days of the American Industrial evolution‚ names such as Carnegie‚ Morgan and Rockefeller regularly appeared in leading newspapers around the country. These were family dynasties that literally cornered the market on essential industries‚ including railroads‚ iron ore and coal. If the industrialist in question used his political and corporate influence for his own selfish ends‚ he could be described as a robber baron. If the same powerful industrialist used his wealth to improve the lives of others or
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take action into their own hands by forming trade unions beginning in 1827. By the decade after the Civil War‚ the problems faced by workers were growing still‚ and more national responses were developing. The Great Upheaval of 1877‚ a series of strikes and boycotts by railroad workers throughout the nation‚ sparked the coming of the “labor question” which‚ at its core challenged society to rethink the meaning of the rights held by workers. Although the late nineteenth century was only a start of a
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into a relaxed‚ easy-going fellow‚ a good conversationalist‚ and a keen observer of human nature. He genuinely loved people and was interested in their thoughts and problems. When travelling by train‚ he invariably sat in the smoking car‚ eager to strike up a conversation. He had a remarkable memory for the names and faces of the most casual acquaintances. As a politician he respected the opposition and welcomed constructive criticism. Although not regarded as a great orator in his day‚ he delivered
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P. Morgan had started before the war‚ as the son of a banker who began selling stocks for the railroads for good commissions. During the Civil War he bought five thousand rifles for $3.50 each from an army arsenal‚ and sold them to a general in the field for $22 each. The rifles were defective and would shoot off the thumbs of the soldiers using
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Chapter 18 Notes The Rise of Industrial America‚ 1865-1900 The Rise of Corporate America • In the early nineteenth century‚ the corporate form of business organization was used to raise large amounts of start-up capital for transportation enterprises such as turnpikes and canals. o By selling stocks and bonds to raise money o Corporation separated the company’s managers from the owners ▪ Company’s managers – guided the day-to-day operations ▪ Owners –
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Rebels") summary Chapter 11‚ “Robber Barons and Rebels” details events occurring in 1877 and beyond. During this time‚ labor was rewarded depending on race‚ sex‚ nationality‚ and social class. Steam and electricity replaced jobs and increased efficiency. New inventions‚ such as manufactured ice‚ the telephone‚ and the adding machine‚ allowed the meat industry and other companies to become feasible. The railroads became a big industry of the time‚ and bribed many officials. The monopolization of industries
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to members of the general public being corrupt‚ members of the federal government also participated in unethical actions. The Credit Mobilier scandal erupted in 1872 when Union Pacific Railroad insiders formed the Credit Mobilier construction company and then hired themselves at inflated prices to build the railroad line‚ earning high dividends. When it was found out that government officials were paid to stay quiet about the illicit business‚ some officials were censured. The Liberal Republican
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Unit 7 Review Sheet Accomplishments/Failures of Progressive Era: Passed reforms regarding Farmers and the Union workers. BUT no legislation regarding African Americans and racism. TR almost did w/ Booker T but received bad reviews from public. AFL (goals/tactics): Led by Samuel Gompers; an alliance of skilled workers in craft unions; concentrated on brea-and-butter issues such as higher wages‚ shorter hours‚ and better working conditions. Aligned w/ Democratic Party under Wilson. Alfred Mahan
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child labor from existence‚ to do away with convict contract labor as they opposed the source of cheap labor taking jobs away from workers who needed a job; and equal pay for all their workers. In the early goings‚ they were opposed to the use of strikes however that trend changed and work stoppages had become a very good tool to use. The Knights of Labor had reached its apex in 1886 with over 700‚000 members however their organizational structure was not up to the task and the movement was all but
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As a result‚ thousands of workers joined the ARU and went on strike led by Eugene Debs. However‚ the powerful railroad executives decided to break the strike by bringing strikebreakers from among jobless easterners. Also‚ They managed to involve the Federal troops by pretending that the Pullman strikers refused to move the US mail cars—which was a lie—and invoking the Sherman Anti-Trust Act. When the Union refused to stop the strike‚ Debs was jailed by the federal troops. The interaction between
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