Why did Big Business emerged during the Industrial Revolution
A. Competition between businesses became unnecessary
B. Labor unions demanded and won higher wages
C. New technologies required investment of more capital
D. Government passed laws Regulating monopolies

Respuesta :

New technologies required the investment of more money. Option C is correct.

The term 'Big Business' arised in the late 1800's commercial as a derogatory term for large corporations and unfair business practices.

The Big business dominated the economy in the late 1800's. Furthermore, the economy was also led by corporations that operated in the oil and petrol business, the steel industry, the railroads, textiles and food production that operated vast complexes of factories, warehouses, offices, and distribution facilities.

Big Business emerged during the Industrial Revolution as new technologies required investment of more capital.  

Further Explanations:

The Industrial revolution was the era that changed the whole production industry as it transformed the whole producing procedures in the industries somewhat around in 1840. The transformation involved hand production practices to machine production. An increase in the use of steam and tidal power source, mechanical tool, and rise of mechanized factories was observed during the era. Textile industries were the most dominant one as it was employing a large mass of people. Britain was the first nation to adopt the Industrial advancement and introduced numerous technologies into the world. It became a leading commercial nation during the 1800s establishing colonies in North America, the Caribbean, and India with the help of its advancement.  

The advancement helped a lot in the development of the nation but at the same time, it was requiring a large amount of capital for its establishment as it required setting up large industries or businesses. Investing such a huge amount was very risky as its failure would have ruined the nation economy fully.

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Answer Details:

Grade: High school

Subject: US History

Chapter: Industrial Revolution

Keywords:

Industrial revolution, transformation, producing processes, United States, Europe, hand production, hand production, steam, tidal, mechanized factories, mechanized factories, commercial nation, North America, Caribbean, India, colonies