View
47
Download
0
Category
Tags:
Preview:
DESCRIPTION
Reasons for Rise in Big Business. Captains of Industry Vanderbilt Carnegie Rockefeller. Immigrant Labor. D ue to immigration, there was a larger a vailability of people ready to join the work force. Lowered production costs. Assembly line: - PowerPoint PPT Presentation
Citation preview
REASONS FOR RISE IN BIG BUSINESS
Captains of Industry
Vanderbilt
Carnegie
Rockefeller
Immigrant Labor•Due to
immigration, there was a
larger availability of people ready
to join the work force.
Assembly line:
Products made faster, cheaper, and more accessible to average consumer.
Lowered production costs
•New markets were
created.
•Trains reached small
towns in addition to
cities.
Faster transportation
•Trains shipped raw materials and finished
products.
•Electricity ran machines more
efficiently.
Easy access to materials and energy
Inventions
•Mechanization (e.g., the reaper) reduced farm labor needs and
increased production.
•More consumers = more profits.
•Creation of mail order catalogs and chain stores.
Advertising
•New ways to borrow money led to creation of new businesses.
Financial resources
END.
Recommended