Question

Describe the factors that combined to make the United States a mature industrial society after the Civil War.

Which of the following factors contributed to explosive economic growth during the Gilded Age?

a. lack of capital for investment.

b. a tight labor market.

c. abundant natural resources.

d. high tariffs.

e. bank loans to railroads.

ANS: C TOP: Economic Development | The Second Industrial Revolution DIF: Difficult REF: Full pp. 591592 | Seagull p. 605 MSC: Understanding

OBJ: 1. Describe the factors that combined to make the United States a mature industrial society after the Civil War.

Answer

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