Name:________________________________ Date:_______________ Pd:______

The Rise of BIG Business Cornell Notes

Directions: Read pages 550-555 and complete the following notes page.
Key Concept and Questions Notes that help to answer the question (bullet format)
Revolution in Technology &
Mechanization (p.550-551)
Describe the advances brought
on by the work of Edison, Bell,
Ford, & Wright Brothers.

How did the Railroad industry

develop after the Civil War?
What impact did this have on
further industrial
development?

Why was technological

innovation the most
important factor to the 2nd
industrial revolution?

How did mechanization

increase productivity in
businesses of all kinds?

Expanding Market for

Goods (p.551-553)
What were the mail-order
houses? How did they link the
nation’s farmers with the urban
areas?

How did chain stores and

department stores help to
develop the “economies of
scale”?
 Key Concept and Questions Notes that help to answer the question (bullet format)
Integration, Combination &
Merger (p.553-554)
How did the business cycle
contribute to growth of large
businesses?

Explain vertical integration:

(Give examples)

Explain horizontal integration:

(Give examples)

How did the Sherman Anti-

Trust Act impact such business
types?

Gospel of Wealth (p.554)

How did some business leaders
use the “Gospel of Wealth” to
justify ruthless actions?

Describe the actions of Jay

Gould:

Describe the actions of Andrew

Carnegie:

How did Carnegie also act as a

philanthropist and change
ideas about the “Gospel of
Wealth”?