Post-Civil war United States was a time for political, economic, and social reform as well as management and innovation. Thomas Edison helped to create the use of electric lighting all throughout the United States during this broad time period. Cities bustled with newly received immigrant workers from all across Europe, and still, the influence of monopolies grew to an extreme. National corporations emerged such as U.S steel and Standard Oil with smaller regional corporations still maintaining their fair amount of influence in the United States. The wage gap between rich and poor continued to increase and corruption began to flourish under the mostly uninvolved government in the later 1800’s. Although these emerging corporations influenced the economy and politics quite significantly, they also caused a social riff where people’s opinions on big business changed to reflect negatively on those corporations. Politically, Labor Unions rose to power and much of the anti corporation and antitrust propaganda was a result from their influence and popularity among laborers. A political cartoon by Joseph Keppler depicts the resentment placed towards monopolies and trusts by personifying those trusts as extremely bloated “Bosses of the Senate” including “Coal” “Standard Oil Trust” “Steel Beam Trust” and many more (Doc. D). Monopolies were gaining power everyday, and to some, their power superseded that of the real senate, which was a major catalyst for emergence of new political
After the end of the Civil War, industrialization and urbanization blossomed and changed the nation. Instead of presidential power, men were aiming to be industrial tycoons for their wealth and power. To the people, these capitalists were regarded as either admirable “captains of industry” or corrupt “robber barons”. Even though to some people they may seem like “captains of industry”, but they were actually corrupt “robber barons” for several reasons regarding corruption, employee issues, and matters of the social classes.
After the Civil war, large businesses ruled America. Prior to the industrial revolution, the government upheld a hands-off approach towards business. Under the laissez-faire principle, free, unregulated markets led to competition, yet this system suffered under the wrath of growing corporations. The impact of big business on the economy and politics was immense during 1870 to 1899. Corporations were growing significantly in number and size, which had a domineering affect on American economy and defined American life.
Near the last decades of the 19th century, America’s industrial economy skyrocketed. As these industrial leaders like Carnegie and Rockefeller not only lead the expansion through their respective industries, but revolutionized businesses while crushing free-market competition in the process. As
After the Civil War (1861-1865), agriculture was no longer the main base of Americas economy. The factories that the Union built were repurposed for more profitable intentions. Because of this and the ambition of a few powerful men, America took a swift turn to becoming more industrialized. While the nation was growing, so were the railroads and small businesses. Americans no longer worked for themselves but for an employer. If a business couldn’t provide the best product at the cheapest prices they went bankrupt and were
The United States post-Civil War era from 1875 to 1900 experienced massive economic and industrial growth, especially in the North. The rise of new machines, industries (railroad, oil, steel), and buildings contributed to a major upsurge in the prosperity of the American nation. In 1860, no American city had a population over one million; by 1890, three cities had passed the million mark. New York City became the second largest city in the world after London in 1900. The substantial growth of the U.S economically can be contributed to a group of wealthy capitalists that ran businesses/industries and stimulated economic growth. However, historians have argued over whether these capitalists were “robber barons” that were corrupt and took advantage of the American people or “captains of industry” that helped the U.S grow at unparalleled speeds. Wealthy capitalists such as Andrew Carnegie and John D. Rockefeller were indeed “captains of industry” who enlarged American industry and businesses, used their wealth to better their communities, and elevated the United States to new heights as one of the leading industrial powers of the entire world.
After the civil war, especially during the late 1800s, the US industrial economy has been thriving and booming which reflected on the numerous improvements that occurred in transportation through new railroad, in new markets for new invented goods and in the increased farm yield. However, most of this wealth has been captured by the capitalists, they looked down on the working poor class and expected them to submit to them. Also, they had control over the government seeking to maintain a system of monopoly to allow them to grow richer from others. Thus, they were controlling both political and economic conditions of the country.
This can be blantely obvious through the ever growing rift between the rich and poor classes. Henry George, a journalist-author who advocated for social reform through the imposition of a single, universal tax, stated “the gulf between the employed and the employer is growing wider” in his 1879 published work Progress and Poverty (Document A). The industrialization of this era was dominated by John D. Rockefeller’s horizontal integration of the oil industry and Andrew Carnegie's vertical integration of the steel industry. Horizontal integration was the technique of taking over and monopolizing an industry though consolidating smaller competitors while vertical integration aimed to own all phases of manufacturing from mining to market for efficiency and quality control. However, through this strive for the domination of industry came trusts. Trusts were created between companies who agreed upon what a beneficial asset was. James B. Weaver, the presidential candidate of the Populist party in 1892, stated “The main weapons of the trust are threats, intimidation, bribery, fraud, wreck and pillage” in his A Call to Action speech regarding trusts (Document E). Prior to this speech, it was perspectives, such as this, that led to the Sherman Anti-Trust Act of 1892. The captains of industry were so self interested that they also had little regard for the skill level and residency of workers as they simply sought to have cheap labor. This came in the form of wage cuts or the employment of immigrants. A wage cut of ten percent was laid upon the railroad workers of Baltimore and Ohio in 1877 and it resulted in strikes spreading nationwide across the railroad line. Later on in 1894, the Pullman strike occurred also due to wage cuts. As for immigration, many of these new immigrants came from eastern and southern europe
The late nineteenth century was an era of growth in the USA. It introduced railroads, telephone lines, opportunities for entrepreneurs, and cheap goods for consumers. Mark Twain dubbed this time period the Gilded Age; the period was glittering on the surface but corrupt underneath. Between 1870 and 1900, corporations grew significantly across the board in number, size, and influence. The newfound efficiency of resources and mass production resulted in an increase in the production of American goods and the amount of unskilled laborers but also created a wide divide between classes and a maldistribution of power. The American people responded to these impacts through both an increased participation in consumerism and the formation of both
As the age of Reconstruction ended, the Gilded Age of big businesses began in the United States and with it came new jobs and goods for Americans. When new corporations became more successful, it made an immense impact on the economy, the political system and the lives of citizens. Economically, the cost of food and living went down significantly as well as a surplus of jobs. Political leaders were corrupted by big business as their decisions and laws were influenced by the wealthy class’ bribes and stealing from the common man. Though mass production allowed goods to be made quicker and in greater quantity, the workers’ horrible working conditions and remarkably long hours caused the creation of unions and strikes. Despite the great effect big business had on the economy in the Gilded Age through the decline in the cost of food and fuel, the daily lives of average working-class citizens were negatively impacted by long hours, horrid working conditions leading to unions and a corrupted political system.
During 1870-1899 the U.S was rapidly growing in the development of industries. At the time technology was advancing while many companies/corporations were establishing within the region. According to Document A from the Historical Statistics of the United States indexed prices bar graph, in the beginning of 1870 the U.S was stable, while Americans in the meantime we're creating unions & organizations. The decrease began after 1870, with many new corporations, and factories opening up the indexed prices spiked down. The most dramatic downfall was the fuel and lighting prices during this era, with the high of 150 in indexed value at the start of 1870, it decreased down to 50 indexed value in 1899 (29 years). This result led to high cost living rates, and for immigrants to struggle living or
odUS History Review Test 18 The Rise of Industrial America, 1865 - 1900 1. The World’s Columbian Exposition in 1892 was [A] a meeting held in the District of Columbia to expose industrial working conditions. [B] the Chicago World’s Fair. [C] a summit conference of North and South American governments held in Colombia to promote industrial development in the Americas. [D] the first international labor relations conference held at Columbia University in New York City. [E] the meeting held in Chicago by the leaders of the major industrial unions, to find a method of cooperating in the struggle against big corporations. 2. The Interstate Commerce Commission was established to [A] investigate and oversee railroad activities. [B] encourage
The market mechanism of the Gilded Age was laissez-faire capitalism, an economic system based solely on the law of supply and demand, driven single-handedly by the motivation of entrepreneurs to generate profit, regulated purely by the ruthless competition between companies and owners. Such an economic environment inevitably resulted in monopoly and encouraged illegal business practices to get ahead due to the lack of government intervention. In this free-market capitalism, large companies were able to lobby the government and hurt, or even prevent other businesses from kickstarting and competing, by controlling the nation’s political outcomes through financing its politicians. These robber barons running these billion-dollar companies extracted the maximum profits from labor by bitterly preventing their employees from organizing unions. Ultimately left with a monopoly, these companies were able to deceive their consumers about their products and were to set skyrocket prices without any competition for customers to turn to for cheaper alternatives.
After the Civil War, the United States went through a period of rapid industrialization which affected the nation dramatically. Industrial growth, the spread of railroads, the rise of big businesses, and the appearance of labor unions during these decades created a modern industrial economy, and American workers and farmers faced new challenges in adapting to these changes.
The decades after the Civil War rapidly changed the face of the United States. The rapid industrialization of the nation changed us from generally agrarian to the top industrial power in the world. Business tycoons thrived during this time, forging great business empires with the use of trusts and pools. Farmers moved to the cities and into the factories, living off wages and changing the face of the workforce. This rapid industrialization created wide gaps in society, and the government, which had originally taken a hands off approach to business, was forced to step in.
“As the growth of industrial development increased so did the accumulation of massive industries and corporations”. This had changed The United States of America into being urbanized instead of being a rural area. Then many businessmen like Andrew Carnegie, John D Rockefeller, and Cornelius Vanderbilt had big industrial tycoons which had a massive benefit for them and for their society because they had an increase in mass production which ultimately changed the face of the United States of America from being a rural society into being an urban society.