The rise of Corporations Businesses continue to grow during industrialization

The rise of Corporations With new workers and a growing economy, businesses grow to multiple owners With new workers and a growing economy, businesses grow to multiple owners Corporation: A business in which many investors own shares, usually called stocks Corporation: A business in which many investors own shares, usually called stocks

The rise of Corporations Money raised by corporations speeded up the growth of the American economy Money raised by corporations speeded up the growth of the American economy The fastest growing industries were the railroad, building materials, energy, and communications The fastest growing industries were the railroad, building materials, energy, and communications

The rise of Corporations As the economy boomed and industries grew larger, another type of business appeared: As the economy boomed and industries grew larger, another type of business appeared: Monopoly: A business that has complete control over a particular field of business Monopoly: A business that has complete control over a particular field of business

The rise of Corporations How does the gov’t feel about monopolies? Do we still have monopolies today? What is an example of a monopoly today?

The rise of Corporations The gov’t continued to follow the older principle of Laissez- Faire (non-interference) about big business The gov’t continued to follow the older principle of Laissez- Faire (non-interference) about big business Closer to 1900 as strikes happened more frequently the gov’t had to get involved and help the workers Closer to 1900 as strikes happened more frequently the gov’t had to get involved and help the workers

The rise of Corporations As the standard of living decreased for the poor and owners got richer, something had to be done As the standard of living decreased for the poor and owners got richer, something had to be done Unions started to form and the gov’t helped out where they could Unions started to form and the gov’t helped out where they could

The rise of Corporations Several Supreme Court decisions went in favor of the workers Several Supreme Court decisions went in favor of the workers Interstate Commerce Commission Interstate Commerce Commission -Ended abuses of the railroad -Ended abuses of the railroad Sherman Antitrust Act Sherman Antitrust Act -Made monopolies/trusts illegal -Made monopolies/trusts illegal

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