How did electric power affect industry and daily life?

Early developments in electric power technology helped industries to harness the power of electricity and transport it from place to place. In the early 1800s, the work of Nikola Tesla led to the development of alternating-current (AC) and direct-current (DC) technologies, including batteries and cross-country power transfer. The experiments of Georg Simon Ohm led to his 1927 discovery of Ohm's Law, which measures electrical current and opened the door for increased complexity in electrical circuits.

most people were factory or company owners.

the right answer is the end of world war ii

after the end of a global wwii all the nations involved, in an attempt to create an organization to maintain world peace. this agreement would work settling international disputes via negotiation and arbitration instead of leading the issues escalate to another war.