Gilded Age Economic and Urban Transformation in America

What was the primary economic shift in America during the Gilded Age?

The shift from an agrarian economy to an industrial economy.

How did agricultural practices change during the Industrial Transformation?

Farming expanded through mechanized processes and new lands.

What role did railroads play in American industrial growth?

Railroads linked raw materials, factories, and consumers, creating a national market.

How did electrical power impact American industry?

It revolutionized factory production, urban life, and communications.

What does Gross National Product (GNP) measure?

The total value of all finished goods and services produced by a country's residents.

What was the urban population percentage in America in 1860?

20% of the population lived in urban areas.

What was the urban population percentage in America in 1900?

40% of the population lived in urban areas.

What significant demographic milestone occurred in 1920 regarding urban population?

For the first time, more Americans lived in cities than in rural areas, with 52% urban population.