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The new big businesses of the U.S. during the late 19th and early 20th centuries differed from traditional companies primarily in their scale and organizational structure. They embraced industrialization, utilizing advanced technologies and economies of scale to dominate markets, whereas traditional companies often operated on a smaller, localized scale. Additionally, these large corporations employed complex management strategies and sought to control entire supply chains, unlike traditional firms that typically focused on specific production processes. This shift led to greater concentration of wealth and power in the hands of a few industrialists.

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