PRESENTATION OUTLINE
With the introduction of things like the Cotton gin, interchangeable parts for firearms and the assembly line of automobile production things became cheaper and more accessible.
Industrialization was expensive; it required a large capital investment
but encouraged organization of large-scale corporations with hundreds of investors
and new laws were created to protect investors from liability
Monopolies, trusts, and cartels were competitive associations and brought about things like Vertical and horizontal organization
France and Britain laid the foundation for the modern corporation and in the process financial businesses were helped
