Reasons for Rise in Big Business
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Transcript of Reasons for Rise in Big Business
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REASONS FOR RISE IN BIG BUSINESS
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Captains of Industry
Vanderbilt
Carnegie
Rockefeller
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Immigrant Labor•Due to
immigration, there was a
larger availability of people ready
to join the work force.
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Assembly line:
Products made faster, cheaper, and more accessible to average consumer.
Lowered production costs
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•New markets were
created.
•Trains reached small
towns in addition to
cities.
Faster transportation
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•Trains shipped raw materials and finished
products.
•Electricity ran machines more
efficiently.
Easy access to materials and energy
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Inventions
•Mechanization (e.g., the reaper) reduced farm labor needs and
increased production.
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•More consumers = more profits.
•Creation of mail order catalogs and chain stores.
Advertising
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•New ways to borrow money led to creation of new businesses.
Financial resources
END.