oct 1, 1888 - Rise of Industrial Capitalism

Description:

Vertical integration
Controlling all aspects of manufacturing (ie owning mines+processing+making of stuff) to reduce costs
Ex. carnegie
Horizontal integration
Acquiring firms that sold the same products to dominate one industry
Ex. Rockefeller with Oil

corporation
Limited liability- investors wouldn’t be super harmed if corporation went bankrupt
Brought stability
trust
Business monopoly- board of trustees from all the companies controlled everything

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