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.

Lowered production costs Assembly line: Products made faster, cheaper, and more accessible to average consumer.

Faster transportation New markets were created. Trains reached small towns in addition to cities.

Easy access to materials and energy Trains shipped raw materials and finished products. Electricity ran machines more efficiently.

Inventions Mechanization (e.g., the reaper) reduced farm labor needs and increased production.

Advertising More consumers = more profits. Creation of mail order catalogs and chain stores.

New ways to borrow money led to creation of new businesses. Financial resources New ways to borrow money led to creation of new businesses. END.