Nye 4

the broader picture of steam powered industrialization

horse-drawn combine

what is a corporation:

larger businesses were possible with larger markets and faster communication
it takes a while to figure out how large businesses should work
by the 20th century corporations are playing a key role in technological progress because they have figured out that they can compete by innovation

running a railroad by the book or by telegraph

Corporations make new products possible

New sources of energy

Corporations grew particularly by managing the market, but they realized by 1900 that they could grow by managing innovation