The Big Business And Economy - 1512 Words

The big businesses that dominated the United States during the nineteenth century should not be considered Robber Barons. Although some people’s livelihoods were destroyed, they were not setting out just to ruin people’s lives. They wanted to industrialize, make money, and make the United States’ economy more stable. If they continued to operate on a small scale, then the money would continue to be scarce for everyone as it had been in the past. They had to do something different in order to see any kind of change in the way things were going. Without people willing to try new innovative ideas, we would have never become this huge industrial powered nation America is today. The bigger businesses often swept up many of the smaller businesses in the process of industrializing, but in the end it all worked out to make the American economy better and avoid more depressions. In John Tipple’s Big Business and Economy, it is clear that he believes that the big bu sinesses of the late nineteenth century were Robber Barons. Before the Civil War, businesses were operated locally. After the Civil War, the railroad allowed everything to industrialize and operate over a larger area. The needs of the people were very high after the Civil War. Rich resources allowed businessmen the opportunity to gain wealth. New inventions and discoveries allowed businessmen to take this wealth and turn it into even larger amounts of wealth. However, the wealth was not evenly distributed; it wasShow MoreRelatedImpact of Big Business on Politics and the Economy Essay849 Words   |  4 Pageshands-off approach towards business. Under the laissez-faire principle, free, unregulated markets led to competition, yet this system suffered under the wrath of growing corporations. The impact of big business on the economy and politics was immense during 1870 to 1899. Corporations were growing significantly in number and size, which had a domineering affect on American econo my and defined American life. The growing corporations in America dominated most of the economy, creating a large gap betweenRead MoreHow important was big business in the growth of the US economy in the years 1890 to 1919?2274 Words   |  10 Pagesï » ¿BUSINESS UNIT 1: http://www.tutor2u.net/blog/index.php/business-studies/comments/aqa-as-business-buss1-exam-topic-tracker http://www.tutor2u.net/blog/index.php/business-studies/comments/aqa-buss1-weekly-revision-quiz-week-4 http://www.tutor2u.net/blog/index.php/business-studies/comments/aqa-buss1-weekly-revision-quiz-week-2 Starting a Business This section provides students with an introduction to the scope of Business Studies within the context of starting a new business. 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With his emergency session of Congress to enact the first part of his New Deal and within two years complete the second part of this agenda. The goal was for the government to intervene within the economy and create stability for businesses and their workers. The New Deal conserved Big Business to the extent in which they couldRead MoreThe Importance of Small Enterprises in the United States1126 Words   |  5 Pagesa small business. Small businesses are incredibly important to the United States economy. Small businesses have been around from the beginning of the history of the U.S. and remain a large portion of the business community today. Small businesses are the driving force for job creation. Small businesses struggle to meet regulations set in place by the government and at the same time stay afloat in the U.S. economy. Th ere are strict size standards set in place that make small business owners weary