Economic Effects of Gilded Age Innovation
Which of the following describes a significant economic effect of the technological innovations of the late nineteenth century in the United States?
A
They primarily contributed to small-scale craftsmanship replacing mass production.
B
They spurred rapid economic growth and the emergence of wealthy industrial magnates.
C
They caused a lasting economic decline due to environmental degradation.
D
They led to the immediate democratization of wealth among all social classes.
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