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Why were some of the richest Americans from the Gilded Age period

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Why were some of the richest Americans from the Gilded Age period

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I believe that the wealthy people of the Gilded Age era came about because of the new up and coming technologies, that were created, which are vital for the everyday life for the people.

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How do the entrepreneurs of today differ from the people who acquired their wealth before?

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How do the entrepreneurs of today differ from the people who acquired their wealth before?

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The entrepreneurs of today are seeking to improve objects that are already currently invented. As for the people of wealth before, they had to acquire their riches by inventing new and original objects.

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-involving several countries or individuals of several nationalities.
-When owning a business, you would want to work multi nationally to prove that you are diverse and open.

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-this is the union of two or more corporations to create one large corporate bodies.
-Normally, when corporate consolidation occurs, their properties, powers, rights, and privileges are made to create this united corporation.

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-the action of companies having an influence and expanding internationally
-When a business wants to expand globally, this demonstrates the urge to have economic growth from foreign areas.

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-a public official speaking upon a subject.
-This would show how deep of a manner a subject is, as someone of a higher power has spoken upon it.

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-the desire to give or provide to the welfare of others.
-This shows that people who are philanthropists have a heavy heart and care deeply for society.

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-an economic system in which private businesses are in competition.
-The competition, the thrill of having a business without government control and satisfying the consumer, is the purpose of a free-enterprise economy.

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-the belief of reliability and truth in a person or system.
-To enable a steady relationship, you need to establish trust so that the other party will be able to rely on you.

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-the possession or control of smaller businesses of supply, trade or service
-Monopolies exist to have the monopolist benefit in the short and long run by raising costs and producing less.

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-One company that owns and depends on many different businesses for their operation.
-Just like the Coca Cola company, they own a variety of other brands to prosper.

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-a collaboration of firms in the same type of business into one large corporation.
-The significance of horizontal integration is to increase company size, production and trust between companies, as they would otherwise be rivals.