Pros And Cons Of The Second Industrial Revolution

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The history of Industrial Revolution became a historical time period in US history, because without industrial revolution we would not have some of the essential items we need today such as: cars, buildings, television, food, medicine etc. John Green, a famous professor from Crash Course on YouTube channel, describe the industrial revolution was incredible. This time period created new technology, which invented machines to increase production and also new energy to charge these machine. Industrial Revolution can be define in only a couple of words” increasing production.” Allowing the creation of machines and also new energy sources to revolutionize the world in a positive way. By the natural resources, from the earth increase production …show more content…
By giving worker job and also a change to receive wages from the company’s. Now, during the second industrial revolution there was pros and cons to this topic. The US steadily increasing the economy growth was the increasing of immigrants. Which increasing the workforce for many companies. Some of the huge names who control these company’s was Andrew Carnegie, JD Rockefeller, JP Morgan, and Henry Ford. These men expanded their business across the Unites States. The second Industrial revolution became a positive outlook in today society, by the increase of production, multiplying workers for these monopoly company’s, and the creation of railroads.
During 1870 – 1914, is when the second industrial revolution became the true development of the economy. Job where created, and technology became valuable to factories. Factories started purchasing machines to increase the production, such as steel. Andrew Carnegie dominated the steel company. This production became a horizontal integration because of the competition in that same field. However, the reason towards these monopoly company success was because of it

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