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Methods Of Big Business In The Late 1800s

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The methods of big business in the late 1800s were beneficial to americans because it provided a surplus of jobs. During the late 1800s there were two different main strategies for mass production: vertical integration and horizontal integration. Vertical integration is owning all steps of the manufacturing process, transport, factories, etc.. Andrew Carnegie practiced this strategy, he manipulated the industry. Therefore, his cost of doing business was lower, he was able to lower his prices, beat his competitors’ prices, and eventually buy them out. Since he was able to buy them out, he expanded factories and needed to hire more workers. John Rockefeller used the business strategy of horizontal integration, which means to own all business

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