Chapter 20

Chapter 20: Big Business And Organized Labor

Research Topics

Monopolies

Overview

How did Americans perceive the rise of monopolies? 1870-1914, Big Business, Rockefeller and the Oil Trust.

Economic growth in the late 19th century brought with it new forms of industrial organization. Seeking to lower costs and maximize profits, business leaders formed pools, trusts and holding companies. This process of industrial combination, as it was known, led to fears that business monopolies would hurt consumers and, through corrupt practices, undermine democracy.

Sources

Choose from the following titles:

  1. John D. Rockefeller on Industrial Combinations (1899)
  2. Henry D. Lloyd on the Lords of Industry (1894)
  3. Image: Carnegie Plant at Homestead, PA
  4. John D. Rockefeller
  5. Cartoon: Monopoly snake, 1881
  6. Story of a Monopoly (1881)
  7. Photograph: "Commodore" Cornelius Vanderbilt
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