The rise of big business

Business owned by many people

Shareholders own company

Stocks allow companies to raise large amounts of money

Mass production drives cost down

Laissez-Faire policies allowed for them

Companies "pooled" to keep prices high

Steel Tycoon

Oil Tycoon

legal agreement that allows one to manage another's property

Owns stock of other companies

Banking tycoon

First $1 billion company in the U.S.