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The Second Industrial Revolution: Turning Point In American And World History

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The Second Industrial Revolution (1870-1914) was an important turning point in American and world history. New inventions, such as the lightbulb, completely transformed daily life for millions of people, allowing for safe and dependable light at all hours. Entrepreneurs like Andrew Carnegie, John D. Rockefeller, and Henry Ford transformed the world of industry with mass production of products such as steal, oil, and automobiles. This uptick in production had several effects. The first was that the big companies made large quantities product in a short amount of time, changing the balance of supply and demand, lowering prices. Another effect of big business was that they generally outperformed and undermined small and family owned businesses,

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