One major development that accompanied the rapid growth of industry between 1870 and 1890 was the expansion of railroads. This period saw the construction of thousands of miles of new railroad tracks, connecting previously isolated areas and facilitating the transportation of goods and people across the country.
Another significant development was the rise of large corporations and the growth of the industrial capitalist economy. The industries of steel, oil, and electricity experienced rapid expansion, leading to the emergence of powerful business tycoons such as Andrew Carnegie, John D. Rockefeller, and Thomas Edison. These industrialists accumulated enormous wealth and exerted tremendous influence over the American economy and politics.
Technological advancements also played a crucial role in the growth of industry during this period. The introduction of the Bessemer process for steelmaking in the 1870s revolutionized the production of steel and facilitated the construction of railroads, bridges, and skyscrapers. Additionally, inventions such as the telephone, typewriter, and electric light bulb transformed communication and productivity in various industries.
Lastly, the growth of industry between 1870 and 1890 was accompanied by urbanization. As factories and industries expanded, people from rural areas flocked to cities in search of employment opportunities. This led to the rise of large cities and the development of urban infrastructure, including the construction of housing, transportation systems, and public utilities.
Overall, the rapid growth of industry between 1870 and 1890 was driven by advances in transportation, the rise of large corporations, technological innovations, and urbanization. This period marked the beginning of the modern industrial economy in the United States and set the stage for further economic growth and development in the coming decades.
which development accompanies the rapid growth of industry between 1870 and 1890
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