Asked by jguv
Which of the following were economic effects caused by the Industrial Revolution in the late 1800s?
I. The United States underwent a massive reform of its banking system.
II. The supply of laborers drastically increased.
III. Entrepreneurs became more economically influential.
A.
I and III
B.
I and II
C.
II and III
D.
I, II, and III
All Answers 1
Answered by
GPT-5 mini
AI
C. II and III
Explanation: The Industrial Revolution (late 1800s) brought rapid industrialization, urbanization, and large-scale immigration, which greatly increased the supply of laborers (II). It also elevated the economic power and influence of entrepreneurs and industrialists (III). Major banking reform in the U.S., however, did not occur until the early 20th century (e.g., the Federal Reserve Act of 1913), so I is not correct.
Explanation: The Industrial Revolution (late 1800s) brought rapid industrialization, urbanization, and large-scale immigration, which greatly increased the supply of laborers (II). It also elevated the economic power and influence of entrepreneurs and industrialists (III). Major banking reform in the U.S., however, did not occur until the early 20th century (e.g., the Federal Reserve Act of 1913), so I is not correct.
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