Answer:
Social consequences of the industrial revolution
The main consequence of industrialization was the substitution of class society for class society (in which social class was determined by material goods). The other social class that emerged from the industrial revolution was the proletariat that appeared in Europe during the 18th century.
Explanation:
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The convention was held during a year of violence, political turbulence, and civil unrest, particularly riots in more than 100 cities following the assassination of Martin Luther King Jr. on April 4. The convention also followed the assassination of Robert F. Kennedy on June 5. Both Kennedy and Senator Eugene McCarthy of Minnesota had been running for the Democratic nomination at the time.
It was a time of mass production but due to a mentality of high production and low wages consumerism couldn't keep up. America was overproducing and with companies losing money people started to get laid off. Further spurring the Great Depression was the Stock Market Crash, with people buying stock on credit and people eventually discarding their stock in a mad dash it crashed. Despite the fact that the crash only affected a small percentage of the population it trickled down due to the fact that these were business owners. Unemployment rates skyrocketed.
On the bright side...the beginning of the 1920s was the end of a war and a huge economic boom. (Stock Market Crash didn't happen until 1929) Prohibition led to an era of rebellious teens, women drank and smoked, dressed "scandalously", and overall gained more freedom
The economic ideals of the presidents during the Roaring 20s was with the huge quantity of production and the new and useful consumer goods that were made available to every household.
The economic deals of the presidents were:
- The era of the 1920s was much better than the other eras, which experienced the horror days and the nightmares of the bloodshed.
- The era of 1920 was with the growing primary sector, also the industrial sector was at the way of growth and the service sector was also at the pavement of the growth.
- The industrial sector focused on consumer goods and increased the production of consumer goods and services and made them available to the households for consumption.
- They worked to decrease the tax rate for the convenience of the households to purchase goods and services.
- The business had capital, so the companies focused on labour-intensive to provide employment in the economy.
Learn more about the economic ideals of the era of 1920s here:
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