Asked by makayla schultz on May 04, 2024

verifed

Verified

Discuss how American corporations changed over the course of the 1920s.

American Corporations

Large business entities operating within the United States, which are often involved in various sectors of the economy including technology, manufacturing, and services.

  • Evaluate the impact of international commerce and mass consumer culture on American economic growth during the 1920s.
verifed

Verified Answer

MK
mohamud konatehMay 06, 2024
Final Answer :
The 1920s saw significant changes in American corporations as they experienced a period of rapid growth and expansion. One of the most notable changes was the rise of large, vertically integrated corporations that controlled every aspect of production, from raw materials to distribution. This allowed for greater efficiency and cost savings, leading to increased profits for these corporations.

Additionally, the 1920s saw the emergence of new industries such as automobiles, radio, and consumer goods, which led to the creation of new corporations and the expansion of existing ones. This period also saw the formation of conglomerates, where corporations diversified their holdings into multiple industries, further increasing their size and influence.

Another significant change was the increased use of advertising and marketing by corporations to promote their products and create consumer demand. This led to the rise of consumer culture and the mass production of goods, as corporations sought to capitalize on the growing consumer market.

Furthermore, the 1920s also saw the consolidation of corporate power, as mergers and acquisitions became more common, leading to the formation of powerful corporate giants. This concentration of economic power raised concerns about monopolies and anti-competitive practices, leading to increased government regulation and the passage of antitrust laws.

Overall, the 1920s marked a period of significant transformation for American corporations, as they grew in size, influence, and economic power, shaping the modern corporate landscape.