industrialists dominated major industries in the United States and accumulated vast wealth, including Andrew Carnegie in steel, Cornelius Vanderbilt in railroads, and John D. Rockefeller in oil. These entrepreneurs helped drive technological innovations and economic growth through tactics like vertical and horizontal integration. Their successes also spurred debates around monopolies, wealth inequality, and corporate power.
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The Industrial Revolution began in Great Britain after 1700 and transformed the agricultural, manufacturing, and transportation industries. New inventions like the spinning jenny and steam engine allowed factories to mass produce goods. This led to rapid urbanization as people moved to cities for work. While factory jobs provided income, working conditions were often difficult, with long hours, low pay, and child labor common. The Industrial Revolution ultimately changed Britain from a rural, agricultural society to an urban, industrial powerhouse and had widespread global impacts.
Similar to Ch 15 Industrial Revolution (20)
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Ch 15 Industrial Revolution
- 1. Industry’s Golden Age GO BIG OR GO HOME