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How did industrial leaders accumulated wealth during the late 1800s?
During the late 1800s, American industrialists got wealthy by creating monopolies and setting up trusts. The effectively kept all the wealth in the hands of a very small number of people because there was no competition.
What was the name given to the riches leaders of industry in the late 1800s?
During the late 1800s, American industrialists got wealthy by creating monopolies and setting up trusts. The effectively kept all the wealth in the hands of a very small number of people because there was no competition.
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.
Where was the Gospel of Wealth by Andrew Carnegie published?
It was published in the North American Review in 1889.
Accordimg to historians substantial wealth became concentrated in the hands of fewer people during the late 1800s Which of the following is poften givin as a cause for this concentration of wealth?
Growth of big business is given as a cause for the concentration of wealth in the 1800s.
How did industrial leaders accumulated wealth during the late 1800s?
During the late 1800s, American industrialists got wealthy by creating monopolies and setting up trusts. The effectively kept all the wealth in the hands of a very small number of people because there was no competition.
How did American industrial leaders accumulate during the late 1800s?
During the late 1800s, American industrialists got wealthy by creating monopolies and setting up trusts. The effectively kept all the wealth in the hands of a very small number of people because there was no competition.
How did American industrial accumulate wealth during the late 1800?
During the late 1800s, American industrialists got wealthy by creating monopolies and setting up trusts. The effectively kept all the wealth in the hands of a very small number of people because there was no competition.
What 3 factors helped make the US grow into an industrial power?
A wealth of natural resources, the onset of the Industrial Revolution in America, and the hard work, and inventiveness of the American people.
What was Gospel of Wealth during the industrial revolution?
The wealthy proclaimed that they were justified by God to have so much wealth. They claimed that God gave them their money or they were a product of natural selection. This idea was boasted by Andrew Carnegie.
What was the name given to the riches leaders of industry in the late 1800s?
During the late 1800s, American industrialists got wealthy by creating monopolies and setting up trusts. The effectively kept all the wealth in the hands of a very small number of people because there was no competition.
How did the industrial growth affect the distribution of wealth in the US?
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Why did the Spanish leaders keep plantations?
They kept plantations to accumulate wealth.
Which was an effect of industrialization in latin American nations during the postwar years?
Industrialization in Latin American nations during the postwar years led to urbanization as people migrated to cities for job opportunities in factories. It also widened the gap between the wealthy elite and the working class due to unequal distribution of wealth. Additionally, it contributed to environmental degradation as natural resources were exploited for industrial growth.
Did the Industrial Revolution increase the power and wealth of factory owners?
yes
How did other countries American colonies differ from Spain?
american colonies envied wealth and power from Spain.Spain had wealth other countries' colonies didnt
What effect of the industrial revolution?
many manufacturers and traders men enjoy wealth
