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What were some of the companies that dominated the industrial economy of the late 1800s?



This question is part of World History - Chapter 25 Test The Industrial Revolution
Asked by Wyatt Williams, Last updated: Feb 22, 2020

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2 Answers

E.Ruth

E.Ruth

Answered Feb 19, 2018

Some of the biggest companies that dominated the industrial economy in the 1800’s include Standard Oil Company (John D. Rockefeller), Carnegie Steel (Andrew Carnegie), New York Central Railroad Company (Cornelius Vanderbilt), and the banking house of J.P. Morgan. These corporations dominated every aspect of their respective industries. Standard Oil Company has the world’s largest oil refinery during that time and they control 90% of the country’s oil refining capacity.

Carnegie Steel was the biggest steel manufacturer. New York Central Railroad Company operated the major American railroads that connected the country, and J.P. Morgan Banking House was one of the most powerful banks in the world.

 

John Smith

John Smith

Answered Feb 27, 2017

By buying smaller companies or driving them out of business
 

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