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- Big Business
- A Favorable Climate
- New Business Strategies
- Andrew Carnegie, an American from Scotland, arrived in the US at 12 years old, penniless. He was working at a train station and helped unsnarl a problem. His boss rewarded him greatly by giving him 10 dollars as a chance to invest in stocks.
- Government and Business
- This is not working out....
- People began believing in something called Social Darwinism, the idea that rich people were meant to be rich and poor people were meant to be poor. It was also believed that all this was established by God and that the government had no right to interfere with business because of this.
- Andrew Carnegie works to improve his steel business using both horizontal and vertical integration. He eliminated competition using these methods (and more) and was able to become by far the nation's top steel supplier.
- The US government released the Sherman Act which was supposed to make it illegal to create a trust that interfered with free trade between states or other countries and prohibit monopolies from happening. This act was put in place over fear of large corporations ruining the free competition. However, they have lots of trouble enforcing this act.
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