Big Business Dbq

Decent Essays
Throughout history, major corporations have taken control over nations. During the late 1800s and early 1900s big business have made a name for themselves in the united states. Even though, major corporations have had a positive impact on society, they in fact hurt our economy greatly.

Though the regulations on big businesses had a positive effect on the United states, it seems as if there are not enough. Within large corporations that are ran not completely, but partially by the government, there was a huge gap created that separated the rich and the poor. In the 19th century, during the Industrial Revolution, the structure of the United States economy was transformed. Rapid advancements in technology were made, causing factory owners to gain wealth and prestige. These advancements had a negative effect on the poor because it did not fit their daily spendings or budgets. There are two different regulations set towards big businesses, which are state regulation and federal regulation. A state regulation does not include regulations issued by executive branch agencies, decisions of federal courts,
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There are different types of businesses, for example, some use monopolies, trust and pools, while other eliminate competition for higher prices. As stated in “Progressive reformers regarded regulation as a cure for all sorts of socioeconomic and political problems” , “The Sherman Act of 1890 attempted to outlaw the restriction of competition by large companies that co-operated with rivals to fix outputs, prices, and market shares, initially through pools and later through trusts” , meaning, competition is the
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