Question
Objectives
1. Explain how new uses of natural resources, economic policies that allowed industries to expand, and
innovation created markets for new products.
Answer
New uses of natural resources, such as the discovery of oil and gas, allowed for the development of new industries and products. Economic policies that encouraged industrial expansion, such as subsidies and tax breaks, also played a role. Innovation in technology and production methods further fueled the creation of new markets for products, such as automobiles and consumer electronics.