Answer:
Answer explained below.Step-by-step explanation:
During the period from 1865 to 1900, American business leaders played a significant role in shaping the country's economy and society. The industrial revolution, which began in the mid-19th century, transformed the American economy from one based on agriculture to one based on manufacturing and industry. This shift was driven by the efforts of business leaders, who invested heavily in new technologies and infrastructure to create new industries and expand existing ones.
One of the most notable business leaders of this period was John D. Rockefeller, who founded the Standard Oil Company in 1870. Rockefeller's company became the dominant player in the oil industry, controlling over 90% of the nation's refining capacity by the early 1880s. This consolidation of power led to accusations of monopolistic practices and eventually led to the passage of antitrust laws, such as the Sherman Antitrust Act of 1890.
Another prominent business leader of this period was Andrew Carnegie, who built his fortune in the steel industry. Carnegie's innovations in steel production helped make the United States a world leader in industrial production. He also became known for his philanthropic efforts, donating large sums of money to establish libraries, universities, and other institutions.
These and other business leaders had a significant impact on American society as well. The expansion of industry led to the growth of cities and the development of new transportation networks, such as railroads and steamships. This in turn led to the growth of new industries and the creation of new jobs. However, the concentration of wealth in the hands of a few business leaders also led to growing economic inequality and social unrest, as workers sought better wages and working conditions.
In conclusion, business leaders played a significant role in shaping the American economy and society from 1865 to 1900. Their innovations and investments helped to drive industrialization and economic growth, but also led to the concentration of wealth and power in the hands of a few individuals. The impact of these business leaders is still felt today, as their legacy continues to shape the American economy and society.