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what industries produced great profits and wealth in the late 1800
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What industries produced great profits and wealth in the late 1800?
what industries produced great profits and wealth in the late 1800
What industries produced great profits and wealth in the late 1800's What does this reveal about the U.S. at that time?
In the late 1800s, industries such as steel, oil, railroads, and textiles generated significant profits and wealth, largely driven by the Industrial Revolution and rapid urbanization. The rise of tycoons like Andrew Carnegie in steel and John D. Rockefeller in oil exemplified the era's focus on industrial expansion and capitalism. This economic boom indicated a shift toward a more industrialized and modern economy, highlighting both the opportunities for wealth creation and the growing disparities between the rich and poor in American society. Overall, it reveals a nation in transition, embracing innovation while grappling with the social consequences of rapid industrial growth.
Role of marketing in automobile ancillary industries?
The role of marketing in the automobile ancillary industries is to market the automobiles. A good marketing campaign will lead to great sales and greater profits.
What two industries created the great wealth that drove the forces of industrialization?
It was aluminum and plastic
What are major accomplishments of Alaska?
It has produced great wealth from gold, oil, seafood and tourism. Seward's Folly was a great buy.
How did the British effort to regain their market for manufactured goods affect Americas industries?
Many struggling American industries went bankrupt.American textile industries increased profits. Trade with Great Britain increased dramatically.
What kinds of products are produced by Eagle Industries?
Eagle Industries is the leader in producing tactical gear for the military. This includes hydration packs, chest rigs, holsters, and harnesses. The harnesses are available at great prices, and will hold guns.
How did lack of diversification effect the economy during the Great Depression?
Only a few basic industries in America in the 1920s controlled the wealth. This lack of diversification contributed to the decline of the economy because when these industries weakened and sales fell tremendously, there were not yet other industries that were advanced and developed enough to counteract the damages made by the decline of these industries like construction and automobile sales.
What is a sentence for wealth?
wealth is great amount of money.
Why did non Italian europeans seek new trade routes to Asia?
Italian murchants made huge profits by trading Asian goods. Italians used military strength to control the trade on the mediterranean and didn't allow other Europeans to take part in it. Merchants and other Europeans envied the profits made by Italian merchants, and found new routs to Asia. Sources: Creating America book and My Great Brain ;)
What impact do you think the idea of a city of great wealth in Africa might have on Europeans?
I think that Europeans would be thrilled to be able to do business with a city of great wealth in Africa. Great wealth creates great economic opportunities.
how does the overproduction relate to the great depression?
Overproduction during the 1920s contributed to the Great Depression by creating an imbalance between supply and demand. As industries produced more goods than consumers could purchase, prices fell, leading to reduced profits for businesses. This prompted layoffs and decreased wages, further diminishing consumer purchasing power and exacerbating the economic downturn. Ultimately, the cycle of overproduction and declining demand played a significant role in triggering the widespread economic collapse of the Great Depression.
