Question

How did innovations and scientific discoveries during the second industrial revolution lead to new forms of business? Were those forms of business positive or negative?

Answer 1

Second industrial revolution lead by innovations and discoveries and its overall effect:

• Innovations and scientific discoveries during the second industrial revolution lead to the immense growth of industries using efficient machines that could give more output than before.

• This increased output needed large markets and supply facilities and thus new businesses like transportation, retail outlets, etc., grew tremendously.

• The factories started running out of labor and hence, they started hiring small children at cheap wages. The people who migrated to industrial areas started living in slums.

• The working hours were increased and the health conditions of the workers deteriorated. The overall effect of the second industrial revolution was negative.