2. The Effect of Business and Industry on American Culture and Society
3. Business of America Big Business Tycoons of the 19 th Century Andrew Carnegie Henry Ford John D. Rockefeller Cornelius Vanderbilt J.P. Morgan Industry Corporation -Complex economy -No longer all small family businesses -New inventions and technology make this possible Eliminate competition and expand production - Monopolies - Horizontal and Vertical Integration - Trusts - Group ownership - One huge company - Wanted to control all production of their product