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

Option I is correct as the industrial revolution in the United States led to the introduction of mass production and automation which increased the output of the firms.
Option II is also correct as many firms substituted capital investment and technology for labor, which led to a decrease in the demand for labor.
Option III is correct as the technological changes displaced workers in some industries, but as the overall economic output increased, the demand for labor also increased.

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