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How did the growth of the automobile industry stimulte the growth of the steel industry?
The growth of the automobile industry significantly stimulated the steel industry due to the high demand for steel components in vehicle manufacturing. Automobiles require large quantities of steel for frames, bodies, and various parts, leading to increased production and investment in steel mills. Additionally, the rise of the automobile industry spurred innovations in steel production techniques, enhancing efficiency and output. This symbiotic relationship contributed to the overall economic growth of both industries during the 20th century.
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Growth in what other are was caused by the growth of the automobile industry?
All of the answers are correct.the steel industry, the rubber industry, and the petroleum industryA+ Students :o)
Growth in what other area was caused by growth of the automobile industry?
The automobile increased the need for roads and bridges, and raised the demand for steel and rubber. The use of the automobile spurred the growth of suburbs, which had initially been made possible by trains and subways. A+ all answers are correct
What are examples of derived demand?
automobile and steel industry .
Before the automobile what industry dominated the US economy?
steel
What is the market structure of the steel automobile industry?
That would be an oligopoly.
How did the growth of steel industry affect other industries?
The growth of the steel industry had a positive effect on other major industries. The steel industry strengthened the building and railroad industries.
What dose industry mean?
the aggregate of manufacturing or technically productive enterprises in a particular field, often named after its principal product: the automobile industry; the steel industry
What dose industriation?
the aggregate of manufacturing or technically productive enterprises in a particular field, often named after its principal product: the automobile industry; the steel industry
What is least affected by business cycle automobile manufacture food processing oil and gas industry ship building iron and steel industry?
oil and gas
What has the author Victoria Marklew written?
Victoria Marklew has written: 'Cash, crisis, and corporate governance' -- subject(s): Automobile industry and trade, British Steel Corporation, Finance, Industrial policy, Steel industry and trade
Which captain of industry is most associated with the growth of America's steel industry during the 19 century?
Andrew Carnegie.
Which captain of industry is most associated with the growth of America's steel industry during the 19th century?
Andrew Carnegie
