The Impact Of Big Business During The Gilded Age

Superior Essays
From 1870 to 1900 American had a huge growth in its industry and size. In this time period was called the “Gilded Age.” This was the name Mark Twain called it. He refers this to be the period everything on top seem to be sparking and glittering but underneath it’s all corrupt. This essay will be talking about how big business,during the gilded age, sprung up and took control of the economy, political system, and the response the American people gave. Big business had a huge impact on the economy. America became an industrial powerhouse. America became more familiar with the natural resources and export goods overseas. Even immigrants started coming over to America provided more labor. People start getting more and more wealthy. That’s when big business began to strike up and growth in corporation raised. Once these business got bigger it formed “Robber Barons,” the leaders on the industry. J.D. Rockefeller and Andrew Carnegie was the leaders of the industry with Rockefeller standard oil and Andrew steel. The government tried to protect this by charging taxes. Another impact is that technology brought changes to the way people work. In document 2 its says that the modern manufacturing has system has been brought into a condition analogous to that of a military organization. They …show more content…
The railroads being able to make different time zones in the U.S. so telling time on one side of the world would be easier while also thinking about the time on the other side of the world. Also, the robber barons were bad and some people like Thomas Vast tried their hardest to end the dishonest that ran rampant. In response to these changes the people turned to labor unions and political parties for advice and help. This Era paved the way for the time periods to come, The Progressive

Related Documents

  • Great Essays

    The “period of rapid development in the East and expansion in the West produced a wave of land speculation that resulted in economic periods of boom”(Boundless). The Market Revolution had a major impact on the United States that helped the country make its way to becoming a world power. Additionally, the Market Revolution boosted the US economy and increased the overall wealth of the country. Inventions such as the steam boat, sewing machine, and railroads were created during this time. The Market Revolution was influenced by the urbanized population who brought over ideas, and new ways of doing…

    • 2403 Words
    • 10 Pages
    Great Essays
  • Great Essays

    Basically it was considered a capitalist economy. The rounding of the cape and the discovery of America opened up this economy for the rising bourgeoisie. This happened because this opened up new markets to trade with and these markets continued to grow rapidly according to Marx. Since the markets were growing rapidly the manufacturing could not keep up and was replaced by the modern industry. The modern industry was able to keep up the rapidly increasing demands.…

    • 1271 Words
    • 6 Pages
    Great Essays
  • Superior Essays

    In the mid 1800’s, the United States went through an era of innovation where small businesses started to turn into large and powerful industries, causing the country to turn from a rural to urban society. This period of time is known as the Industrial Revolution, or the rapid change in the economy marked by the general introduction of power-driven machinery. The Industrial Revolution had many positive effects on our country, for it caused citizens to unite, led to urbanization, and created a significant amount of economic growth for the United States. Although, with these benefits came drawbacks. It led to long work hours, child labor, and pollution.…

    • 1475 Words
    • 6 Pages
    Superior Essays
  • Superior Essays

    The United States had progressively become more and more involved with foreign affairs in the 1860s-1920s. The United States ' influence had grown, just as much as the nation 's industrial power had grown during those years. Due to the United States growing imperialism "American 's were increasingly aware of themselves as an emerging world power." The United States ' surge of imperialism was aided by its drastic increase in military strength, and massive industrial and agriculture production. America began to get involved in foreign affairs because the nation started to feel as if it has a sense of duty to police and look over the world in a self righteous manner.…

    • 1944 Words
    • 8 Pages
    Superior Essays
  • Improved Essays

    The 1st Industrial Revolution contributed to the rise of capitalism as industrialization struck, businesses got bigger, the bridge between the one’s doing the work and the one’s in charge grew. The growth of these large firms is what advanced the wage labor based capitalist…

    • 642 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Progressive Era

    • 863 Words
    • 4 Pages

    In the “New America” that was developing, there was economic prosperity for the wealthy elite. The largest contributor to the national economic boom was the transcontinental railroad. The railroads started in the North, where the upper class was doing business in a Laisse-Faire Capitalism type manner. There were new markets for businesses to explore in free markets with limited competition. This led to the formation of corporations, monopolies, and trusts.…

    • 863 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The textile industry is a popular subject that comes to mind when thinking about the industrial revolution.The sales of the spinning jenny and other textile advancements were massively popular and therefore helped improve the economy. The textile industry became so big, it had a revolutionary effect on Britain's economy. The ever improving textile inventions helped to continue Britain’s economic growth. The spinning jenny and the water frame were eventually used to create more profitable inventions that had to do with energy like the steam engine, this caused even more economic growth. With new inventions that made even more money, the textile industry grew and was able to produce more yarn and faster spinning techniques, which in turn led to the economy growing even more.…

    • 916 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    The industrialization of America made way for a booming economy and, not long after, an increase in worker’s rights and government regulations. It is through hardship that a nation will either perish or prosper, and the U.S. definitely flourished under the pressure brought on the industrial…

    • 1354 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    For example, during this time big businesses, like the steel company, grew massively and became very successful. Andrew Carnegie, the robber baron of the steel industry, grew very wealthy with the achievements of his company (Doc D). Andrew Carnegie’s book on the Gospel of Wealth displayed that the wealthy people of society’s purpose is to help the poor. The belief of the wealthy having to help the poor grew with the widening gap of wealth in society. This shows how industrialization affected the social aspects of society because with the success in large businesses the rich became richer while the poorer class is left behind.…

    • 1115 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    During the 19th century, the United States went through a great deal of change due to industrialization, the growth of businesses, corruption in government, and immigration. All of these impacted the reason for corporations to expand and become more advanced. After the Civil War urbanization and immigration seemed to boom. Immigrants from Asia, Southern and Eastern Europe were looking for a new way of life in America. However this lead to many positive and negative changes in America.…

    • 850 Words
    • 4 Pages
    Improved Essays