Chapter 16: The Gilded Age Flashcards
1. What factors combined to make the United States a mature industrial society after the Civil War? 2. How did the economic development of the Gilded Age affect American Freedom? 3. How did reformers of the period approach the problem of industrial society? 4. How was the West transformed economically and socially in this period? 5. Was the Gilded Age political system effective in meeting its goals?
Chapter 16: The Gilded Age
What caused the Second Industrial Revolution (5)?
Early 20th century: US one of most rapid economic expansions ever
Why?
- lots natural resources
- growing supply of labor
- expanding market manufactured goods
- capital for investment
-
federal government sponsorship
- high tariffs (protect home industry)
- granted land rail road companies
- arm remove Indians from western lands
Chapter 16: The Gilded Age
How did factories, railroads, and mass production contribute to industrialization?
Factories
Heart SIR: region around Great Lakes
facotries: steel, iron, machinery, chemicals, foods
- Pittsburgh: world center of iron and steel
- Chicago: second largest city
Railroads
Made revolution possible
Spurred:
- private investment
- land grants + money government
Result:
- opened areas to commerical farming
- national market
Mass production
The market for mass production, distribution, and marketing → essential modern industrial economy
New national brands:
- Ivory Soap
- Quakers Oats
Chapter 16: The Gilded Age
How did the Gilded age challenge the idea of economic independence?
Idea of economic independence → obsolete
1890: 2/3 Americas work wages (not own farm or business)
result:
- new working class
- immigrants
Chapter 16: The Gilded Age
Who was Thomas A. Edison?
era’s greatest inventor
- phonograph
- lightbulb
- motion picture
- generating electric power
Chapter 16: The Gilded Age
What caused the prolonged downturns in the 1870s and 1890s?
Fall in prices:
Why?
- market flooded goods
- federal monetary policies
Chapter 16: The Gilded Age
What are pools and trusts?
Ruthless competition:
Pools:
- by railroads and other companies
- oligopolistic structures (divided market and had fixed prices)
Trusts:
legal devices where affairs serveral rival companies managed single director
- coordinates economic activities “independent” companies
- short lived
Chapter 16: The Gilded Age
What did corporations try to do in the Gilded Age?
Tried achieve monopolies:
1897-1904: 4,000 firms merged
result: dominataed industries:
Standard Oil
U.S. Steel
International Harvester
Chapter 16: The Gilded Age
How did Andrew Carnegie establish a monopoly?
Depression in 1873 → C established steel company
- incorporated vertical integration (controlled all phases of business (raw, transportation, manufacturing, distribution))
- dominated industry
- dictorial operation
Philanthropy:
denounced “worship of money”
Chapter 16: The Gilded Age
How did John D. Rockefeller establish a monopoly?
Began careeer: clerk
Later: dominate oil industry (Standard Oil)
How: cutthroat competition, secret deals, fixing prices
Horizontal Expansion (buying out other oil refineries)
- established vertical integration monopoly
Chapter 16: The Gilded Age
Discribe the wealth distribution in the Gilded Age and how that effected the different classes?
Wealth distribution:
Very unequal
Economic independence: rested on technical skills rather than ownership
- skilled workers → demand higher wages
Most workers:
Economic insecurity → common
- depression of 1870s-1890s: millions lost jobs
- high dead rates
- most working class → very poor and needed income all family members
- terrible working and living conditions
Top 1 percent:
Money: same total income as bottom half pop + more property than remaining 99%
persued aristocratic lifestyle
- build palatial homes
- attended exclusive clubs, schools, colleges
Chapter 16: The Gilded Age
What was the center of the public discussion and unrest in the Gilded Age?
Public discussion
Who:
- all people (educated, farmers, reformers)
Result:
- 1000s books, pamphlets
- widespread debate social and ethical implications of economic change
Social unrest
Felt something wrong nation’s social development:
- “better classes,” “dangerous classes” in public discussion
- labor stikes common
Chapter 16: The Gilded Age
What was the relation between Freedom and Equality in the Gilided Age?
No longer view: wage labor temporary resting place road to economic independence
Some view: concentration wealth natural, inevitable, justified
- wages determined law of supply and demand
- The close link between freedom and equality, forged in the Revolution and reinforced during the Civil War, appeared increasingly out of date.*
Chapter 16: The Gilded Age
Charles Darwin’s contribution?
1859: On the Origin of Species
theory of evolution
Chapter 16: The Gilded Age
What was Social Darwinism?
Oversimplified form Darwin’s Theory Evolution (“natural selection” and “struggle of existance”) entered public
Social Darwinism:
evolution natural process in human society and government not interfere
- gaint corportations: better adapted environment
- restrictions → reduce society primitive level
Chapter 16: The Gilded Age
Decribe William Graham Sumner’s contribution to Social Darwinsim?
- most influential Social Darwinist
- prof at Yale
> Freedom required acceptance of inequality
Society two alternatives:
- liberty, inequality, survival of the fittest
- not-liberty, equality
Role of government:
protect property of men and the honor of women and nothing else
Chapter 16: The Gilded Age
How did the Gilded Age appraoch free labor and “the contract?”
SD: “negative” idea of freedom as limited government and an unrestrained free market
- central: idea of contract
labor relations freely governed by contracts freely sign → not interfere union or government
Free labor:
was: celebration independent, small producers in social of equality and social harmony
now: defense of unrestained operations of capitalist market
Chapter 16: The Gilded Age
How were courts influenced by Social Darwinism?
struck down laws regulating enterprise
generally sided with businesses
1885: Courts of Appeals invalided state law prohibiting manufacture cigars
Chapter 16: The Gilded Age
1895: United States v. E.C. Kights Co.
Ruled: Sherman Antitrust Act of 1890 not use break up sugar refining monopoly
Act: barred combinations in the restaint of trade
- intended prevent business mergers stifled competition
why: Constitution empowered Congress regulate commerce not manufacturing
Chapter 16: The Gilded Age
1905: Lochner v. New York
almost as notorious as Dred Scott
what: voided state law established 10h work for bakers
why: violation of “personal liberty”
Chapter 16: The Gilded Age
What was the Great Railroad Stike of 1877?
Slavery controversy:
> The Overwhelming Labor Question
seen 1877:
end Reconstruction & frist national labor walkout (Great Railroad Strike)
- protest labor cuts & burned railroad
- paralized rail road traffic much country
- Rutherford ordered army into North
Illustrated:
- strong sense solidarity among workers **
- close ties between Republic Party and class of industrialists
Result:
- government contructed armeries major cities
Shift role national power: not protect beleaguered former slaves but guarantee rights of property
Chapter 16: The Gilded Age
What did the Great Railraod Stike represent about the shifting role of the government?
Shift role national power: not protect beleaguered former slaves but guarantee rights of property
Chapter 16: The Gilded Age
Who were the Knights of Labor?
What were their plans of reform?
1880s: wave new labor organizations
Knights of Labor
Leader: Terence V. Powderly
What:
- first organize unskilled workers & skilled ones (biracial and bisexual)
- peek 1886: 800,000
- stikes, boycotts, political actions
Labor reform Gilded Age
New programs:
- 8-hour day
- public employment
- reform
- anachism
- vaguely defining cooperate commonwealth
Chapter 16: The Gilded Age
What labor surges took place in 1886?
Establish Statue of Liberty
Also: upsurge labor activity
May 01, 1886: 350,000 workers demostrated 8-hour day
Origin: May Day (01 May)
- became annual day for parades