How Did the Second Industrial Revolution Transform the Economy of the American

question 141

Essay

How did the second industrial revolution transform the economy of the American West? Discuss the specific ways corporations affected economic development in the region, as well as the nature of the work itself and its impact on western workers.

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Definitions:

Accounting Standards

Rules and guidelines set by authoritative bodies that dictate how financial transactions and statements should be reported and maintained.

Dividends

Payments made by a corporation to its shareholders, usually as a distribution of profits.

Subsidiary

A company that is completely or partly owned and partly or wholly controlled by another company, known as the parent company.

Parent

In business and accounting, a parent entity controls one or more subsidiary entities.