Notes 2008-01-16 - increasingly unpredictable and volatile...

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Indian Wars   Wounded Knee   The Gilded Age   Great Uprising of 1877   Pullman Strike   The Populists   Forsyth   Hotchkiss   Wounded Knee, December 1890: dead women and children. Indians suffered 146 dead. The US army lost 25 soldiers, but their initial force was much larger. Ended the long history of violent resistance. By 1890, the indigenous population had bottomed out.   Gilded Age: coined by Mark Twain. 1870s-1900. Called gilded because the surface looked much better than the reality. Massive population growth. Widening gap between the rich and the poor. Rise of the super-rich industrialists and the financiers. Workers' revolts.   1873 economic downturn. Labor activism and unions. Local politics. Looking for ways to protect themselves from an
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Unformatted text preview: increasingly unpredictable and volatile economy. Panic led to a long succession of workers' strikes, climaxing in the Great Uprising of 1877. This was the first nationwide strike. It began in West Virginia. Workers in the railroad industry were protesting a 10% wage cut. Many others were discontent with the railroads and the strike spread nationwide. Railroad traffic ground to a halt. Rioting persisted for a week and the federal army had to be called in. Depression of 1893. Much more serious than 1873. Major railroads went bankrupt. The stock market crashed. Banks closed. Nationwide unemployment hit 3 million. Jails were crowded with vagrants. A fresh round of strikes....
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