1800s businessmen realized they could gain more control over their industries through mergers and trusts. They bought up similar companies, merging them into large trusts which issued stock shares to bring in new capital for expansion. By 1904, about 300 trusts had absorbed over 5,000 once-independent businesses through this method of consolidation.

1. • 1800s business men realized they
could gain more control of their
industry with the help of modern
technology
• Many of these businessmen bought a
lot of the companies that were similar
to theirs merging them into trusts
• trusts issued stocks or shares in the
company, that brought in new capital to
fund additional expansion
• By 1904, about 300 of these
companies had absorbed more than
5,000 once-independent businesses

2. • Andrew Carnegie- rose from poverty and ultimately gained
control of the entire US Steel industry. Gave millions of dollars
to advance education, establish public libraries, and promote
world peace.
• Henry Ford-inventor of the Model T, and revolutionized
modern America with the automobile. Also revolutionized the
factory lifestyle with the production of the Assembly Lines.

3. • John D. Rockefeller- the founder of US Standard Oil. By
1880 he controlled 90 percent of American Oil.
• J.P Morgan-used his banking knowledge to turn US
companies into industrial giants

4. • four principles that go into the assembly lines are:
interchangeable parts, continuous flow, division of labor, and
reducing wasted effort.
• interchangeable parts meant making the individual pieces of
the car the same every time
• Conveyor belts helped with continuous flow
• Every worker had one specific job to do
• Ford's manufacturing principles were adopted by countless
other industries
• The assembly lines changed the nature of factory life and
American business