In the late 1800s, several businesses and industries arose. With a large number of new businesses and industries came various business techniques and innovations. These business techniques and innovations included consolidation, vertical integration, horizontal integration, trusts, and monopolization. John D. Rockefeller, Andrew Carnegie, and other captains of industry all used and practically created the listed business techniques.
Consolidation is the act of combining smaller companies to create larger ones. An example of this is the railroad. The more considerable railroad companies would buy the smaller companies or even drive them out of business. As a result, there would be just a few large companies and even fewer small companies. Cornelius
Consolidation is the act of combining smaller companies to create larger ones. An example of this is the railroad. The more considerable railroad companies would buy the smaller companies or even drive them out of business. As a result, there would be just a few large companies and even fewer small companies. Cornelius