The second industrial revolution was not just marked by new inventions new business practices were invented that transformed americas

Answer 1

economy and society. One of the key developments during this time was the rise of big businesses known as trusts or monopolies. These large corporations were able to dominate entire industries and control prices, leading to increased competition and lower prices for consumers.

Another significant change was the shift towards mass production and the development of assembly line manufacturing. This innovation, pioneered by companies like Ford, allowed for faster and more efficient production of goods, leading to the mass production of consumer goods and the growth of the consumer market.

Technological advancements also played a key role in the second industrial revolution. The invention of electricity, the telephone, and the internal combustion engine revolutionized communication, transportation, and manufacturing processes. These innovations laid the groundwork for further technological advancements in the 20th century.

Overall, the second industrial revolution marked a period of rapid economic growth and industrialization in America, transforming the country into a global economic power. The innovations and practices developed during this time continue to shape the modern economy and society.