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Standards Of Other Companies In American History

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What companies have been the standard that all other companies are compared to in American History? Why? Throughout history, American culture has been controlled by the individuals who manage supply and demand. The first company to hold this power was Pennsylvania Railroad, an American Class I railroad established in 1846. Pennsylvania was the original model for transportation which allowed for them to control everything in regards to retail. They dictated what products would be shipped, where those products would be shipped to and the cost of how much the products would ship for. Because all retailers wanted to get their products across the country, the demand for transportation was high and supply was low, resulting in outrageously high prices …show more content…

The first of which is selling low price items with a low margin, but selling a high volume and increasing the number of purchases made at Walmart. The second idea includes the integration of GAFTA and advanced technology at Walmart. Through GAFTA, manufacturing occurs in countries around the world such as China or Japan, where the workers are not paid much, which results in low prices for the consumer. The use of technology at Walmart has allowed for them to have everything that they need exactly when they need it. Scanners are able to tell when a product is running low and automatically places an order for the product. This allows Walmart to have a constant supply and always fulfill the demand of the customer. It changed the way that business operated in America through completing the shift to push production, where the retailer is in charge over the manufacturer. Through low-pay workers around the world, Walmart is able to get and sell their products for a low cost. Walmart told companies like Rubbermaid to lower the prices of their products if they wanted them to be sold at Walmart and if they could not meet the expectations Walmart set, their contract would be terminated and the products from that manufacturer would no longer be

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During Industrialization, many big changes occurred. One major point is that products and goods became cheaper to make, and in return, cheaper for sale. Shortly after factories starting popping up in the U.S., “the production of exports outpaced import of goods, and by the late 1800s America emerged as the world’s largest industrial power” (Doc 3). Before factories, things were made by hand and took time to make. Because of the amount of time it took to produce products, people needed to sell these products at higher prices to make the business worth something.

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Justin Clement APUS DBQ Big businesses controlled the economy and politics throughout 1870-1900. They were in control of the prices for certain items because they destroyed their smaller competitors until there was no competition left. They had much sway over politics and took away the people’s say. As we can see from Document A, between 1870-1899, the price for food, fuel, lighting and living decreased with the emergence of big businesses.

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After the Civil War, Americans looked to create a whole, prosperous nation. Corporations grew steadily as Americans migrated west. The owners would create trusts, buying out all the smaller companies in their line of work and thus controlling the whole field. Americans had mixed feelings about these companies. Although post civil war corporations employed many and offered low prices, they ultimately stifled smaller businesses and have some control of the government.

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Following the War of 1812, and contrary to the America that Jefferson envisioned, the United States entered a period of economic growth with robust international trade, busy markets, and commerce (Schultz, 2013). During this time period, referred to as the American System, the focus was placed on the production of American goods, as well as retaining those items in the United States (Schultz, 2013). Additionally, the success of this system generated many economic and social changes that became known as the Market Revolution (Schultz, 2013). As a result of the imposed taxes on imported items, internal improvements, and the establishment of a national bank, the American System led into the Market Revolution (Schultz, 2013). During the period of time from 1812-1860, three major changes prompted the Market Revolution.

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Travelling and transporting goods were very inconvenient before railroads were built in 19th-century. “Before railroads, shipping a ton of goods 400 miles could easily quadruple the price. But by rail, the same ton of goods could be shipped in a fraction of the time and one-twentieth of the cost. ”9. These made the economies of the American West bad and difficult to improve.

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The Industrial Revolution brought to America new technologies to manufacture and produce goods in quantities unseen before. In the aftermath of the Industrial Revolution new companies were learning how to monopolize and take advantage of the public, these companies would eventually effect America in more ways then one. During the late 1800’s and the early 1900’s many working class individuals lived in poverty because of the formations of monopolies and trusts. A trust is a basically another word for monopoly, which means one large business that corners a market and has no competition allowing it to raise their prices however they choose.

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From 1860 to 1900 the United States quickly became an “industrial nation,” using its plentiful natural resources of oil, coal, steel, and timber, along with abundant labor to drastically increase production of manufactured goods. During this time period millions of immigrants from Europe (Eastern and Western) along with many from East Asia moved to various cities in the US, leading to both a rise in population density in these areas and a labor surplus. The constant supply of cheap labor combined with a strong spirit of competition and very little government regulation led to the rise of enormous “industrial empires” of steel, railroads, and oil. These raw materials were then processed into a vast array of consumer goods, which entered into

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Comcast Corporation The company I chose is Comcast Corporation formerly known as Comcast Holding. Comcast is located in Philadelphia, Pennsylvania on December 7, 2001. It is a global media and technology company and is the largest multichannel company in the world. Comcast has many subsidiaries including NBC Universal Media and Comcast Cable. It is ranked number thirty-one on Forbes Fortune 500 and has a net worth of 193.4 billion dollars.

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The Gilded Age was the period between the Civil war and World War I that expressed the idea that everything that Glitters is not gold. The Gilded Age was the era of rapid industrialization in America which resulted in the increase of jobs. This period is known as the Gilded age because it alludes to the idea that things on the surface were not as amazing as it seemed to be, and underneath it was very corrupt. The Gilded age represented a period of economic, political, and social freedom and opportunity that mostly benefited the wealthy, but at the expense of working class, minorities, and immigrants who did not receive the same benefits. The introduction of the Gilded age resulted in many problems for citizens such as the working condition

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William C. Durant was a profitable manufacturer of horse-drawn vehicles, but after visiting the World’s Fair, he realized putting the world on wheels was the wave of the future and established General Motors on September 16, 1908. “At inception, GM held only the Buick Motor Company but within years acquired more than 20 companies, which included Oldsmobile, Chevrolet, Cadillac, and Oakland, known today as Pontiac” (General Motors, 2015). At this stage, GM was not a centrally unified company; Durant kept wheeling and dealing, while allowing the companies to compete with each other with only the slightest level of oversight. As President of General Motors in 1923, Alfred Sloan suggested ways to impose greater controls particularly financial controls, but GM was a divided company without centralized

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During the period of 1870 to 1900 large corporations, such as the railway company, grew significantly in size, number, and influence. The cause of this was the need for a new way of transportation, the demand was great so the railways expanded all over the United States so that they could meet these demands. These large corporations affected the economy by making it easier to pay for everyday chores, politics in the way that it gave politicians too much power but in doing so gave normal limited power. The corporations had great power and influence which made them a huge impact to society.

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921 Words | 4 Pages

Gilded Age The Gilded age was known for all the fantastic innovations throughout the time period, but when looked at a little closer, all the scandals and corruption can be seen underneath the reforms and inventions. Not to say that this corruption undermined all the new and improved systems in the age; it was just another of the many things that America could learn from. Some of the reforms are for monopolies, railroads, and the civil service system.

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It removed workers from the confinement of the production line and placed them into the issues of a broader society; for the first time in American Industrial history, the laborer became a consumer rather than as an expendable piece of the greater production process. As explained by Gompers, “a man who goes to work at 8 o’clock in the morning… requires a newspaper; while a man who goes to work early… and stays at it late at night does not need a newspaper, for

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Implementing these systems enabled Walmart achieving significant cost advantage as they had eliminated wholesalers which saved them 5% sales

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