History 202 Week 2 Notes
History 202 Week 2 Notes HIST 202
Popular in History
verified elite notetaker
Popular in History
This 8 page Class Notes was uploaded by Chase Goodman on Saturday January 23, 2016. The Class Notes belongs to HIST 202 at Ball State University taught by Ed Krzemienski in Winter 2016. Since its upload, it has received 122 views. For similar materials see History in History at Ball State University.
Reviews for History 202 Week 2 Notes
Report this Material
What is Karma?
Karma is the currency of StudySoup.
You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!
Date Created: 01/23/16
1/20/16 Economic Development o After the Civil War (1865 – 1890) 35 thousand railroad track miles in 1865 to 115 thousand in 1890 In 1890 they finished the Trans-Continental railroad (From NY to SF) Which means Goods and Commodities can get anywhere they want to Railroads is the main way of travel from people to products Development of steel explodes Railroad tracks are made of steel, the train made of steel, everything made of steel Steel is the heaviest part in the economy You can make anything out of steel Lighter Industries Modern innovations o The typewriter o Telephone They also add for employment o Development of clerical services These modern innovations also lead to more woman in the workplace o Because woman don’t get paid as much as men George Eastman o Creates the first personal camera Kodak Student in Ohio finds a way to refine aluminum Gillette makes the first disposable razor Robert Johnson o Creates the modern Band-Aid People already came up with it, but he patented it o And also Johnson & Johnson company They are still a company Whitcomb Judson o Creates the modern zipper Thomas Edison o Greatest inventor & stealer of the Gilded Ages He would do the paperwork for other people’s inventions All of these little things bring in a ton of money for the economy No income tax at this time! Government doesn’t know how to handle the extremely rich people o “Robber Barons” Americas aristocracy Not born into, but “robbed” into Very wealthy people James “ Jubilee Jim” Fiske He did not invent anything or make an industry better, he made his money by taking people’s money on stock market deals o He makes his money by ripping people off He was very Ostentatious (He shows off) o He wears a huge cherry sized diamond in all of his ties Josie Mansfield o James Fiske’s girlfriend Erie War o Railroad line leading from Buffalo, NY to NYC, NY o Buffalo is a great steel making city at this time o Jim Fiske owns a Railroad from Buffalo to NY o The other one is owned by Commodore Vanderbilt Vanderbilt wants to buy up Jim Fiske’s railroad so he can create a monopoly Vanderbilt starts to buy stock from Jim Fiske’s company Jim Fiske creates more stock to rob Vanderbilt Vanderbilt didn’t notice until he spent 8 million dollars o Jim Fiske’s goes to New Jersey to hide from Commodore Vanderbilt He sets up at a New Jersey hotel and puts canons on the peer of the hotel o The government gets involved o Jim Fiske now goes to Albany, NY Albany is perhaps the most corrupt city-capital of the history of man kind He bribes members of the state to about $500,000 They change the law that made Jim Fiske’s fake stocks actually legal o Come to an agreement where Fiske returns 4.7 million dollars to Commodore Vanderbilt Which means Fiske made 3.3 million o Dies by getting shot by his ex-girlfriends boyfriend when trying to get back to her John D. Rockefeller (1839 – 1937) He was not very interesting Rockefeller original job was a bookkeeper He made his fortune through oil o He and a chemist friend made a better way to extract kerosene than his opponents He creates a Monopoly (Horizontal) o He buys up other companies John D. Rockefeller is actually making oil better and cheaper o This monopoly is working wonders He is America’s first billionaire! o He is making so much money that no one can fathom it He is one of America’s greatest philanthropist o He endows the University of Chicago (Which means he buys it) But he kept the name o He created a medical group to study cures Andrew Carnegie (1835 – 1919) Greatest philanthropist in American history Made his money from steel He was 5’4 and weighed 130 lbs and wore size 5 shoe He accumulates $380 million dollars during his lifetime o He gives away $350 million o He built Libraries 155 community libraries in Indiana alone Absolute cut-throat when it came to business 1/22/16 Discontent o Looking Backward is a book that hits the nail on the head about what people are upset about It tries to solve the problem of Political Corruption and Economic Inequality o A major problem of this time was an existence of Monopoly At this time they are called TRUSTS At this time we are seeing products that we need to use in day to day life in the hands of one organization There is no competition You can charge whatever you want if you are the sole company making/distributing that product John D Rockefellers company makes/distributes 90% of the country’s Oil and Kerosene Swift & Armor had combined with other meat companies and created a Beef TRUST o Owned about 90% of the market in meat o Nothing is more important that the railroad industry at this time Distribute and move everyone/everything William Vanderbilt Leader of the Vanderbilt’s at one point in time “The public be damned” o What he said about his company favoring big money over small businesses o LABOR A large influx of immigrants at this time coming to this country to work Series of strikes come up because of unfair workplaces 1877: Great Railroad Strike Begins in West Virginia They go on strike because they are asked to take a 10% pay cut The federal government dislikes this strike. They call in various National Guards o To fire upon the Strikers and put the strike down 1886: Haymarket Riot In Chicago Police and Strikers meet with force 1892: Homestead Strike Occurs in Andrew Carnegie’s most import steel mill This one is the epitome of how far out of hand the economy has gotten He hires a group of Pinkerton Guards o They were spies in the civil war o They became thugs for hire o They come in armed to Homestead and engage in a battle against the strikers o At one point it becomes a Naval battle Beginning of Unions Unions = Specific abilities o Railroad Engineer union o Railroad Conductor union If you could unite all of these job specific unions into company specific unions then they would be a lot stronger Knights of Labor (1868) o 1879: Terence C. Powderly He is Idealistic His idea is that we could all create a giant union and work together Arbitration If there is a problem, all they have to do is meet and work together. Everything will work out o It is a wonderful idea, but he is completely out of his element o They allowed everybody in the union except for Bankers, Lawyers, & Stock Brookers o 1886: 700,000 members Knights of Labor break apart 1886: American Federation of Labor (AFL) o REALISTIC We want shorter work days More money Can’t survive on these slave wages Safer conditions in the workplace o Samuel Gompers leader of the AFL from 1904 – 1924 He was Jewish and grew up in the slums of London At the age of 13 he moves from the slums of London to the slums of New York He is against immigrants He doesn’t like Asians Specifically Chinese 1904: 1.67 million members While he is the leader, we are going to see results But results for a limited few Idealism vs Realism o Ideal Knights of labor Literature Radicalism Liberal o Real AFL Literature Radicalism Wild
Are you sure you want to buy this material for
You're already Subscribed!
Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'