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The Beginnings of “Big Business†in American Industry

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  • Chandler, Alfred D.

Abstract

The growth of big business in America in the last two decades of the nineteenth century was primarily a response to the rise of urban markets — a result, in turn, of the spreading railroad network. Then, as a new century began to unfold, the dominant influence upon big business development came to be technological. Discernible patterns of integration, combination, diversification, and administration influenced and were influenced by the rise of huge companies and oligopolistic industries. Price competition yielded to other weapons, and the economy adjusted to make room for the young giants in its midst.

Suggested Citation

  • Chandler, Alfred D., 1959. "The Beginnings of “Big Business†in American Industry," Business History Review, Cambridge University Press, vol. 33(1), pages 1-31, April.
    • Handle: RePEc:cup:buhirw:v:33:y:1959:i:01:p:1-31_00
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    Cited by:

    1. Nitzan, Jonathan, 1992. "Inflation As Restructuring. A Theoretical and Empirical Account of the U.S. Experience," EconStor Theses, ZBW - Leibniz Information Centre for Economics, number 157989, October.
    2. R.D. Norton, 1987. "The Once and Present Urban Crisis," Urban Studies, Urban Studies Journal Limited, vol. 24(6), pages 480-488, December.
    3. Bryer, Rob, 2013. "Americanism and financial accounting theory – Part 2: The ‘modern business enterprise’, America's transition to capitalism, and the genesis of management accounting," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 24(4), pages 273-318.
    4. Marcelo Bucheli & Joseph T. Mahoney & Paul M. Vaaler, 2010. "Chandler's Living History: "The Visible Hand" of Vertical Integration in Nineteenth Century America Viewed Under a Twenty-First Century Transaction Costs Economics Lens," Journal of Management Studies, Wiley Blackwell, vol. 47(s1), pages 859-883, July.

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