Nobody downloaded yet

Big business - Term Paper Example

Comments (0) Cite this document
ROOSEVELT Theodore Roosevelt was president of the United States during a time of economic consolidation. Capitalism was coming into its own, and some of the largest and most famous American companies were beginning to flex their muscles. Big oil companies and banks had power like they had never before had in American history…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.9% of users find it useful
Big business
Read TextPreview

Extract of sample "Big business"

Download file to see previous pages But others were not happy with these developments and thought these companies and men had too much power and they sought to challenge them with new laws. Economic power should never be so consolidated that it eclipses the needs of the Republic. Roosevelt considered himself a progressive, and he felt that many of these new big companies, the trusts, were having a negative effect on ordinary American lives. He felt they needed new regulations and rules in order to do business more fairly. When he looked at the American economic scene, he saw workers being exploited, shoddy products being created, a lack of competition, and a sense of impunity. Not only were these things unjust in their own way, he believed they would also be economically detrimental in the longer term. He decided to challenge the Robber Barons and return power to the people. Importantly, he wasn’t going to challenge the right of someone to try to make such money or the system that produces such inequalities, but only the inequality itself. This, of course, was a delicate balancing act. There has always been a debate about how much influence the government should have over the economy. Indeed, this debate continues to this day with President Obama desiring more regulation and interference, and the Republican Party standing for freedom and less government intrusion. Then as now, it was true that too much interference would quash innovation. The longer it takes to start a business and the more oversight a business is subject to, the less innovative and profitable it will be. The higher the taxes a business must pay, the less profitable it will be. Government regulation can destroy businesses. However, Roosevelt didn't see it that way. He saw monopolies and trusts sprouting up everywhere, killing competition (Dalton, 204). He felt some minimum standards of regulation were required to prevent business from taking over government and exploiting people merely to increase the profit margin. What resulted from Roosevelt's desire to regulate American business and show them who was in charge? Three main pieces of legislation were rammed through Congress. Each has had a major influence on American life ever since. The first major change was to create the Department of Commerce which would oversee business and trade in the country. Roosevelt felt that there was not enough control wielded by the government over business and that business was free to influence any member of government. Creating a central department to deal with all of these issues would free him and other leaders to deal with other matters. Around the time Roosevelt was considering all of these issues, a writer by the name of Upton Sinclair wrote a book about meat production in the U.S. that illustrated the low quality of the food product and the manner in which it was disgustingly adulterated. The Jungle was actually intended as a claim for socialism, but it became a rallying cry for food safety and regulation. This book caused an uproar. Roosevelt was not convinced of its conclusions so he sent his own men to do an inspection of a number of factories. What they found appalled him. The quality of the meat and the conditions in the factories were unacceptable. He stood tall and passed an Act to ensure higher standards. The nineteenth century saw a significant increase in the sale of pharmaceuticals. But like food, they were often impure or mislabeled. These drugs could be ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Big business Term Paper Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from
(Big Business Term Paper Example | Topics and Well Written Essays - 750 Words)
“Big Business Term Paper Example | Topics and Well Written Essays - 750 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document


Should China be Promoting Big Business Groups

...phones and electronic appliances. China is affecting the US economy negatively and this has led to loss of jobs in many other ways. This includes their strategy to lobby for their successful enterprises. Note that china is highly dependent on the exports from the USA and this may affect its strategies. CONCLUSION According to the above facts, it has been made clear that if Japan want to promote large scale enterprises it might as well go right ahead for it maneuvered carefully and skillfully, it might help China to be fully developed. Taking the same route that some Asian countries took, it might bear hugely positive fruits. Looking at these countries, they include Japan and South Korea. There might be an Asian crisis, but that should...
12 Pages(3000 words)Essay


2 Pages(500 words)Essay

Arms Trade Is Big Business

...? Arms Trading – A Big Business 16 11 November 16, Arms Trading – A Big Business Arms trading, a vital source of income has always remained a controversial issue. The history of trading arms is as old as the human civilization. The underdeveloped countries with limited resources to create or invent weapons traded with countries well equipped with armors and weapons by offering money or other resources they had in abundance such as grains or livestock. The scenario is still the same while the weapons are being upgraded on everyday basis. With the passage of time, arms’ trading is not only getting stronger it is also becoming the most important concern and threat for...
3 Pages(750 words)Research Paper

Rise of big business

...October 17th Rise of Business after the Gilded Age Enormous economic thrive characterized the Gilded Age,which established ruthless pursuit of profits, corruption in the government, and vulgarity in taste and manners. This paper seeks to explore the expansion of large businesses and its effects to the society, in the gilded Age after the American Civil war. After the Civil War in America, the economy grew at a fast rate owing to the availability of natural resources, new inventions and a receptive market, therefore, this upsurge in industrialization after the American Civil War was fueled by the availability of natural resources, which were used in industries as raw materials and fuel. Presence of...
3 Pages(750 words)Essay

The Rise of Big Business in America

...?The Rise of Big Business in America Whereas the early growth of industry in the United s is oftentimes looked back upon with a feeling of warmth and/or a rose tinted view of the way in which business took place, the fact of the matter was that during this time industrialists such as Andrew Carnegie, John D. Rockefeller, and a litany of other entrepreneurial geniuses were utilizing exploitative tactics against their own employees and relentlessly destroying competition. Without such practices and general approaches to the business world, it is doubtful that any of these aforementioned industrialists would have been able to make name for themselves; not to mention amass...
3 Pages(750 words)Essay

Online AP Classes Are Big Business

...AP Online es AP ONLINE ES Question The AP online cannot be a supplement of the other college classes. Educational experts have stated that the course is only an approximation of the standard college course. Teachers who have taught in schools for years share the same thought when describing AP classes. Students in the country do not attain high scores who ranked in the educational system. It is no longer a place for those hardworking students who wish to avoid classes throughout the semester. The system allows the students not to attend introduction classes. All students agree that the introduction classes are important especially in the major classes. A system that allows one not to pay attention to major courses... Online es AP ONLINE ES...
2 Pages(500 words)Case Study

Why fear big business

...Why Fear Big Businesses Task Although railroads were very famous in the United s of America during the Gilded Age, the construction of and the greatest development occurred in Europe. In a matter of fact, George Stephenson who was a British engineer is best known as the "Father of Railways”. It is a significant reason as to why the cartoonist used a European Knight in the drawing. Another reason a European Knight is used in the in the illustration is the fact that industrialization only spread to the US after Europe had experienced it “firsthand” is it was where it began. Lastly, the big and powerful Knight against the weak worker is an impressive depiction of capitalism. Capitalism is...
2 Pages(500 words)Essay

Features of Big Business Companies

...Features of big business companies What were the main features of big business companies that made them different from other businesses? More output- retail, wholesale and distribution The big businesses have grown bigger because they engage in more output for their products. They do not merely sit around and wait to just carry out one for of business and expect to make it big. Most of the large companies deal with retail, wholesale as well as distribution of many of their products and services if not all. This ensures that there is more income coming in as it is a different form of...
3 Pages(750 words)Essay

Big business

...Costalli, S., Moretti, L., & Pischedda, C. . The Economic Costs of Civil War: Synthetic Counterfactual Evidenceand the Effects of Ethnic Fractionalization. HiCN Working Papers, 184. This paper provides an analysis of the role of the civil war in the destruction of the economy of a particular region. This paper directly relates to the topic of big business because it is virtually impossible for any business organization to achieve growth in an environment that is not stable. Civil wars and conflicts normally have the capability of destroying the economy of a given region, and this is better reflected in Iraq, Sub-Saharan Africa and various regions of the world, which are prone to civil...
3 Pages(750 words)Outline

Hardware Infrastructure in Any Big Business or Federal Organization

...The Challenges to Change Old/Obsolete Information Technology (IT) Hardware Infrastructure in Any Big Business or Federal Organization Institution: Name of Professor: Date: Scope Statement for the Challenges to Change Old/Obsolete Information Technology (IT) Hardware Infrastructure in Any Big Business or Federal Organization Project Title: The Challenges to Change Old/Obsolete Information Technology (IT) Hardware Infrastructure in Any Big Business or Federal Organization Prepared by: Student’s Name Date: 5th October, 2015 Version: 01 Project Objective: The project’s objective involves the identification of several needs and...
6 Pages(1500 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Term Paper on topic Big business for FREE!

Contact Us