Big Business and Industrialism

Big Business and Industrialism

1.  Vertical and Horizontal integration were great for personal business but not for other competing businesses .Robber Baron Carnegie is popular for this action. His version was to help the Bessemer Process which massively produced steel which was the company he was connected with.
2. Robber Barons Vanderbilt and Rockefeller used the same tactics to gain control of surrounding businesses by dropping their prices and stealing the competitors customers to drive them out of business then driving up their prices again because they were the only option.
3. Darwin's theory of survival of the fittest was accepted in this time period and social Darwinism was a common term used to describe and justify the different classes. Basically the rich were rich because they worked for it and deserved it and poor people were lazy and undeserving of the same opportunities they had which is not always true.