Youngstown Case

In the first two decades of the twentieth century, the United States experienced a large increase in political, economic, and social reforms. During this time, there had been an increase in urbanization, and industrial factories within the larger cities throughout the United States, particularly in the northeastern cities. With the addition of the industries and factories too populated also came a growing number of immigrants, and seekers of wealth and employment. As a result, the population increase would result in major issues which would overshadow the economic gains that came from industrialization. In addition, the rise of industrialization also brought about major issues within the populations of the city. After seeing

Shortly after the revolutionary war, the small town of Pittsborough, then renamed Pittsburgh began to develop into a very important center, specializing in trading and industry. The convenience of natural resources and technological advancement has ranked Pittsburgh as one of the leading industrial cities in the United States in the past. Historically, the city of Pittsburgh has created numerous manufacturing plants responsible for producing steel, iron, and other products for the U.S. economy that still exist today. The Encyclopedia Britannica explains Pittsburgh's economic might during this period:

“Chicago and the nation entered the Progressive era. …The 1901 steel strike ended in defeat for the union, and the once powerful Amalgamated slipped into irrelevancy. Chicago’s steel mills remained unorganized, yet U.S steel tried to sidestep Chicago radicalism by developing a whole new town just across the border in Indiana. Gary, Indiana became the center of the region’s steel industry. Not overtly planned in the tradition of Pullman but nonetheless a company town…”

Crises, such as the great railroad strike of 1877, Homestead strike of 1892, Pullman strike of 1894, and the depression of 1893-1894, were results from the rise of industrial capitalism. By 1900, America produced one-third of the world’s goods. Due to this, cities became polluted and overcrowded, and became breeding grounds for diseases like typhoid and cholera. The working situations were not much better, with unskilled industrial laboring class, child labor, low wages, locked fire doors, and allowance of toxic fumes in the factories; many people were disgusted by the way America’s economy grew, while its people were left in poor health.

It’s always good to start investing money at an early age, however, it’s a hard start. Many banks have improved interest rates as well as no opening fees to start a savings account. Stocks, such as health and technology are also currently going up. Billy should start by saving small amounts of money per week for two years and placing it in a savings account. He should also buy health and tech stocks, such as Johnson & Johnson (JNJ) and International Business Machines Corporation (IBM), and keep a diversified portfolio, along with buying bonds.

Following the Civil War and Reconstruction, the federal government was looking for a way to get the people motivated; motivated to work again, motivated to have a better life again, and then like an answered prayer we entered the ‘Gilded Age’. The rapid growth from 1865 to 1900 was brought on by the availability of money and resources. With entrepreneurs willing to take a risk with this money and new resources, extraordinary growth arose. Railroads were evolving everywhere and as a result the Steel industry started to rise. With this economic boom all people, especially the federal government, sought after means to sustain this sudden increase in the market. The United States government came up with a plan to promote industrial development

Of all the out-of-state businessmen who invested in Minnesota’s iron mines, Henry W. Oliver was the most influential. Oliver was rich, but he wasn't rich enough to pay

Railroads, “the great money-maker of the age” were a major part of the political, economic, and social development of the United States.1 After the panic of 1873, the United States experienced an economic depression which caused wage cuts, evictions, evictions, breadlines, and left as many as three million people unemployed. Even though some people were still able to keep their jobs, their wages were severely decreased up to the point that the workers do not have enough money to sustain their families. One such company is the Baltimore and Ohio (B&O) Railroad who cut the wages by 10 percent, and decreased their brakemen’s wage from $70 to $30 – the second wage cut in just eight months. The hardships that the workers experienced after the cutting

Carnegie and Frick represented the corporations looking to take advantage of the poor that were unable to empathize with ordinary citizen. However, surprisingly, the author reveals that both Carnegie and Frick came from humble backgrounds. Considering their mass exploitation of the immigrant worker and their ruthless fights against any form of workers union, they had to struggle to reach their goals. However, their own life experiences gave them no sympathy towards their fellow man, which is a blatant example of the ugly side of capitalism that Finn has described (1). The Homestead mill was the product of Carnegie’s first success in the steel mill business. It quickly became the most famous steel mill in America. It was famous for producing the steel used for America’s first skyscrapers and suspension bridges. However, the conditions were abysmal. It was reported that workers slept in the alleys behind the mills, and that there was no sewage system. Instead, trenches were used that would stagnate in the rain. These terrible conditions came on top of a job that paid 14 cents an

In the mid-nineteenth century, industrial America witnessed an evolving struggle between labor and big business. Although fiercely opposed by industrialists, rising labor movements in the steel and iron industries, which had become increasingly critical to the U.S.’ modernization and emergence as a world power, experienced initial success for decades up until the early 1890s. The strongest union in the industries, the Amalgamated of Iron and Steel Workers (AAIS) was able to garner support from an increasing membership and national recognition from other labor organizations as well as from the press, and in 1892, rose to meet the challenge of the powerful Carnegie Steel Company.

Steeltown U.S.A begins with explaining the geography of Youngstown. It talks about the landscape and the rise of the steel valley. The biggest hit to Steeltown was the closing of the “Jenny” this caused the towns economy to collapse. Steeltown is what we know as Youngstown today. Youngstown received it’s name from John Young who originally purchased the land in 1797. As the book continues we are shown artists and songs from Youngstown. We are also told about the medias influence on the Youngstown name, how they portrayed the murders and arson that have occurred in the town. The people who now live is this once great city are just left with memories of the past depict their efforts to save the

Emmett Slaughter was walking through the old Pullman Company building. It was cold, all he could hear was the screeching of the old metal that was about to collapse. The building was condemned but Emmet used to work there so he wanted to see it one last time, so he snuck inside to take one good last look. Upon looking through the building he started to remember the Pullman company strike that happened on May 11, 1894. That was the time he learned to fight for what he believes in without violence.

Before unionizing with the Amalgamated Association of Iron and Steel Workers (AAISW), the American motherland’s most influential union, the Carnegie’s steelworkers were treated horribly in many ways by management. Management did not respect or value the

While organized labor’s storied history demonstrates remarkable achievements, there has been a downside for the American economy. By way of example, the formerly dominant U.S. steel industry serves to remind of an time when poor management, global competition, and union excess were necessary causes of a dramatic and rapid industry decline.

According to the six stages of setting price, ①we have to select the pricing objective. Since Cumberland is in the level of introducing CMI, they have to pursue product-quality leadership which is to offer “affordable luxuries” for now and consider about maximizing profit later. ②The second stage is to determine demand. So, Cumberland has to consider consumers’ price sensitivity - in this case sensitive to quality. Therefore, we should think about the benefit to consumers (in question 1-2 EVC)