Which of the following resulted from late nineteenth-century industrial capitalism?
A) Decreasing disparities in accumulated wealth
B) Decreasing the number of agrarian poor
C) Acceleration of economic boom-and-bust cycles
D) Many small producers competing with each other

Question

Quizplus · Accepted Answer

Late nineteenth-century industrial capitalism led to an acceleration of economic boom-and-bust cycles, as seen in the Panic of 1893 and the subsequent depression. The concentration of wealth in the hands of a few industrialists also widened the gap between the rich and the poor, making A incorrect. While industrialization did lead to increased urbanization and decreased agrarian poverty, it did not decrease the overall number of poor people in society, making B incorrect. Finally, the rise of big business meant that many small producers were unable to compete and were driven out of the market, making D incorrect.

Which of the Following Resulted from Late Nineteenth-Century Industrial Capitalism