The Rise of Big Businesses

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Presentation transcript:

The Rise of Big Businesses By Zoe, Marissa, Jia, and Ethan

Corporation A business that is owned by many investors

Trust A group of corporations that unite under one board of directors

Monopoly A monopoly is a corporation that owns a majority of an item meaning they can control price

John C. Rockefeller Big in Oil Industry Introduced The Standard Oil Trust Created a monopoly on oil by buying out or destroying other oil companies By 1886, his company controlled 95% of America’s oil A large business mogul, he was one of the first to become so wealthy off off a monopoly

Other Monopolies Other Industries copied Rockefeller and created monopolies on items such as: Railroads Meatpacking Sugar Whiskey Tobacco

The Public’s Concerns of Trusts Too much influence on politics Too much influence on price Products could be cheap quality

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