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by: Jake Davis

IndustrializationandtheRiseofBigBusiness.pdf 2112

Marketplace > History > 2112 > IndustrializationandtheRiseofBigBusiness pdf
Jake Davis
GPA 3.15
American History since 1865
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4th lecture notes. It was over Industrialization in America.
American History since 1865
No professor available
One Day of Notes
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This 2 page One Day of Notes was uploaded by Jake Davis on Friday September 12, 2014. The One Day of Notes belongs to 2112 at a university taught by a professor in Fall. Since its upload, it has received 100 views.


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Date Created: 09/12/14
Industrialization and the Rise of Big Business Time zones why do we have them Originally it was the royal navy but railroads were the first corporations in America and the need to travel across many cities Back in the day keeping track of time was a local affair With the rise of industrialization you had to think about efficiency you had stuff and people to deliver the last thing you wanted was running the schedule off of many cities So they wanted a standardization process After reconstruction industrialization is the most important event in American history Changes are profound it creates much wealth and power not on this scale unheard of in American and world history it will change the way the world lives changes where you work how you lived and what you wore In 1880 it didn t look like progress many were scared about it people were nervous about this new America the new democracy was based around these rural areas and corporations and massive wealth How can democracy live and survive What will democracy look like in this world There will be gun battles in the street over this Triangle gives a scene that wonders over this Good and bad of industrialization bene ts are jobs standard of living food and clothes but at the same time there s massive pollution and child labor with no safety equipment at all American business and industry during this time o In the 1800s we had industries in 1850 largest business was 800 but by 1900 they were massive around 20000 people employed that was Camegie steel 0 By the end of this our economy was massive over that of the European nations Andrew Carnegie was huge in this period there were many factors that made the revolution possible you need steel the invention itself is a massive import here Main metal before was iron it would fall on itself if it did that it was too soft for industrial products Charles Besserme found how to make steel cheaply and it made the industrial revolution possible You also need someone who was brilliant with steel that man was Andrew Carnegie he worked for railroads which were the first major corporations in this time it was a modem operation with much complexity he was a master of this organization he was a manager in his early 20s he was an efficiency expert You also have to be at the right place at the right time He was bom in the time of the railroad it was a massive revolution transportation was completely changed from this 0 He wanted to be rich and a captain of industry and he realized that steel was key he needed money to build a steel factory he had access to capital a business partner was Thomas Scott who lent him money Frick Charles Schwab an investor in Carnegie s first steel factory You also needed new resources the west provided that with mining and coal and was transported to factories to be processed 0 He also benefited from immigration it was the backbone of the industrial revolution they supply labor and they supply cheap labor you could pay them nothing or next to nothing Camegie was an immigrant himself 0 Business corporate and organizational techniques get started people like Carnegie have intense organization This brings us to the moral issues whether it s consistent with democracy is a huge question 0 They did as much as they could to keep costs low such as monopolies controlling 100 of the supply There were secret agreements to change the market there were price xes seen with oligopolies but this collision is illegal John Rockefeller did this a ton he ran them out of business and jacked the price up There were reforms to address this stuff though 0 It helps to have a govemment that is friendly to industrialization there were as an industrysupportive govemment the GOP loved it a ton GOP thought that slavery was immoral and inefficient so they re answer to where to get money was that industrialization was key If you look at the political map of the period GOP was concentrated where industry was the new England northeast area was huge but the workers were democratic They also had the military at their back to take down worker strikes The law itself begins to shift being interpreted in an industry supportive way 0 Sana Clare county vs Railroad case it ruled that the corporation is a person in the 14th amendment and gave them civil rights as people they have rights and ways they can be or cannot controlled or regulated The citizens united ruling said corporations are people and corporate decisions are a part of free speech Overall they supported the growth of industrialization from technology to law Final thing going on William Gram Sumner created the idea of Social Darwinism it was the manifest destiny of industrialism Origin of species by Charles Darwin was created around the time Darwin has proven that survival of the fittest is true since it is true and it s good and it s natural to expect to have human society to function by the same rules and it should apply to the same people It was supported with the rags to riches story of Carnegie Anxieties about that not many people were thrilled with the rise of Camegie There was a guild of age it is golden on the inside but rotten on the inside 0 There was ambivalence in America Some of these owners built castles to represent their residences they were emulating British aristocracy some pointed this out and said it was a threat to democracy 0 There was the formation of book clubs they got together and talked about looking backwards from 2000 to 1887 science fiction an industrialist makes him fall asleep to 2000 where it was a socialist uptopia Camegie is ambivalent about his own wealth Retires in 1901 and sells it to JP Morgan he takes his money and gives it away in philanthropy he has complex feelings about his own wealth and what to do with it Is it a good thing or a bad thing You have to come up with that on your own


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