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Rise of Big Business

Rise of Big Business. Ch.9 Sec.3. The Rise of Big Business. Rise of Big Business Before the Civil War, most businesses were small enterprises run by individuals The increase in manufacturing technologies and the expansion of the railroad led to larger businesses. The Corporation.

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Rise of Big Business

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  1. Rise of Big Business Ch.9 Sec.3

  2. The Rise of Big Business • Rise of Big Business • Before the Civil War, most businesses were small enterprises run by individuals • The increase in manufacturing technologies and the expansion of the railroad led to larger businesses

  3. The Corporation • Corporation – An organization owned by a group of people by treated by law as a single person • Stockholders – People who own a piece of a corporation • Stock – Shares of ownership in a company

  4. Economies of Scale • Economies of Scale – Corporations make goods more cheaply, because they produce so much product • Fixed Costs – Costs a company has to pay, whether or not it is operating (mortgage, taxes) • Operating Costs – Costs that occur when running a company (wages, shipping charges)

  5. Corporations in America • Corporation Advantages • Goods produced more cheaply & efficiently • Could continue to operate in bad economic times • Corporation Disadvantages • Discourages small businesses who can’t compete • Discouraged competition in the economy • Led to abuses in Constitutional rights

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