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The Gilded Age was a period of economic growth as the United States jumped to the lead in industrialization ahead of Britain. The nation was rapidly expanding its economy into new areas, especially heavy industry like factories, railroads, and coal mining.

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Big business grew in the late nineteenth century when new sources of power such as the steam engine, coal, and electricity drove the machines in larger factories that organized production under one roof. Companies could now mass produce standardized goods faster and more efficiently.

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The industrialization of the late 19th century brought on rapid urbanization. The increasing factory businesses created many more job opportunities in cities and people began to flock from rural areas to large urban locations. ... The rapid population growth also caused cities to grow in building size.

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The Gilded Age, Robber Barons, & The Rise of Big Business