Late 19th century

Late 19th century - Late 19th century(Gilded age Big business rise of corporate capitalism Andrew Carnage John D Rockefeller(tycoons Carnage US

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Late 19 th  century (Gilded age) 13/02/2008 10:02:00 Big business, rise of corporate capitalism Andrew Carnage, John D Rockefeller (tycoons) Carnage: US Steel  Largest corporations were forming trusts: monopoly control over American  economy Ownership of the railroad network was concentrated by JP Morgan   Argument: the consolidation of big firms was natural and inevitable, brought an  end to the wasteful and chaotic competition, more efficient production of goods and  services—lower prices, higher wages.  Critics: Small businessmen, consumers, farmers, industrial workers. “robber barons”: tycoons, used their economic power to illegally smash their  competitors, the public, and their stock holders; Not improving America, paralleled by  poverty. The rule of the robber barons had lowered the morality of the entire nation. “Thanks to the influence of the robber barons, the only crime in American society is 
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This note was uploaded on 04/17/2008 for the course HIST 1200 taught by Professor Miller during the Spring '08 term at Missouri (Mizzou).

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Late 19th century - Late 19th century(Gilded age Big business rise of corporate capitalism Andrew Carnage John D Rockefeller(tycoons Carnage US

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