First, it allowed for businesses to find new ways to do old tasks and do them more efficiently. It also developed communication and transportation, making it easier for businesses to reach their consumers. By creating new jobs and getting more workers into the American work force, technology helped add to the already expanding American economy. Business leaders known as "robber barons" and "captains of industry" were harnessing this newly emerging technology and using it in their businesses. The Gilded Age was a time where there was great changes and developments in technology
Answer:
Lords
Explanation:
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Answer:
Demand-pull inflation exists when aggregate demand for a good or service outweigh aggregate supply. It starts with an increase in total consumer demand. Sellers meet such an increase with more supply. But when additional supply is unavailable, sellers raise their prices. That results in demand-pull inflation.
This is commonly described as "too much money chasing too few goods."
The consumer goods may go to the troops instead of the citizens. For example, during World War II, citizens were encouraged to plant victory gardens- if more people grew their own vegetables, more canned goods could be given to soldiers.
