fight against big business Flashcards
give 4 problems caused by big business controlling markets
- large monopolies and fixed prices
- corruption and bribery
- no workers rights or safety measures
- lack of competition means lack of innovation
who passed and what was the act was made in 1890 to fight against big business
Harrison passed the Sherman Anti Trust Act
what did the Sherman Anti Trust Act do and when was it
1890; limit growth of large industrial trusts by making them illegal so the market could not be monopolised
who started the Granger Movement
Oliver Hudson Kelly
how did the Granger Movement start
Patrons of Husbandry set up to educate farmers in south who had medieval methods of farming compared to north
what was the national membership of the Granger Movement by the mid 1870s
approx 800,000 a grange in each state
why was the Granger Movement needed
for unified action against monopolistic railroads and grain elevators that charged farmers extortionate rates for transporting goods
what was a winning case for the Granger Movement in 1887
Muni v Illinois
when was Munn v Illinois and what happened
1887; Munn and Scott grain warehouse firm found guilty of violating the law by charging above the max rates for transport of goods; after appeal the Supreme Court sided with National Grange
give the 3 main farmers alliances
North- Western Alliance
Southern Alliance
Coloured Farmer’s Alliance
what was the political agenda of farmers alliances (4)
- wanted graduated income tax
- nationalisation of transport of goods
- free unlimited coinage of silver
- checks on the discriminatory power of big business
did the farmers alliances have any political success ?
in 1890 elections alliance candidates took control of legislature in Kansas and Nebraska
where else was there political success for farmers alliances
- held balance of power in South Dakota and Minnesota
-south had 4 pro alliance governors and 7 pro alliance legislatures
give two social influences that came from laissez faire
social darwinism- survival of the fittest for people and companies alike
rugged individualism- self reliance making it through your own hard work
give 4 reasons why laissez faire is good
- economy grows large very quickly and is self sufficient by bringing infrastructure to industry
- allows for manifest destiny and image if american dream
- big business are allowed to monopolise and gov likes this as it boosts the economy