What type of government is oligarchy?

Table of Contents:

1. What type of government is oligarchy?
2. How did big business impact the economy?
3. What were the major consequences of the rise of big business for better and for worse?
4. How did big business shape the American economy?
5. What were some of the pros and cons of big business?

What type of government is oligarchy?

Oligarchy, meaning "rule of the few", is a form of power structure in which power rests with a small number of people. These people might be distinguished by nobility, wealth, family ties, education or corporate, religious or military control.

How did big business impact the economy?

Big business led to a drastic expansion in the production of American goods and the amount of capital in the nation. Big business al specifically increased the production of energy.

What were the major consequences of the rise of big business for better and for worse?

Although many industrialists engaged in philanthropy, the rise of big business raised many troubling questions including monopoly and the detrimental effects on competition in a capitalist economy, unfair and corrupt business practices and political influence, government regulation of business and the economy, the poor ...

How did big business shape the American economy?

How did big businesses shape the American economy in the late 1800's and early 1900's? They used railroads to transport their goods and expand their businesses across the country, which helped increase their profit, therefore making America one of the most economically powerful countries in the world.

What were some of the pros and cons of big business?

Pros of Big Businesses	Cons of Big Businesses
Provide jobs	Abuse of workers (bad pay, poor conditions)
cheaper goods	pollution
faster production	abuse of power/influence politicians
money to spend on developing new technology	overtake small businesses