Business Strategies

The 1800's was a time of industrial growth and urbanization in the United States. New business strategies developed, and responses to those strategies varied. Two of those strategies and philosophies were Social Darwinism and monopolies. These strategies changed the way business was dealt and it impacted business and industry in big ways. Social Darwinism was related to the theory of biological evolution that some individuals flourish and pass their traits along to the next generation, …

…Morgan for $500 million; it became the world's largest business organization. Many industrialists took the approach "if you cant beat them, join them." That approach was mergers between corporations in the same industry. Both of these philosophies or strategies changed the way business was done in the 1800's. They went by the theory of survival of the fittest. The ones who could take out their competitors by buying them out would win in the business world.