Impact of Big Business The period from 1870 to 1900 was a transformative era in American history, marked by rapid industrialization, the rise of big business, and significant shifts in political dynamics. The emergence of large corporations and monopolies fundamentally altered the landscape of the economy, influencing not only market practices but also the political framework of the nation. This essay will analyze the impact of big business on the economy and politics during this period and examine the responses of Americans to these profound changes. The late 19th century witnessed unprecedented economic growth driven by the rise of big business. Corporations such as Standard Oil, U.S. Steel, and the American Tobacco Company dominated their …show more content…
While big business owners amassed fortunes, many workers faced long hours, low wages, and unsafe working conditions. This economic inequality sparked a growing discontent among the working class and laid the groundwork for labor movements and strikes, as workers sought to assert their rights and demand better conditions. The Pullman Strike of 1894 and the Homestead Strike of 1892 exemplified the tensions between labor and management, highlighting the struggles of ordinary Americans against the might of big business. In addition to its economic implications, big business exerted considerable influence on the political landscape of the United States. The wealth amassed by industrialists translated into political power, as they sought to shape legislation in favor of their interests. This period saw the rise of political corruption and the proliferation of practices such as bribery and lobbying, wherein business leaders would directly influence lawmakers to pass favorable regulations. The Sherman Antitrust Act of 1890 was a significant legislative response to the monopolistic practices of big