Big Business

Reasons for big business prosperity.

1. National markets created by transportation advances.
2. Captains of industry. (John D. Rockefeller- oil, Andrew Carnegie- steel, and Henry Ford- Automobile)
3. Advertising.
4. Lower-cost production.

Factors for growth.

1. Access to raw materials and energy.
2. Availability of a work force.
3. Inventions.
4. Financial resources.

Examples.

1. Railroad
2. Oil
3. Steel

Postwar changes in farm and city life.

• Mechanization
• Industrial development
• Access to more consumer goods due to mail-order