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Natural resources business management and capital and technology all played a major role in the development of industrial America from 1865 to 1900 Many industries in the US including oil salt sugar tobacco and meatpacking were highly stimulated Competition soared and thats when these fundamentals came into play Natural resources such as petroleum began major industry in the United States Petroleum was turned into oil and replaced animal tallow as the major lubricant It was also turned into kerosene to fuel for household and public lighting John D Rockefeller led the way in the oil industry and controlled 90 of the countrys oil-refining capacity in 1879 Other resources include immense coal deposits and steel Americas natural resources allowed for rapid industrial growth and it was growing at a rate 13 faster than Germany and 2 times more than Great Britain Managerial innovations of such figures as Edison Carnegie and Rockefeller proved readily adaptable throughout American industry spurring marvels of productivity Mass production led to mass marketing and eventually to more business strategies that would help to make these men wealthy and American industry boom Manufacturers built demand for their products and won remarkable consumer loyalty through brand names trademarks guarantees slogans endorsements and other gimmicks Along with business mergers and consolidations the invention and patenting of new machines offered another means of driving up profits lowering costs and improving efficiency Furthermore mechanical inventions had the added advantage of arousing demand for new products The development of a safe practical system of generating electricity for example made possible an ever-growing range of electrical motors and household appliances After 1870 business corporations stepped up their research efforts and introduced a remarkable variety of consumer goods thus adding to industrial development It becomes obvious from the given information that natural resources had the largest effect on the USs industrial growth Without the supply of natural resources too power industry and make products to sell not only would the
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