American industrialization

Definition

The rapid growth of industries and the shift from an agrarian to an industrial economy in the United States during the late 19th century.

Related terms

Urbanization:

The process of population shifting from rural areas to cities due to factors such as job opportunities in industries.

Mass production: A manufacturing technique where goods are produced on a large scale using machinery, leading to increased productivity and affordability.

Monopoly:

When a single company or group dominates the market for a particular product or service, often leading to limited competition and higher prices for consumers.