1. An Economic Boom
... ensued, and America became the "colossus" among world manufacturers. There were many reasons for and many impacts of this period of economic growth and industrialization. There were many reasons for the industrialization and the rapid economic growth of America. One reason was the discovery of new natural resources such as oil, silver, and others. These resources were readily exploited. Another reason was ... process perfected the transformation of iron into steel. This in turn helped businesses like the railroads because they were able to make rail faster and more inexpensively. Along ...
- Word Count: 703
- Approx Pages: 3
- Grade Level: High School