About this document
Capital and Labor in Industrial America is a document available to read on EtoBox.
This document summarizes the development of industrial capitalism in the late 19th century United States. It discusses how falling prices during this period, known as the Great Deflation, coincided with industrial expansion driven by manufacturing efficiencies. It then describes how the steel industry grew based on new production technologies, fueling growth in other industries. The railroad system expanded dramatically during this time, integrating local lines into a national network and standardizing oper
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