Final answer:
Business owners created larger companies in the late 1800s through strategies such as mergers, acquisitions, trusts, and horizontal expansion.
Step-by-step explanation:
During the late 1800s, business owners created even larger companies through various strategies such as mergers, acquisitions, and vertical integration. One common method was the formation of trusts, where multiple companies in the same industry would combine their assets and create a monopoly. For example, John D. Rockefeller's Standard Oil Trust monopolized the oil industry by controlling production, refining, transportation, and distribution.
Another method was horizontal expansion, where companies bought out or eliminated their competitors to increase market share. This was often achieved through aggressive competitive practices and pricing strategies.
Additionally, advancements in transportation and communication, such as railroads and telegraphs, facilitated the growth and expansion of companies across larger geographical areas.
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