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What business was the major force behind economic growth and the first big business for the US?
Wiki User
∙ 15y ago
The first "big businesses" sprang up in the late 1800's with the creation of large trusts in the U.S. These trusts were usually associated with the railroads.
If you're looking for a more in-depth information, I would research these individuals:
1. John D. Rockefeller - Standard Oil
2. James Pierpont Morgan - Banking and Securities
3. Andrew Carnegie - U.S. Steel
4. Cornelius Vanderbilt - Railroad Tycoon
These men were HUGE in the advancement of business and corporate activities in the late 1800's. They each developed extremely large "trusts" that combined multiple businesses into one large corporation or business (what most think of as a monopoly). Formal monopolies were against the law, so tycoons created these trusts to circumvent the law and bend the rules)
Wiki User
∙ 15y ago
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What is necessary for economic growth?
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Bcom 1yr business economic of ou?
imporatant questions in b.e first year
Why growth may not be the important objective of the business?
Before growth there are most important objectives for a business, first at all to make profits maximisation, business survival.So to be survived on the market,it will have to lower its prices of the products even though it will have a lower profits.
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Describe and analyze how economic stability is measured?
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