1. Industrial Revolution
... of 1873 until World War One, heavy industy became concentrated in large firms, capitalized by specialist banks. Cartels and monopolies drastically altered the scale of development. These industrial giants controlled the output, price and distribution of commodities; they dominated smaller firms, financed and controlled research and development, utilized scientific advances and expanded far beyond their national ... depression or "own "cities. The rapid growth and the powerful figures in great industries hid from comtemporaries the fact that economic development was extremely uneven, even...
- Word Count: 1504
- Approx Pages: 6
- Grade Level: Undergraduate