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27 October, 11:45

Which best describes how industrialization changed the American economy?

Industrialization moved the economy away from agriculture

Industrialization eliminated the need for imported goods.

Industrialization created an export market for American goods.

Industrialization created new domestic markets.

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  1. 27 October, 12:13
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    "Industrialization moved the economy away from agriculture", the given statement best describes how industrialization changed the American economy.

    Answer: Option A

    Explanation:

    When essentially agriculture is modified to one based on the production of goods than the process is termed as Industrialization. It has been resulted into immense reformation in United States from early 1800's to the beginning of Civil War.

    Industrialization brought transformation in both social and financial circumstances and status of U. S. Business was promoted in large scale due to improved production methods, inventions like barbed wire, typewriter, telephone, electric light, phonograph, steam engine, petrol-engine care etc which paralleled resulted into emergence of slavery.

    Profits fetched by entrepreneurs was invested and hiked manpower need which declined the economical status from the section of agriculture as labor with low wages were comfortable to serve in rigid conditions rather than facing loss and pressure in farming due to tax payment and negligible profits.
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