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Today large-scale business operations have been on the rise since the late 1800's and are continuing to grow. When the United States entered the second stage of industrialization, which was powered by a great technological change, the working force also changed. During the late 1800s, the United States had the great experience to see businesses thrive by gaining an increase in profits and efficiency. The United States has greatly benefited from the big businesses taking charge, however some people have different opinions. Now, since the United States has entered into the twentieth century, it has to decide whether the rise of the big business is beneficial to all in society. From the view of the big businessmen, it is evident that they have benefited in a great many ways. However, are they getting their benefits at the expense of the smaller businesses, factory workers, and the consumers? At this time, the smaller businessmen have had to deal with the harmful effects of the rise of the big business. The United States is also entering a time when factory workers are being driven out of jobs. Are the factory workers only receiving the harmful effects of the big business, or do they have to deal with the harmful effects before they can see the benefits? What will this do to their futures, and the futures of their families?
The big businesses have definitely benefited from the wealth of the economy. Large-scale production has become a growing force in our society. Due to the large businesses all around, other areas have benefited from their success and made the big businessmen very wealthy. People such as Andrew Carnegie, and Henry Frick have benefited from the progress in the United States economy. Because other areas have become so well off, the growth of the industries has improved at a dramatic rate. When we look at all the retail chains coming into the towns, it is evident that consumer goods are being sold at a rapid rate and brand names are increasing. America has surpassed other countries such as England and Germany, which have been rival countries in this growing market, due to the fact that the goods are always readily available in our country right now. One can also see how much the United States is surpassing other countries because the standard of living is so much higher than theirs. The big businessmen have helped to bring this success to America. The businessmen of today are energetic leaders. They have used their money to get to where they are now, and the result has been lowered costs and expanded production. They took the risks to help make this country what it is today, and it has benefited the entire nation. Big businessmen have also benefited the United States by bringing culture into America. Educational institutions are on the rise and the increase for skilled labor has become a great necessity. The big businessmen have also contributed to our economic development and stability.
However, many people don't agree with the big businessmen coming in and taking over. They feel that the big businessmen, along with the businesses they have brought in, have had negative effects on the society, and people. Small businesses have been driven out and created many problems for a lot of people today. The big businessmen have come in and dominated everything. They dominate the wages, prices, and working conditions, and small businesses have gone bankrupt (Business in an Industrial Age, 66). The monopoly has taken over all of the competition and some wonder if this is good for our economy. Let us take time to remember the book titled, The Gilded Age, written by Mark Twain and Charles D. Warner, published in 187. The book described the corruption behind the success (Business in an Industrial Age, 66). Many people believed that the big businessmen, formally termed as "robber barons," took advantage of the less fortunate. Is that what will continue to happen as we enter into the twentieth century? Many questions of morality are debated with the rise of big businesses. One common question is whether or not the big businessmen are using moral tactics. This question is often asked, however, some people don't pay attention to it because they believe that the benefits of the rise of the big businesses far outweigh the harmful effects. It is also shown that because we have put too much power into only a small amount of people we are slowing our economic growth (Business in an Industrial Age, 67). Something that has also made a huge impact on the big businessmen is the huge advancement in technology. Even though it has been great for our society, machines need a lot of care and attention. Sometimes businessmen end up taking care of and repairing the machines, and that can be much more of a hassle than the businessmen want to deal with.
Small businessmen have also been greatly affected during this time; for example, small businesses have had to turn to bankruptcy. They are being driven out by the big businesses and this is greatly affecting many families who depend on their businesses as a source of income. Many believe that these big businessmen are only out for themselves, and will do anything at the expense of another. However, one thing that did seem to help the small businesses was the modern technology that has been developing. It has helped to drive out poverty and helped to speed up production. Producers are able to produce goods faster, which makes them available to the consumers and workers at a faster rate. Another benefit has been the rise of the limited liability corporation. Due to the rise of this limited liability the United States is able to grow faster and is able to take more risks. When a family owns a proprietorship, they have the risk to lose everything if it fails. With the invention of the limited liability, it has become possible for businesses to develop with a safety net.
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Another group of people that have been affected by the rise of the big businesses is the factory workers. Factory workers have been pushed out. More machines have been introduced and there is now an increase in the need for the semi-skilled laborer. Because laborers have been needed for only semi-skilled work, many people have recently lost jobs. If factory workers don't lose their jobs, they begin to lose hours of work because the production is being done at a much faster pace. Because factory workers have not been needed as much, families are also being greatly affected. The technological innovations were harnessed to production. The more machines that were invented, the more workers have been pushed out of jobs. However, production has risen. Not only are people in the factory getting pushed out of jobs, but workers in the agricultural field are losing jobs, due to the invention of certain machines. People are able to work their lands faster, and are able to produce faster which means that laborers aren't needed to work as long. What will this do to the future of our work force? What will this do to the future of our children? Is it beneficial, or not? It looks as though, workers will have to go through more bad experiences, such as losing jobs, before they can reap the benefits of the big business.
After reviewing the condition of the United States, I believe that the economy is in a good position right now and that the rise of big business has helped to push it along. When looking at the people affected by this current wave of industrialization, I believe that most of the United States citizens will benefit from it. Some of the Americans are dealing with harmful effects right now, but hopefully it will soon change. I believe that even though the United States is going through some rough times, the rise of the big business will provide more jobs in the future for everyone, and hopefully we will be able to hold them for some time to come.
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