The correct answer should be the decline of the manufacturing industry. Factories and manufacturing plants started closing down since the companies could earn a lot more if they outsourced businesses and factories to foreign countries. They would pay foreign workers way less salaries than they would pay American workers so the manufacturing plants started closing down and entire cities started getting deindustrialized.
<span>Good Morning!
In the socio-political field of the Industrial Revolution, with the growth and rise of the economic power of the middle class, new rights were being demanded. Among them comes the guarantee of the right to participate in political decisions and, with it, the foundation of modern representative democracy.
The growing middle class demanded more democracy, so voting rights gradually expanded.
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America's involvement in World War II had a significant impact on the economy and workforce of the United States. The United States was still recovering from the impact of the Great Depression and the unemployment rate was hovering around 25%. Our involvement in the war soon changed that rate.
There are two necessities for an industry to be competitive, first for an industry to be competitive, the industry must have numerous producers that does not have a large market share, second, an industry can be considered competitive if its consumers regard the products of the producers as equivalent.
