Which of the following occurred during the industrial revolution in the United States?
I. More and more firms shifted toward mass production and automation.
II. More and more firms substituted capital investment and technology for labor, leading to a decrease in the demand for labor.
III. Technological change and capital investment displaced workers in some industries, although for the economy as a whole, the demand for labor increased.

Question

Quizplus · Accepted Answer

During the industrial revolution in the United States, there was a shift towards mass production and automation (I) and technological change and capital investment displaced workers in some industries (III). However, for the economy as a whole, the demand for labor increased (III). Therefore, options A and B are incorrect since they exclude the increase in demand for labor, and option D is incorrect as it only includes the decrease in the demand for labor. Option E is incorrect as it only includes the displacement of workers and does not acknowledge the overall increase in demand for labor.

Which of the Following Occurred During the Industrial Revolution in the United