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.