Preview

Why Did Big Businesses Grow During The 19th Century

Good Essays
Open Document
Open Document
305 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Why Did Big Businesses Grow During The 19th Century
During the 19th century new inventors helped farmers, important people owned big businesses, the economy was thriving, etc. On top of that, businesses from small to big continued to prosper causing the economy to continually rise. However, big businesses contributed the most with the rise of the economy, and also caused most of the problems. Problems and benefits were the help of industrial giants that built their businesses, transfer of goods by railroads, and workers placed under bad conditions.

Industrial giants were people who wanted to become rich. Most of them started off poor with little money if not, no money at all. One industrial giant who started off poor was Andrew Carnegie who hired many employees, which decreased unemployment

You May Also Find These Documents Helpful

  • Satisfactory Essays

    DBQ Guilded age

    • 525 Words
    • 3 Pages

    Economically, Big businesses provided some of the country’s’ greatest source of wealth as well as granting unimaginable fortune to the owners and leaders of the businesses. They controlled the resources and might have very well controlled the prices of items itself; the huge drop in Document A is clear evidence of their influence. The Gilded Age witnessed the expansion of the scale and scope of American industry. Old industries like iron transformed into modern industries, such as U.S. Steel. The expansion of the nation’s rail system in the decades following the Civil War played a vital role in the transformation of the American economy. New rail lines created a national market and fueled a new consumer culture that enabled businesses to expand from a regional to a nationwide scale.…

    • 525 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    During the Industrial Revolution, Great Britain experienced increased population, trade and an expanded economy. In the 1850’s, population reached a staggering 266 million. Because there were so many people, and because Britain was making and exporting so many goods, new factories opened up. And because of this, many new jobs became available. This caused industrial capitalism. Industrial capitalism is an economic system that is based on industrial production. Because so many people were now in Britain, it became dense and urban. This caused many new factories to open up, which caused the production of all exports to increase, which led to industrial capitalism to grow in Great Britain.…

    • 108 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    It takes a great deal of bravery to influence an entire era, and one man succeeded to do so. Some of the greatest businessmen of all time, Andrew Carnegie, Cornelius Vanderbilt, John D. Rockefeller, and Henry Ford, fiercely competed for the top spot in the business word. They were ruthless businessmen and did everything they could to help their businesses succeed. All this fierce competition allowed for the great economic growth known as the Second Industrial Revolution. The Second Industrial Revolution was a great period of growth between the 19th and 20th century.…

    • 1307 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    They created so many job opportunities, built industries that benefited the whole country and gave away much of their hard earned money. Capitalists of the nineteenth century may have been considered robber barons but they were for the most part captains of industry. The American Industrial Revolution fundamentally changed politics, society, and the economy. Factory workers and consumerism had changed immensely in the Gilded Age; about 400,000 patents were made between 1875 and 1900 which signifies the departure of farming to the vast significance of industries. Trade Unions became an immense part in Urban communities since the people longed for shorter hours and higher pay rates.…

    • 1694 Words
    • 7 Pages
    Good Essays
  • Good Essays

    Industrial Revolution DBQ

    • 844 Words
    • 4 Pages

    The period of the late 1800s and early 1900s was a period during one of the biggest leaps in the industrial movement of America. The industrial revolution's leaders, including Andrew Carnegie, John D. Rockefeller, and more, provided the nation with much needed inventions and transportation, thousands of job opportunities, and one of the biggest waves of philanthropy the nation has ever seen. The industrial revolution was definitely a period dominated by 'captains of industry.'…

    • 844 Words
    • 4 Pages
    Good Essays
  • Good Essays

    During the Civil War a lot of people have lost their lives in battle. The Civil War was a fatal event that took place in the United States History which people know as the “First Modern War”. The civil war was caused by a numerous of reasons for example, the election of Abraham Lincoln, the fight between slaves and people who were not slaves and the States against federal rights. This essay will explain why did cities started to explode in population in the late 19th century.…

    • 919 Words
    • 4 Pages
    Good Essays
  • Good Essays

    There were many industrialist during the industrial revolution, one industrialist is Andrew Carnegie. Andrew Carnegie started the first steel industry, he was a famous industrialist and philanthropist. After his retirement he donated most of his money to establish libraries, schools, and universities, as well as a pension fund for former employees. Another famous industrialist was Henry Ford, he started the automobile industry also he invented the conveyor belt and the assembly line. In addition another effect is, the growth of labor unions. Before the formation of labor unions, workers weren't paid well, they had long hours, unsafe working conditions, and no job security. Then the formation of unions came, the purpose of a union is to protect the rights of their members by getting fair wages, better working conditions and job security for the workers. One union that was created was The Knights of Labor, this union was made up of skilled workers, male and female. This union was established by Terrence Powderly in 1859. Their goal was to gain an eight hour work day and higher wages and to end child labor. Furthermore, another effect was urbanization. Urbanization is when people move to cities because of industrialization for work in factories. During this time period many jobs were being offered to people so they can make money. These are three effects of the industrial revolution.…

    • 576 Words
    • 3 Pages
    Good Essays
  • Better Essays

    The reoccurring violence in Cairo Il caused a huge decline in the population over time. Riots, mobs, and lynchings were happening everywhere you turned. The main reason that lynchings were happening were from rapes. Another major event and events that happened that caused a huge decline in the population was all of the mob activities. What would cause such events like these to occur?…

    • 1098 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Big Business Dbq

    • 565 Words
    • 3 Pages

    In the years following the industrial revolution and the Civil war the United States began to emerge into an economic superpower. The corporations of the United States grew significantly in number, size, and influence as well. From the post Civil War period to the turn of the twentieth century America witnessed its greatest period of economic growth in American history. During this time the country became what it is today with thousands of technological advances and outbreaks. The growing economy led to the creation of big business. An example of big business is railroads. Railroads were America’s first big business and it did much to advance industrialization. The impact of big business on the economy, politics, and the American people were positive in changing the way of American life and America as a developing country.…

    • 565 Words
    • 3 Pages
    Good Essays
  • Good Essays

    During the late 19th century cities in America grew rapidly with many factors causing and challenging that growth in many different ways as immigrants moved from Europe, Asia, and even from southern states in America. New technology of improved conditions and automobiles led to opportunities for all people, and the drive for land throughout the west effected the development of most popular cities throughout the 1920s. Tycoons of companies were rising as technology improved, an inventor like Thomas Edison gave light (B) to cities and streets throughout America. Even the larger populated areas for the first time were lit with white light distributed throughout the city.…

    • 562 Words
    • 3 Pages
    Good Essays
  • Good Essays

    1873 Depression

    • 411 Words
    • 2 Pages

    In 1869 the railroads were completed, and was thought to be a stepping stone in American life. Although this was a historical event, the after-math of the railroads would affect the economy in a great way. Head officials and other non-producers were part of The Credit Mobilier scandal of 1872, which manipulated taxpayers and bullied them out of their fair share of land. Yes, some did get to keep their farms and stay on the land they thought was theirs, but in the end most ended up indebted to the government, which caused a downward spiral financially in the economy. Also after the railroads were built the need for steel and iron were not so much in demand and this caused many railroads and banks to go bankrupt.…

    • 411 Words
    • 2 Pages
    Good Essays
  • Better Essays

    In the nineteenth century a series of innovations in transportation and economic expansion transformed our economy from an agricultural standpoint to one now mainly focused on new methods of production and having an endless commercial ambition. Previously most american families would produce what they needed at home for subsistence and sold anything left over to local stores but, now our country has slowly shifted to an industrial economy where a bountiful of economic opportunities for the “common man” has emerged due to western expansion and the emergence of Northern trade through new ways of transportation. Farmers began to grow for profit and not self sufficiency and many factories and cities began to flourish.…

    • 1199 Words
    • 5 Pages
    Better Essays
  • Good Essays

    The rapid rise of industry led to social as well as economic changes. The second half of the 19th century brought a wave of immigrant laborers to New England, throwing the world of English-descended Whig Protestants into turmoil.…

    • 316 Words
    • 1 Page
    Good Essays
  • Good Essays

    The influential factors that contributed to the vigorous economic expansion of America during the 1840 's through the 1860 's, consisted of the Industrial Revolution, the Improvements in Transportation, and Internal Expansion, all played a vital role in helping form the dynamic economy.…

    • 752 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Where would Western civilization be without the “long” 19th century affects on the unconstrained and continuous progress it made in peoples lives? The industrial revolution was key for major inventions that would help boom the economy. For example, the steam power’s advantage was its efficiency in mass production and the only resources needed were water and heat. This is one of the many new inventions to help increase production at a faster rate and be more cheap. Labor laws were very poor when the industrial world was creating its start. There was a constant battle between the company owners and the working class for better working conditions. While working conditions improved so did the working class voice on their rights. Beforehand the…

    • 752 Words
    • 4 Pages
    Good Essays