1. Why did Big business grow?
Reasons, Key terms, Cities & people

2. Reasons why big business grew…….
Availability of work force
People coming from the south
immigrants
National markets created by transportation
Goods getting to other places quickly
Allows people to have more goods/supplies
This creates the idea that they “need” them

3. Reasons why big business grew……
Lower cost production
Interchangeable parts
Factories
transportation

4. Reasons why big business grew……
Inventions
Electricity
Steam engines
Cotton gin
Agricultural machines
Communication: “talking wires”/morse code

5. Reasons why big business grew……
Advertising
Promoting businesses and goods
Financial Resources
More people with money willing to invest
More banks willing to lend
Access to raw materials and energy
Coal, gas, steel and other natural and manmade resources

6. Key terms
Monopoly
Exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices
Shareholder
a holder or owner of shares in a company or corporation
Dividend
A sum of money paid to shareholders of a corporation out of earnings
Captain of industry
The head of a large business firm

7. Industrial cities Pittsburgh, PA Detroit, MI Chicago, Il New England
Steel
Detroit, MI
Automobiles
Chicago, Il
Meat packing
New England
Textiles

8. Important people John d. Rockefeller Andrew Carnegie Henry ford
Standard oil
Andrew Carnegie
Steel
Henry ford
Automobile
Cornelius Vanderbilt
railroad