Title: Rise of Big Business: US History for kids ***
Headings: Rise of Big Business
Rise of Big Business
Content: A Holding Company owned the stock of companies but did not produce anything themselves. The establishment of a Holding Company allowed for all of its companies to be merged into one massive organization. By the beginning of the 1900's the United States had over 300 holding companies. Ordinary Americans started to clamor for reforms during the Progressive Movement and Progressive Reforms were made at city, state and federal levels. The Rise of Big Business and Corporations in America
The Rise of Big Business and corporations therefore continued into the 20th century. the major sectors of the nation's economy were dominated by a small number of massive corporations. Big Business and Corporations had control over the railroads, banking, steel, oil refining, meat packing and manufacturing. The number of millionaires in America exceeded 4000. The Rise of Big Business had brought positive benefits to the economy of the nation and helped to improve the lifestyles of many Americans but their power also led to the abuse of workers and the corruption of the political system. For additional facts and information refer to Industrialization in America.