Big Business

TEXTBOOK

Business and Industry

What is a business simple definition?

Definition: A business is an organization or entity that sells goods or services for a profit.

The important part of this definition is that a business is something that operates in order to make a profit.

in·dus·try

/ˈindəstrē/

noun

1.
economic activity concerned with the processing of raw materials and manufacture of goods in factories.

Main Ideas:

Railroads Lead the Way

Geography shapes the physical, economic, and political challenges a region faces. The spread of railroads across the country encouraged America’s expanding economy.

Inventions

Innovations in technology and business help build a nation’s industrial power. Inventions improved the transportation and communication networks that were vital to the nation’s industrial growth.

The Age of Big Business

Innovations in technology and business help build a nation’s industrial power. Corporations changed the American economy of the late 1800s.

Industrial Workers

Reactions to social injustice can lead to reform movements. Workers organized to demand better pay and working conditions.

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