Following the Civil War, the emergence of industrial capitalism radically reshaped the United States economy and its labor dynamics.
During this pivotal period, key innovations in technology and business practices facilitated the growth of massive corporations and altered the landscape of American industry. Among the influential figures of this era was Andrew Carnegie, whose practices in the steel industry were emblematic of the capitalist ethos.
Considering these developments, which statement accurately reflects the impact of industrial capitalism on American society during this time?