The Rise Of Big Business During The Industrial Revolution

1241 Words 5 Pages
The Rise of Big Business The Industrial Revolution is when the American society switched from having an agricultural society to having big business. The transformations that took place in American businesses following the Civil War involved more than a change in just industrial techniques or productivity they also expanded in size and scale. There were three major businesses during the Industrial Revolution; the railroad, oil, and steel industries. With the rise of these three major businesses there were many prosperous effects but there were also many repercussions of the growing businesses.
John D Rockefeller and his company, Standard Oil, controlled the oil industry. With this company he controlled 90 percent of all oil manufacturing.
…show more content…
Rockefeller was creating trusts, legally binding arrangements that brought many companies in the same industry under the director of a single board of “trustees” (Visions, 476). The government couldn’t get in control of what the big businesses were doing because they had no legal standing to be able to get involved. The Sherman Anti-Trust Act of 1890 was proposed to empower the Justice Department to prosecute any illegal contract, combination, or conspiracy y among corporations that was designed to eliminate competition or restrain of free trade (Visions, 477). In the near future the Clayton Anti-Trust Act was passed to clean up and reassure everything the Sherman Anti-Trust Act had said because many big businesses were saying that the government should not be getting involved in their issues. Trusts had a huge play in politics because they would want a certain person in office because if helped their business so they would pay people, Tammany Hall, to vote their way. Having things such as Tammany Hall hurt politics because things went in their favor no matter what because people couldn’t afford to lose their jobs or their homes that Tammany had given …show more content…
These political machines were mostly associated to the Democratic Party because they wanted a change and democrats wanted higher tariffs (Visions, 504). Many big businesses in America wanted higher tariffs because then the foreign good would be more expensive and the American good price would also rise because their price would be lower no matter what. These political machines would also denounce nativism because the political machines needed the immigrants vote and to get that vote they would go and get a job from Tammany Hall and be forced to vote their way. But, nativists wanted immigrants gone because they were taking the jobs that they needed.
The nativist impulse was very great because many people didn’t want immigrants to take their jobs or the possible apartment or house that they could have had. In 1882, Congressed responded to the American workers by passing the Chinese Exclusion Act which barred Chinese immigrants from moving to the United States and also getting another job forcing them to either move back or be homeless (Visions, 506). By 1890, the government thought that immigration should be federally regulated and the government started putting restrictions on immigration and making it harder for them to get into the

Related Documents