Week 3- Rise of Big Business and The City Life
Week 3- Rise of Big Business and The City Life 32763
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This 4 page Class Notes was uploaded by Asia Caldwell on Wednesday January 27, 2016. The Class Notes belongs to 32763 at East Carolina University taught by Dr. Prokopowicz in Spring 2016. Since its upload, it has received 57 views. For similar materials see History 1051 in History at East Carolina University.
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Date Created: 01/27/16
Special Url: https://studysoup.com/eastcarolinauniversity/unknown/?id=132193 Monday, January 25, 2016 Small businesses begin to go large and the economy is dominated by the larger industry ( businesses) Public Ownership Private Ownership Planned Allocation Communism the Command Capitalism government decides people still own, but the everything government tells them what they are going to do Market Allocation Market Socialism Market Capitalism prices compromise between socialist for goods and services are set planning and free enterprise, freely in which enterprises are Ex) USA publicly owned but production and consumption are guided by market forces How did this happen? 1. Growth in size: The country gets bigger, manufacturing gets bigger, population is tripled, transportation growth (railroads develop and require new forms of organization) The railroad system also developed time zones 2. New Technology: th Late 19 Century (1882) Electric power was supplied o Thomas Edison Creates direct current Light bulb Motion Picture o Nicolai Telsa Develops the alternating current o Both men competed and alternating current (AC) was more efficient Edison even encouraged the electric chair using AC instead of traditional hanging Oil is discovered in 1859 John D. Rockefeller Horizontal Integration a strategy where a company creates production units for outputs which are alike either complementary or competitive Ex. McDonalds buying out Burger King Vertical Integration When each member of the supply chain produces a different product or service, and the products combine to satisfy a common need 3. Revolution in management: The Post Office was the biggest branch known now The owner of stores use to know everyone, and did everything for the smaller business With a new form of organization, the owner didn’t know the people who worked for him How do they respond? 1. Enjoy Why not? American Tobacco Company allowed cigarettes to become cheaper for smokers Catalogs became popular for advertising 2. Deny Pretend it’s not happening Some people thought that it would be satisfying to see the system didn’t change much 3. Rationalize Applied “Survival of the fittest” Made the argument that, “ this is what meant to happen” Your happiness depended upon you Social Darwinism who were successful believed in it and were fans They also thought the government shouldn’t interfere Critics believed it reduced human progress They thought intelligent use of the government could help others in better ways Wednesday, January 27, 2016 4. Fight You don’t have to accept the situation The Great Railroad Strike of 1877 Railroad companies agreed to cut the worker’s wages so workers couldn’t quit (10%), they would also pay regular dividend to bond holders State militia were called to put the workers back to work o Instead of hurting the workers, they were family and began to help and strike too The strike was a warning sign of a war that could happen ( it didn’t though) The International Harvest in Chicago Police were called in Bomb killed police, assumed they were placed by anarchist (radicals) They were convicted, 4 executed The violence turned people against the police Homestead Strike Pullman Strike The Socialist Party Eugene V. Debs Substantial political movement The City Life The cities were new because of events o Chicago rebuilt itself o San Francisco o 18601910 Population grew from 6 million to 44 million NYC largest city 90% of people lived in apartment buildings in Manhattan o Buildings were 4 to 5 stories high due to lack of elevators o Things change when electric elevators and new steelframe construction allows architects to extend buildings upward o These crowded tenements held disease and crime Sanitation was a problem, which led to deaths Toilets were invented, allowing families to no longer use out houses Technology also allows skyscrapers to come about Electricity becomes important in the cities o San Francisco famous cable cart o Arkansas Cityoverhead cables Cities began to create urban parks o New York’s Central Park It was a place for all citizens to stroll, ride bicycles, and play games o People believed that fresh air was needed There were no limitations to what could be put into medicine o Babies could receive morphine and not even know it 1885 Coke was invented 1890 people had refrigeration in their own houses o Food standardize across the country Process foods, Quaker Oats, and corn flakes o Cook books are useful Clothing o People not only bought through the mail, but they bought from stores Shopping was now an exciting experience Five and Dime Stores were next down for cheaper options These were similar to present day Dollar Stores o Fashion changes Women began to wear corsets Petticoats People believed women clothing restricted them from doing anything Bustle used to exaggerate the back of women’s dresses The Narrow look narrow waist and puffed shoulders Gibson look – Shirt waist corset type, with a hat, Gibson Girl is a women who knows what to do, rides a bicycle, swims, works, and could dominate the male species. Men Fashion Frock coats were popular but soon replaced by the suit Men were to become more masculine, worried that they were feminine o Theodore Roosevelt born rich never had to do work Gives speech about the strenuous life Make life harder for yourself, find something to do Ex. Baseball becomes popular Ex. Football is ideal for strenuous life
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