Final answer:
It is true that the Second Industrial Revolution was a period of rapid industrial growth in the U.S. during the late 1800s, characterized by technological advancements and the expansion of the financial system.
Step-by-step explanation:
The Second Industrial Revolution indeed represents a period of rapid growth in U.S manufacturing during the late 1800s. This is true. Occurring from the end of the Civil War to the outbreak of World War I, it was characterized by major advancements in manufacturing technology and economic development. Innovations during this period included the mass production of steel, the refinement of the assembly line, and the introduction of groundbreaking inventions such as the internal combustion engine and electrical power. The growth of the financial system was also critical as it facilitated investments and supported the expansion of corporations.
New sources of power, such as electricity, and technological innovations had a significant impact, transforming not only the industry but also society and culture. Developments stemmed from previous technological advancements like the Bessemer process for steel production, leading to improved infrastructure and machinery which further propelled industrial growth.