America became very industrial and its “economy was dominated by business monopolies or trusts, huge business empires that virtually controlled key sectors, and that in turn were under the authority of single men”. Trusts also included more agricultural demands like meat and cotton. The business models of today’s society is built very similarly. Supplies were in high demand for World War I, so the American economy boomed even more with the war orders. The war encourage business expansion and optimism for economic prosperity. It also “increased use of electric power, but also the techniques of mass production”. Americans now consistently using electric power and mass production is normal and expected of businesses. Corporations also offered different scales of capitalism whether it was big or small. Small and large businesses could coexist and possibly even merge into a bigger company. These practices could “offer an outlet for savings and higher income and advancement based on ‘merit’ without the obstruction of nepotism”. There was also the benefits of stability, better pay “with higher productivity, as well as pensions, profit sharing, recreational facilities, and even advancement from blue collar to white and prospective advancement up the corporate ladder”. Work became more in favor of the people that helped create the economic prosperity and current employee benefits. It became the cause of materialism and offered “technique, equipment, labor power, and resources”. Capitalism was a mindset of input and output and how to become efficient “in the allocation of resources and in the production and distribution of goods and services”. Corporations and businesses not only helped the economy, but it seemed to help their employees that reflects in today’s economy and
America became very industrial and its “economy was dominated by business monopolies or trusts, huge business empires that virtually controlled key sectors, and that in turn were under the authority of single men”. Trusts also included more agricultural demands like meat and cotton. The business models of today’s society is built very similarly. Supplies were in high demand for World War I, so the American economy boomed even more with the war orders. The war encourage business expansion and optimism for economic prosperity. It also “increased use of electric power, but also the techniques of mass production”. Americans now consistently using electric power and mass production is normal and expected of businesses. Corporations also offered different scales of capitalism whether it was big or small. Small and large businesses could coexist and possibly even merge into a bigger company. These practices could “offer an outlet for savings and higher income and advancement based on ‘merit’ without the obstruction of nepotism”. There was also the benefits of stability, better pay “with higher productivity, as well as pensions, profit sharing, recreational facilities, and even advancement from blue collar to white and prospective advancement up the corporate ladder”. Work became more in favor of the people that helped create the economic prosperity and current employee benefits. It became the cause of materialism and offered “technique, equipment, labor power, and resources”. Capitalism was a mindset of input and output and how to become efficient “in the allocation of resources and in the production and distribution of goods and services”. Corporations and businesses not only helped the economy, but it seemed to help their employees that reflects in today’s economy and