Economic policy used in the US during the second industrial revolution was the model of laissez-faire capitalism. Socialism and populism have not been used often in the US.
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<span>The main consequence of the use of holding was to reduce the power of couplings, since it is configured symbolic monopoly.
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The steel industry has contributed to the territorial and technological expansion. This is remarkable when we look at the railroads.
1. laissez-faire capitalism 2. reduce the power of unions 3. They made the production of the steel rails cheaper, helping to spread railroad networks throughout the nation.
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