What was a benefit of the government policies practiced during the second industrial revolution?

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Riley4509 Riley4509

05-11-2019
Law

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What was a benefit of the government policies practiced during the second industrial revolution?

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codedmog101 codedmog101 · Answer 1 · 2019-11-10T02:03:16+01:00

Answer:

It restrict the growth of monopolies and protect the right of workers. Also, it increases business investments.

Explanation:

Series of policies were made by the government during the second industrial revolution but the most important is the monetary policy.

With the policy, there was shrinking of currency supplied at the time and the value of dollar rose up and stabilized.

By doin this, business investments increased but the problem that time was that debtors and farmers that were repaying their debts were no not favoured( because there eas scarcity of dollar)

Martebi Martebi · Answer 2 · 2021-11-11T11:58:18+01:00

The government policies practiced during the second industrial revolution involves the use of monetary policy, tariffs and excise tax during the second Industrial revolution. The use of these policies provided incentives/enticements for growth, as well as gave money to land and resources.

This tax and tariffs were used to create steel, chemicals and electricity that helped to boast production.

During the second Industrial Revolution following the Civil War, the government was in support of industrialization via the construction of the Transcontinental Railroad, which help the transportation of goods.

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