Social Sciences and History / Unit 2 SSH 0103 short lesson, about 20 seconds
Steel, Oil, and the Forms of Big Business
Captions available
The idea
Communications, electric power and steel were the decisive technologies after the Civil War. Carnegie in steel, Rockefeller in oil and Morgan in finance grew through vertical integration, horizontal integration, trusts and holding companies.
In practice
One firm owning the mines, the mills and the railroads between them.
Where people slip
Control of whole industries passed to fewer hands. The forms are sorted in the next video.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
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