Question

Which of the following contributed to rapid industrialization in the United States?

• lack of investment capital
• scarcity of resources
• lack of reliable transportation
growing immigrant population

Answer 1

Growing immigrant population.

Step-by-step explanation:

Immigrants would come to America to find jobs and most ended up going into cities for occupational oppurtunities. Some popular cities would be populated ones such as New York or Chicago. Some worked in factories or in places such as Ford's Automobiles. These events mostly happened in the "Roaring 20s" where the economy was prospering right after the war due to consumer spending primarily but there was other things such as rapid material production. An example would be the steel prices being lowered because of inventions such as Bessemer's steel process. If people had occupations, and more people from around the world were coming to America for jobs, this means the better for the economy. This is because of the consumer spending increase. A growing immigrant population would mean a rapid increase in industrialization as their impact on the economy could be positive as they work in the inventions of using the materials provided through the different processes by inventors such as Bessemer or Ford.

Answer 2

Answer: The availability of capital, development by the free market of navigable rivers and coastal waterways, as well as the abundance of natural resources

Step-by-step explanation:

The availability of capital, development by the free market of navigable rivers and coastal waterways, as well as the abundance of natural resources facilitated the cheap extraction of energy all contributed to America's rapid industrialization.