Rise of Big Business

Advantages

• Economies of Scale 

• Cheaper Sources of Supply - were able to buy in bulk 

• Efficient Management - had specialized compartments 

• Formal management structure

• Ability to raise capital by issuing 

• Sherman Anti - Trust Act

• Interstate Commerce Act

• Robber Barons

• Andrew Carnegie 

• John D. Rockefeller 

• J.P Morgan

• Henry Flagler

• Corporations avoided restrictions by allowing stockholders to give their stocks to the board of directors a "trust" in exchange for "trust certificates" which would allow them to make dividends.

• Trustess would control the different companies as a single enterprise.