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7 December, 17:47

Which industries produced great profits and wealth in the late 1800s

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  1. 7 December, 19:53
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    Answer: the industries that rise as giant businesses in the 1800s were:

    - railroads (network grew rapidly)

    - Oil refining. Rockefeller formed standard oil company.

    - Steel industry. Carnegie was a well known company owner in this industry.

    -Morgan and Carnegie consolidated to form u. s. steel company

    -meat packing industry - Gustavis Swift

    Explanation: in the the late 1800s the business organization (corporations, dividends, trust, consolidation-cheaper goods, pool) was a national creed, there was also a philosophy of business and laissez-faire, "gospel of wealth". Besides, social darwinism let the rise of giant businesses.
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