20th century & Economics
6 important questions on 20th century & Economics
Major inventions or innovations during the first Industrial Revolution in Britain which revolutionised production.
- The Factory System
- James Hargreaves' Spinning Jenny
- James Watt's steam engine
- Stephenson's steam powered train
Factors Contributing to Second Industrial Revolution
- Urbanization
- Abundance of natural resources (oil, coal, iron)
- Supply of immigrant labour
- Expanding market for manufactured goods
- Availability of capital for investment
- Railroad construction
- Revolution was 1870-1914
What was the age of Tycoon
Andrew Carnegie (steel)
John D. Rockefeller (oil)
Jay Gould (railways)
John Pierpont Morgan (finance)
"Robber baron" is a derogatory metaphor of social criticism originally applied to certain late 19th-century American businessmen who were accused of using unscrupulous methods to get rich, or expand their wealth.
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Who was Andrew Carnegie?
Carnegie Steel Company
Did you know that with his Carnegie Foundation, he donated 1.5 million dollars to the building of the Peace Palace in the Hague?
Who was Victoria Woodhull
- leader of the women's suffrage movement
- the first woman to run for President of the United States (1872)
- Frederick Douglass on the ticket as Vice President
The 1950s: a Decade of Prosperity
- Eisenhower era was one of prosperity
- Consumer credit
- G.I. Bill
- Cheap oil
- Lack of European and Asian competition
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