How Did The Second Industrial Revolution Affect The Economy

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The Second Industrial Revolution took place between 1870 and 1914. Urbanization and expanding territories that have not been previously settled were some of the changes that helped fuel the Second Industrial Revolution. Transportation, factory production, and many other types of industries made the United States be a producer of one-third of the world’s industrial services output. Many of the inventions from these industries were interconnected because of the technologies in the Second Industrial Revolution. The revolution created many effects on the world was that was spurred by these technologies. Unlike the first Industrial Revolution the Second Industrial Revolution was more focused on electricity, petroleum, steel, and many other new or …show more content…
The Robber Barons owned most of the businesses and forced others out of business. The train system was owned by Cornelius Vanderbilt. He started out with the steam ship business but decided he would work in the railroad business. He bought up all the industries that he had to use to make his railroads, like the steel makers and the other critical pieces that you have to have for the creation of railroads. John D. Rockefeller was another big robber baron. John D. Rockefeller built the first oil refinery. This monopoly was used to control all the oil in America. Rockefeller used the railroad system of Cornelius Vanderbilt to transport his refined oil across the country. The petroleum that was made using Rockefellers methods provided a new source of fuel. The new technologies made and the robber barons not allowing flow of the economy fairly. The Laissez-Faire mindset also played an important role in the Second Industrial Revolution in how the economy was …show more content…
The people arrived to the United States to gain wealth for new inventions. With the influx of people to the United States they brought new diseases. The close proximity and people being exposed to new kinds of diseases coming from the other countries. Along with the growth of the population the environment was also effected by the growth of the population. More air pollution occurred and at the rate of deforestation the forests were not able to replenish themselves. Many forest were almost gone in these inhabited regions because of humans over consuming their resources. The environmental concern was not looked at until Teddy Roosevelt read the Jungle and reformed the law to put in place the Pure Food and Drug Act along with creating the Everglades National
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