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many of todays corporate giants were born in the 1870s and 80s the nations economy at the time that had been built from local family-owned businesses became dominated by large nationwide companies there was no single industrial corporation listed on the New York Stock Exchange at the end of the Civil War that one by 1900 there were dozens of them and they were employed 30 40 50 thousand people they were enormous ly important in all kinds of industries these big businesses use two methods called vertical and horizontal integration to grow and command new markets vertical integration is when companies become powerful enough to dominate every step of the production process from beginning to end what it basically is is a chain from the raw material the iron or sitting in Minnesota to the ships that carry the ore in the Great Lakes to Pittsburgh to the foundry that turns the ore into steel into the factory that turns the raw steel into finished high beams and railroad ties and what have
