America between 1876 and 1900

Question

What significant economic changes happened in America between 1876 and 1900? What factors led to the growth?

Answer 1

Everything except the transportation was privatized. Government believed in free enterprise and competition in the market for rapid growth of economy. About $10billion was invested in factories by 1900. Business became prevalent. Government also made a check that the companies shouldn’t attained monopoly.

The industrial development led to the above changes. With the advancement of technology, things became easier and much quicker. Light bulb, telephone and AC/DC voltages were invented and discovered.