What were the economic effects of the second revolution?
WHAT WERE THE ECONOMIC EFFECTS OF THE SECOND REVOLUTION? In the period from 1870 to 1890, there was an economy and productivity boom in the industrialized countries. As a consequence, living conditions improved significantly and the prices of goods fell dramatically.
What were the environmental and economic effects of the Industrial Revolution?
The Industrial Revolution impacted the environment. The world saw a major increase in population, which, along with an increase in living standards, led to the depletion of natural resources. The use of chemicals and fuel in factories resulted in increased air and water pollution and an increased use of fossil fuels.
What effect did the second industrial revolution have on economic and social life?
*second industrial revolution was the outburst of “steel, chemicals, electricity, and petroleum.” *The effect of European economic and social life was that living conditions got extremely better, Germany emerged on top with mass production. *There was a significant population increase.
What were 2 positive economic effects of the Industrial Revolution?
The Industrial Revolution had many positive effects. Among those was an increase in wealth, the production of goods, and the standard of living. People had access to healthier diets, better housing, and cheaper goods. In addition, education increased during the Industrial Revolution.
What was the most important result of the Second Industrial Revolution?
depleting natural resources. creating business empires. turning the United States into a world economic power.
What were the causes and effects of the Second Industrial Revolution?
The second industrial revolution was said to be between 1870 and 1914, after the civil war[1]. The main causes of the second industrial revolution were due to: natural resources, abundant labor supply, strong government policy, new sources of power, railroads and American inventors and inventions.
How did the Industrial Revolution affect the climate?
Many scientists believe, however, that with the dawn of the industrial age—and the burning of fossil fuels such as coal, natural gas, and oil—humans began to significantly add to the amounts of carbon dioxide and other greenhouse gases in the atmosphere, enhancing the planet’s natural greenhouse effect and causing …
What was the economic impact of the Industrial Revolution?
The Industrial Revolution transformed economies that had been based on agriculture and handicrafts into economies based on large-scale industry, mechanized manufacturing, and the factory system. New machines, new power sources, and new ways of organizing work made existing industries more productive and efficient.
What was the Second Industrial Revolution and what effects did it have on European economic and social life quizlet?
The 2nd Industrial Revolution helped create a new material prosperity that led Europeans to believe they had ushered in a new age of progress. In this 2nd revolution, steel, chemical, electricity, petroleum, and the internal combustion engine led the way to new industrial frontiers.
What were some of the economic effects of the Industrial Revolution?
What are two negative effects of the Industrial Revolution?
Although there are several positives to the Industrial Revolution there were also many negative elements, including: poor working conditions, poor living conditions, low wages, child labor, and pollution.
Which natural resource was significant to the Second Industrial Revolution?
The cause of natural resources consisted of coal, oil, iron and ore[2]. Immigration was also a major cause of the second industrial revolution because as more and more new people were coming over seas, they were bringing new ideas and inventions that spread quickly.
What are the effects of the Industrial Revolution?
Effects of the Industrial Revolution. You will learn about the effects of the Industrial Revolution on living and working conditions, urbanization (the growth of cities), child labor, public health, working class family life, the role of women, the emerging middle class, and economic growth and income.
What was the US economy like during the Second Industrial Revolution?
United States. The U.S. had its highest economic growth rate in the last two decades of the Second Industrial Revolution; however, population growth slowed while productivity growth peaked around the mid 20th century. The Gilded Age in America was based on heavy industry such as factories, railroads and coal mining.
How did electricity affect the Second Industrial Revolution?
Electricity brought along mechanization. As we mentioned before, the Second Industrial Revolution was a time of quick and continuous progress. So, ships and other assets became obsolete in a short time span. People lost money and the unemployment rate went through the roof.
How did technology change during the Industrial Revolution?
The enormous expansion of rail and telegraph lines after 1870 allowed unprecedented movement of people and ideas, which culminated in a new wave of globalization. In the same time period, new technological systems were introduced, most significantly electrical power and telephones.