Question

Two factors that helped the us shift to an industrial economy during the gilded age

Answer 1

new technology, such as electricity and telephones

new methods for raising capital

the creation of corporations and new business practices

the expansion of railroads, particularly in the West

Answer 2

America's economy grew by more than 400% between 1860 and 1900 Technological advances, expanding population, improved transportation, financial innovation, and new business practices combined to fuel this economic growth "Titans of Industry" like John D. Rockefeller, Andrew Carnegie, and J.P. Morgan built monopolies and revolutionized business practices Laissez faire ideology called for little or no government regulation of economic affairs Unskilled urban workers did not share in economic gains, instead enduring great poverty