Tuesday, December 11, 2012

Rise of Industry and Monopolies

What were the three main causes of industrial growth in America?
The three main causes for industrial growth in America were 
caused by the Government who supported the business, a 
growing urban population which meant cheap labor lots of workers
and a market for new products because there were more people.
The last thing was there was a wealth of natural resources in America.

Trusts and Monopolies during Americas early industrial age created
a society where workers had to work very hard for little pay. there
was hardly any competition sense one company would own almost
all the if not all the companies of the same type. this meant you had to pay
whatever price they would set for there supplies and no way to get
them cheaper like oil. this was not good for the people of the U.S.


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