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Analyze how each of the following factors contributed to the rapid economic growth of the Gilded Age. In your response, include references to specific people who were instrumental in implementing each factor.

New technologies
New business organization
New marketing and retailing forms


Sagot :

Answer:

The Gilded Age

Explanation:

Technologies were developing rapidly, which led to the rapid economic growth with the transportation and manufacturing industries. During the Gilded Age, there was a large amount of capital floating in society among wealthy people. More immigrants began to settle in cities to work in factories.

The significant industries were steel, oil, banking, railroad, timber, sugar, liquor, meatpacking, mining, tobacco, and textile industries. Some of the entrepreneurs were Andrew Carnegie, John D. Rockefeller and Henry Frick.

The telephone, electricity, and the light bulb were some of the new inventions by Alexander Graham Bell, Thomas Edison, and Nikola Tesla and others.

What was the Gilded Age known for?

The Gilded age refers to the period from end of the American Civil War until the end of the century. Although these decades are known for their rapid economic growth, it is important to note that this growth came only as a result of rampant corruption, and greed.

New technologies

The Gilded Age was the time in which technological innovation drove wonderful new industrial products that improved individual live, while at same time creating great wealth and accompanying economic inequality. Technologies were develop rapidly, which leds to rapid economical growth in the transportation and manufacturing industries. During the Gilded Age

New business organization

A business organization left to monitoring its adherence to legal, ethical, or safety standard on its own, run the risk of unmonitored and unfettered damage to the economy. The significant industries were steel, timber, sugar, liquor, meatpacking, mining, tobacco, oil, banking, railroad, and textile industries. Some of the entrepreneurs were Andrew Carnegie, Henry Frick and John D. Rockefeller.

New marketing and retailing forms

The telephones, electricity, and the light bulb were some of the new inventions by Alexander Thomas Edison, Nikola Tesla, Graham Bell, and others.

Learn more about the Gilded Age here https://brainly.com/question/24567844

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