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How did the huge industrial trusts develop in industries such as steel and oil and what was their effect on the economy?
Huge industrial trusts developed in industries such as steel and oil because leaders of these industries, such as Carnegie and Rockefeller, more less or bought off the competition. What effect this ultimately had on the economy is a debated topic, however it was mainly positive, at least in the short term.
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What effect did the freeing of all slaves have on the agricultural economy of Texas and the South?
There were no workers and the economy was in ruins
How did the civil war effect industries in the north?
it effected it by getting what they wanted. slavery to end.
What was the effect of the building of railroads in virginia after the civil war?
businesses, farms, and industries were able to expand
What effect did the Bessemer process have on the US?
The Bessemer process revolutionized steel production in the United States by significantly lowering the cost and increasing the efficiency of steel manufacturing. This innovation facilitated the mass production of steel, which in turn spurred rapid industrialization and infrastructure development, including railroads, skyscrapers, and bridges. As a result, the U.S. economy experienced substantial growth, leading to enhanced urbanization and the emergence of new industries. Overall, the Bessemer process played a crucial role in transforming the U.S. into a leading industrial power.
What effect did the Eyjafjallajokull eruption have on the US?
The closure of eurpean airspace has had a significant effect on the US economy through loss of tourist and freight airline revenues.
How did the huge industrial trust develope in industries such as steel and oil and what was their effect on the economy?
Huge industrial trusts developed in industries such as steel and oil because leaders of these industries, such as Carnegie and Rockefeller, more less or bought off the competition. What effect this ultimately had on the economy is a debated topic, however it was mainly positive, at least in the short term.
What is a sentence for industries?
The industrial revolution changed the world overnight.An unfortunate side effect of the industrial revolution was the rise of capitalism.
What effect does the global economy have on industrial electrician?
ewn kolang dong o day
What is the effect continuous industrial have on a country?
When there is continuous industrial action sometimes the country can go on a standstill, in which the economy doesn't grow for that period
What industries of sectors of the economy will business cycle fluctuations likely have the greatest effect on output?
capital goods
How did a high terrif effect the economy?
Factories and industries could make more money for their goods ~ apex
What effect did the industrial revolution have on us economy?
The Industrial Revolution significantly transformed the U.S. economy by shifting it from an agrarian-based system to an industrial and manufacturing powerhouse. It spurred urbanization as people moved to cities for factory jobs, leading to increased productivity and economic growth. The rise of new technologies and industries also fostered innovation and created a consumer culture, ultimately laying the foundation for modern capitalism in the United States. This period marked a pivotal change in labor dynamics, social structures, and economic practices that continue to influence the economy today.
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 was the positive impact of Industrial Revolution?
It created Jobs and improved the economy, the negative effect was the population increased.
Explain how the workplace issue of downsizing is related to the global economy?
As the baby-boom generation start to retire, there will be fewer experienced workers to work for the industries. This will then cause the industries to search for people with appropriate skills needed for the jobs. If the industries don't find the workers in time, there will be an effect on the business. This effect is, the people won't get what they need from the industry causing the industry to lose its business.
How is the workplace issue of downsizing is related to the global economy?
As the baby-boom generation start to retire, there will be fewer experienced workers to work for the industries. This will then cause the industries to search for people with appropriate skills needed for the jobs. If the industries don't find the workers in time, there will be an effect on the business. This effect is, the people won't get what they need from the industry causing the industry to lose its business.
What was an effect for waterwheel?
One effect of the waterwheel was the increased mechanization of different industries such as milling, mining, and textile production. This led to greater efficiency in production processes and helped drive economic growth during the Industrial Revolution.
