Summary Chapter 10 Of The Perils Of Prosperity

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Chapter 10 of the Perils of Prosperity, by William E. Leuchtenburg, is about the Second Industrial Revolution. The Second Industrial Revolution was a time when America was in a period of rapid industrialization and advancement in technology. The productive capacity of the American economy was greater than the first revolution. Most people have reached the highest standard of living and were paid the highest wages of all time. Importantly, work conditions at the mills and factories were improved. Industrial production rates increased tremendously over the decades. As technological innovations grew, machines began to replace human workers in 1914. Steam engines became obsolete as most of the industries relied on electricity for power. More Americans
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