Second Industrial Revolution Essay

The Second Industrial Revolution brought harmony and success to the once extravagant Europe. Stock such as railroads, coal, iron, and textiles, as well as introduction of electricity, and usage of chemicals, petroleum, and steel, are all contributions to what is hinted to as the Second Industrial Revolution. These stocks brought rise and advancement to all social classes.

The Middle Class thrived greatly due to the Revolution. Some were even starting to consolidate with upper class due to the prosperity of entrepreneurs, wedlock of upper middle class to upper class, and such. Schools also helped them find harmony where upper middle class sons were allowed to study with exclusive upper class.

Steel being replaced for iron was one of the

Urbanization is the name used to represent the boom in population during this time in urban areas. Healthy reforms stepped up during this time and refined ways to sanitize the most unsanitary parts of Europe.

Then the Causes of the 2nd Industrial Revolution. Which was 1) Natural Resources. Natural Resources were needed in the 2nd Industrial revolution because without it there would be no move into the Industrial Revolution. They are also used to build equipment that is able to produce goods.

Cause 2) Immigration. Immigration was important because factories needed people to man machines. Due to there being more machines, they needed people to work them. Cause 3)Laissez Faire. The Government Policy “ Laissez Faire” means basically to let them do as they will. This being that factory workers could do whatever they wanted because it was not the governments business. Cause 4)Sources Of power. New alterations in steel manufacturing petroleum and electricity led to the launch of automobiles and airplanes. Cause 5) Railroads. Railroads placed around the world to help get things there quickly and carry heavy loads. Shipped big loads of production everywhere. Cause 6) Inventors and Inventions. Inventions led to an easier more relax life. With more inventions being created to make life easier

Rockefeller Created the Standard Oil trust Which basically said,”companies could be purchased, created, dissolved, merged, or divided”. He owned 90% of the Oil Industry. Started up a Monopoly by Vertical and horizontal integration. Which is basically buying out other oil companies and the companies that deal with the oil companies. Another Was Andrew Carnegie who owned the steel Industry. Carnegie Believed that the rich had an obligation to give back. He went from a poor scottish immigrant to a millionaire by the age of 30. He Sold his Steel Industry to J.P.Morgan for 400 million. Last but not least, J.P. Morgan who was an Investment Banker and inherited his wealth. As mentioned above, He bought Andrew Carnegie’s