The second industrial revolution took place roughly between 1870 and 1920. This revolution brought many changes to the United States, including mass produced goods rising in quality and variety. To sell these new goods entrepreneurs developed vast communication and transportation methods that led to the creation of a large nationwide market. The second industrial revolution was caused by the building more railroads, the increase in large scale steel and iron production, and the big increase in steam power. The connecting of railroads sparked the industrial revolution when the owners of railroads realized the railroads could only go as far as the land owner had owned land. They then saw how effective the railroads were for transporting goods …show more content…
Morgan. John Rockefeller was the leader of the country's oil industry. He was investing in oil refinery and used the profits he made to buy more refineries until he owned almost all of the oil industry causing him to have no competition and record huge profit. The second man was Andrew Carnegie who was the leader in the steel industry. Carnegie became successful by being the first person to use the Bessemer process which allowed him to make steel at a rapid rate. He started his mill in Homestead, Pennsylvania and began producing steel for the railroad workers and made a large profit in doing so. He then bought iron mine to make more steel, ships to distribute his steel, and warehouses to store his steel. He called his company the Carnegie Steel Company and became one of the more successful men of his time. The third man was J.P. Morgan who was the leader in the banking industry. Morgan invested in struggling companies and won a seat on the board of directors for being a stockholder. He then began buying up steel companies and putting them together into one big company. By the end of the revolution, he was head of the United States Steel company which included Carnegie