1. how did business structures change during the late 19th century? 2. who were the leading industrial…

1. how did business structures change during the late 19th century? 2. who were the leading industrial tycoons? what did they achieve? tycoon name achievements john d. rockefeller oil creator andrew carnegie steel creator cornelius vanderbilt railroad creator 3. write one sentence that explains the connection between the two vocabulary words. term 1: term 2: sentence:

1. how did business structures change during the late 19th century? 2. who were the leading industrial tycoons? what did they achieve? tycoon name achievements john d. rockefeller oil creator andrew carnegie steel creator cornelius vanderbilt railroad creator 3. write one sentence that explains the connection between the two vocabulary words. term 1: term 2: sentence:

Answer

Brief Explanations:

  1. In the late 19th - century, business structures shifted from small - scale, family - owned businesses to large corporations through mergers and acquisitions. Vertical and horizontal integration became common strategies. For example, Standard Oil (John D. Rockefeller) used vertical integration to control all aspects of oil production and distribution.
  2. John D. Rockefeller: He founded Standard Oil and monopolized the oil industry through vertical and horizontal integration, amassing great wealth and influencing the development of modern business practices. Andrew Carnegie: He built a vast steel empire, revolutionizing steel production with new technologies like the Bessemer process, and became one of the richest men in history. Cornelius Vanderbilt: He dominated the railroad industry, creating a railroad network that connected different parts of the United States, facilitating trade and economic growth.
  3. Since no specific terms are given for the third question, an example connection could be: If the terms were "corporation" and "monopoly", a sentence could be "A corporation may become a monopoly when it gains exclusive control over a particular industry or market."

Answer:

  1. Business structures changed from small - scale to large corporations via mergers and integration in the late 19th century.
  2. John D. Rockefeller: Monopolized the oil industry. Andrew Carnegie: Revolutionized steel production. Cornelius Vanderbilt: Dominated the railroad industry.
  3. (No specific terms provided, example) If terms were "corporation" and "monopoly": A corporation may become a monopoly when it gains exclusive control over a particular industry or market.