• Industry Promotion Research
• /
• v.5 no.4
• /
• pp.91-100
• /
• 2020

In the U.S.A. from the late 19th to the early 20th century, the big business system emerged surpassing the British Empire economy. Such growth resulted from the realization of the "American-productive mode' being derived from the continuous immigrants inflow, renovative development of transportation, national markets formation and R&D of the science·technology. During 10 years after 1895, American economy was prevalent with the combination trends by the vertical or horizontal integration and these both mixed systems. As such big business was recognized, the American domestic citizens expressed the strong doubt to the revolutionary change and its public benefits and inaugurated the anti-big business campaign with deep concern that the American traditional symbol 'land of the wealth and opportunity' would be threatened. Although the governmental organizations controlling big business were established and the control laws were enforced, the American society accepted the new economic order. This situation resulted from the American economic prosperity, material affluence and managerialism of the big business.