USA HISTORY

Detailed explanation-1: -Big business grew in the late nineteenth century when new sources of power such as the steam engine, coal, and electricity drove the machines in larger factories that organized production under one roof. Companies could now mass produce standardized goods faster and more efficiently.

Detailed explanation-2: -How did business leaders in the late nineteenth century utilize vertical integration? They maintained control of production and distribution of their products. They allowed market forces to dictate how their products were distributed.

Detailed explanation-3: -Many factors promoted industry, including cheap labor, new inventions and technology, and plentiful raw materials. Railroads rapidly expanded. Government policies encouraged growth, and large corporations became an important part of the economy.

Detailed explanation-4: -By the end of the nineteenth century, Standard Oil, led by John D. Rockefeller, dominated the refining and distribution of petroleum products in the United States, and extended its reach well beyond the nation’s borders.