PLEASE HELP ME IM STUCK: 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
Answers
Answer:
Technology transformed the United States during the Gilded Age in many ways. First, it allowed for businesses to find new ways to do old tasks and do them more efficiently. It also developed communication and transportation, making it easier for businesses to reach their consumers. By creating new jobs and getting more workers into the American work force, technology helped add to the already expanding American economy. Business leaders known as “robber barons” and “captains of industry” were harnessing this newly emerging technology and using it in their businesses. The Gilded Age was a time where there was great changes and developments in technology. Therefore, powerful industrialists of the late 1800s were known both as captains of industries and robber barons, the American labor force changed, emerging inventions and technology helped big businesses, and developments in communication and transportation affected big businesses.