The major factors that helped the US shift to an industrial economy during the gilded age are the expansion of railroads majorly in the West and the creation of corporations and new business practices.
An economy refers to the large set of interrelated production and consumption that helps in determining the allocation of scarce resources.
New methods for raising more capital, creation of corporations followed by new business practices and the expansion of railroads in the west are the major factors helping the US shift to an industrial economy during gilded age.
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