The Fathers of the Economy 1900's

The Fathers of the Economy 1900's

Economy in the United States through the years had up and downs, but since two thousand and nine we have been in a crisis. Contrary to this, in the late 19th century and early 20th century the economy and the success possibilities were extremely good. This was the result of a huge technological and industrial revolution. The creation of steam machines allowed companies to have less heavy work. In consequence farmers started migrating from their farms to the big cities, such as: New York, Pittsburg, Chicago, Detroit, etc. Work was easier for them in this companies and life was better than the one in towns. Some of these farmers started their own businesses which were very successful after the years. Businesses like Ford Motor Company and Standard Oil were pioneers with their products and got so big that they had a full control of the market. They had a complete monopoly. The American government went against these companies and broke them into many other small companies. I believe that this should not happen. There were other better ways to regulate companies with monopolies. They destroyed the hard work of many man, their vision, and their opportunities. Before the monopolies they were simple people with a dream, the American dream. Some of these simple people were very important for the growth of the United States as a global economy power, four of them were: Henry Ford, J.P. Morgan, Andrew Carnegie, and John D. Rockefeller. Because of them, we had a mass industrialization and an amazing economy growth. Each of them created a company which became a monopoly. Henry Ford gave transportation to the people with his cars. John D. Rockefeller turned a simple oil company into one of the most dominant companies in America. Andrew Carnegie helped build the greatest buildings and structures with his steel corporation. And J.P. Morgan saved the country with his bank.
When people from towns begin leaving their farms a problem started in the United States. Farmers were the...

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