One significant economic impact of the second industrial revolution was:

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The second industrial revolution saw frequent and prolonged economic depressions, particularly in the late 19th and early 20th centuries. While technological advances improved productivity and created new industries, they also led to economic disruptions, such as the Panic of 1873 and the Great Depression of the 1930s. These economic hardships had significant impacts on individuals and societies, leading to increased calls for government intervention in markets and the development of social welfare programs.

One Significant Economic Impact of the Second Industrial Revolution Was