How did the industrialization the rise of big business and the advent of modern corporation affect living standards and opportunity for the Upper strata of society?

Answer 1

Industrialization and the rise of big business significantly boosted living standards and opportunities for the upper strata of society by creating immense wealth through increased productivity and economic growth. This era allowed affluent individuals to invest in new technologies and industries, leading to greater financial returns. Additionally, the advent of modern corporations facilitated the accumulation of capital and resources, enabling the upper class to expand their influence and secure a higher standard of living. However, these developments often came at the expense of lower social classes, highlighting a growing economic divide.