Impact of Industrial Capitalism in the Late 19th Century

Very Easy Period 6: 1865–1898 Industrial Capitalism

After the Civil War, the United States underwent significant changes as it transitioned into an era of industrial capitalism. This period was marked by the rise of factories, the expansion of the railroads, and the growth of large corporations. One of the most notable figures during this time was Andrew Carnegie, a key player in the steel industry. Which of the following statements best describes the impact of industrial capitalism during this period?

It primarily benefited small farmers and local craftsmen.

It led to significant increases in urban populations and the growth of cities.

It resulted in a decrease in the overall productivity of the American economy.

It restricted technological advancements and innovation.

Hint

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