This section contains 766 words (approx. 3 pages at 300 words per page) |
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Industrial Revolution's Influence on the Modern American Economy
Summary: Discusses the industrial revolution's call for more government involvement in American economy.
During the late 1890s, three men revolutionized Big Business in America. Three men almost single handedly industrialized the business world in the United States. And finally three men, though unaware at the time, spurred the necessity of government involvement within the realms of modern American economic development. These men were John Rockefeller, Andrew Carnegie, and JP Morgan. Nearing the turn of the century, these men saw many open opportunities and worked avidly to seize them. Though in the beginning, it looked as though these men's contributions were infallible, time soon made Americans aware of economic toils to come. Soon the realization of monopoly became quite clear to U.S citizens. As the empires of Carnegie and Rockefeller expanded, the railroad system's involvement in Big Business increased. Due to the fact that many railroad companies were just branches of the Morgan Empire, robber barons were able to tax the...
This section contains 766 words (approx. 3 pages at 300 words per page) |
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