unit 6 Flashcards
1865-1898
what is the “starting point” and basis, kinda, of this unit and industrialization?
the expansion of railroads within the u.s., which allowed for fast and long-distance transport of goods across the nation. this encouraged mass production and mass consumption. the government was really into railroads. this led to transcontinental railroads.
panic of 1893
a quarter of railroads filed for bankruptcy
bessemer process
a process by which high quality steel could be made in an easier manner, helped significantly with railroads
what did andrew carnegie do and what type of business practice did he utilize?
he had his steel plants, he was a philanthropist but he didn’t necessarily treat his workers well, he used vertical integration, in which the entire process is in-house
what is vertical integration?
when the company does everything themselves, like ykk for zippers, or in carnegie’s case, mining the steel and delivering the final product
what did john rockefeller do and what was his business practice?
he had standard oil and he used horizontal integration
what is horizontal integration?
the process by which a company buys out all competition
laissez-faire capitalism
kinda the reason why the major figures of industrialization could do their thing, it means that the government kinda let things be, rooted in adam smith’s writings
social darwinism
applied to justify why eugenics, racism, and why the top people were at the top, said that the people at the top were the fittest and so they deserved the wealth and that it would be for the best if they had the wealth
gospel of wealth
andrew carnegie’s idea that those with wealth had the duty to invest their wealth into society by philanthropic works
sherman antitrust act
passed in 1890 by congress, made such monopolies illegal but worded fairly vaguely
how did economy shape classes?
besides the obviously and small-in-number elite, industrialization led to a rise in the middle class, but also a rise in the laborers, and as they didn’t get much pay, the women and the children worked, too, under harsh conditions.
labor unions
rose because the wages were shit and the conditions were also shit, but because these jobs were unskilled labor and the workers could easily be replaced, unions rose as they were obviously stronger in numbers
great railroad strike of 1877
during a recession, railroad companies cut wages to save money and obviously that wasn’t popular with the workers who went on strike in 11 states, shutting down most of the railroads, the strike became violent and president hayes sent in troops to stop the strike but 100 people were killed
pullman strike
in 1894 pullman company (rail cars) cut wages, the union workers who tried to negotiate for higher wages got fired, so eugene debs, union leader, had the workers not work on anything with pullman cars which stopped majority of railroad action, the companies were on the pullman company’s side, ended in debs getting jailed
knights of labor
becoming a public entity in 1881, it was open to everyone and it wanted to abolish child labor and to destroy trusts and monopolies
haymarket square riot
ended the knights of labor because a bomb exploded, not necessarily a bomb from a member of the kol but still the two were associated and the knights of labor lost membership
american federation of labor
association of craft unions, kinda replaced the knights of labor, led by samuel gompers
how was immigration in the mid 1800s?
millions of people from ireland and germany, catholic, came over due to political instability and famines and they faced discrimination
how did unions react to immigration?
surprisingly, they opposed immigration because they wanted to raise wages and immigrants may accept the low wages, undermining the unions’ goals