Critics of powerful industrialists referred to them as
1!. captains of industry
2!. philanthropists
3!. robber barons
4!. anarchists
Economists call periods of boom and bust
1!. a recovery
2!. economies of scale
3!. a recession
4!. the business cycle
How did industrial growth affect the distribution of wealth in the United States!?
1!.All Americans enjoyed a higher standard of living!.
2!.The income gap between farmers and factory workers widened!.
3!.Wealth was concentrated in the hands of a few industrialists!.
4!.The income gap between rich and poor grew smaller!.
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