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1869 And 1910: The Rise Of Big Business

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My topic was on the rise of big business. Between 1869 and 1910, the value of American manufacturing rose from $3 billion to $13 billion. Investors developed a form of group ownership known as corporation. In corporation a number of people share the ownership of one business. This organization was the perfect solution to the challenge of expanding business. A corporation had the same rights as an individual: for example it could buy and sell property and it could sue in court. After 1870 the number of corporations in America increased a lot. Businessmen continued to develop even more effective ways to increase profits and decrease cost. One way they did this was to create a giant company with lower production cost. This is known as horizontal
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Throughout the 19th century, industry as a whole became a major power house of society. Lust for invention and scientific thinking were encorporated into the mindsets of the American population. Sparked from thought and invention -- most notably from Thomas Edison, Alexander Graham Bell, the Wright Brothers, and Henry Ford -- industry was vital in influencing social and economic competition. As poverty increased in America -- resulting from rapid immigration and a competitive market economy -- so did wealthy individuals gain monetary stature. While some of those gaining wealth during this time period could be considered "Robber Barons", as they manipulated the law, influenced elections, and misinterpreted the truth in order to make gains,

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Eventually allowed these business owners such as Andrew Carnegie, Cornelius Vanderbilt, and J. D. Rockefeller to control everything around them including the government. From 1870 to 1900, corporations grew significantly in number, size, and influence in the United States causing big corporations to control the government and the people in America. After the civil war, railroads became the main way to transport people or goods.

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One of the significant changes was the construction of the transcontinental railroad that finished in 1869 (Babayan, 2013). This railroad made it easier for the businessmen to build bigger and better profits now. The millionaires that controlled everything during this time was Andrew Carnegie, John D.

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Large corporations had a large impact on the economy within America, as they were able to control the pay of many citizens in America. In document 1, it expresses the amount of power these corporations had in the United States. They were able to fire workers without cause, control their pay, which oftentimes was very little, or even withhold their wage from them all together. This caused many issues as many relied on that source of income to stay afloat in daily life. With minimal or no income, many Americans lived with a poor standard of living.

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Overall given these points Between the 1870 -1900 after the post civil war america’s corporations grew significantly in number and

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During this time period, real per capita product in the United Stated more than doubled and real Gross Domestic Product multiplied by over 7 times (Lamoreaux, 2010). The higher growth rates of total relative to per capita Gross Domestic Product indicate that the economy grew more by adding new inputs than it actually did through increasing productivity. The fast growing markets of the United States provided new opportunities for profits that entrepreneurs responded to. For instance, Andrew Carnegie responded to the opportunities and created Carnegie Steel and he

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