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Group: Sierra Leone, British Colony of
People: Lodrisio Visconti
Topic: Turkish Invasion (Georgia), Great
Location: Sinjar > Singara Ninawa Iraq

Rapid economic development in the U.S. during …

Years: 1888 - 1899
Rapid economic development in the U.S. during the late nineteenth and early twentieth centuries fosters the rise of many prominent industrialists.

Tycoons like Cornelius Vanderbilt, John D. Rockefeller, and Andrew Carnegie lead the nation's progress in railroad, petroleum, and steel industries.

Banking becomes a major part of the economy, with J. P. Morgan playing a notable role.

Thomas Edison and Nikola Tesla undertake the widespread distribution of electricity to industry, homes, and for street lighting.