Business and Finance - Research Article from Americans at War

This encyclopedia article consists of approximately 7 pages of information about Business and Finance.
This section contains 1,826 words
(approx. 7 pages at 300 words per page)
Buy the Business and Finance Encyclopedia Article

American Business Before and During the Civil War

Before and during the Civil War, there were few industrial corporations in America. Although the nation was home to hundreds of mechanized factories by 1860, only a few of these factories employed more than 1,000 people. Most businesses were owned and managed by families or small groups of partners. Many of the wealthiest businesspeople in the economy were commission merchants, who specialized in the marketing of particular goods such as raw cotton, wheat, or textiles.

The beginning of the Civil War, which cut off commerce between the North and the South and limited international trade, hurt most business firms in the short run. Over time, however, the war provided some firms with new opportunities. Although the South experienced shortages of raw materials and relied upon imports for many of its needs, some Southern manufacturers were given a boost by military orders...

(read more)

This section contains 1,826 words
(approx. 7 pages at 300 words per page)
Buy the Business and Finance Encyclopedia Article
Copyrights
Americans at War
Business and Finance from Americans at War. Copyright © 2001-2006 by Macmillan Reference USA, an imprint of the Gale Group. All rights reserved.
Follow Us on Facebook