Industrialization and the Rise of Big Business: America's Transformation into an Economic Superpower

From the period of 1870 to 1900, the United States became one of the worlds

strongest and growing industrial nations. An industrial revolution that had begun with the

manufacture of cotton and woolen textiles had, by the beginning of the 20th, transformed

the take of close everyday goods. Ranging from food, clothing, appliances, and

automobiles, the enormous output of industrial payoff led to the rise of big business

as it coordinated methods of distribution and gross sales to forge an infrastructure for consumer

culture. The rise of corporations, such as Carnegie Steel, J.P. Morgan, and measurement Oil,

in the late 1800s, was able to dramatically shape the country politically, socially, and

economically and still continues to do so today through new modern finance and

monopolies.

Industrial growth was mainly fueled by a surplus in resources, immigration and

therefore cheap labor, and major technical advances that expanded the capabilities of

various industries. As technological advances transformed production and distribution, a

wave of inventions, including the typewriter, decipherable bulb, and automobile led into new

industries. Through this boom in business, leading learned how to operate many different

financial activities throughout the nation. Ultimately, they were able to drive larger and

the modern corporation was born into one of the most important roles in the future of

business.

These corporations seemed new for many populate in the country, but corporations

actually date back to the 16th and seventeenth centuries, where they were used by royalty and

governments to organize exploration and viable colonization. Many businessmen and

politicians had been suspicious of the corporation from the time it setoff emerged in the

late 16th century. Unlike the partnership form of business, which dealt with a small

amount of people on a personal level, the corporation uninvolved ownership from

management. In Adam Smiths The Wealth of...

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