1-30 - warfare Government claims it doesn’t have...

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Wed, Jan, 30 th Positive effects on corporate form. 1. Industrialization – more jobs 2. As opposed to farmer relying on crop, more of a steady income. 3. Ability to buy goods being manufactured 4. Can bring anyone prosperity, personally. Horatio Alger – newspaper man – wrote about going from rags to riches. Andrew Carnegie – classic rags to riches story. Came from educated, but poor family. Began in a textile factory at the lowest position. Connections, hardwork, ruthlessness, all lead to becoming leader of steel. Most of the poor will die poor. How far will one go to secure financial stability. Time punch clock – new invention. Most workers worked 10-12 hour days for 6-6.5 days a week. De-skilling – someone can fill your spot in a factory within minutes. No skilled labor. The managers got to where they are through training. These factors brought about a wage gap. Factory worker 500-600/yr. managers – 1500-3000/yr. Class
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Unformatted text preview: warfare. Government claims it doesn’t have responsibility for workers’ rights. Keep convincing people that they can prosper. Train companies ask government for land grants. Many times gov’t gave to them for a cheap price (i.e. dollar/yr) Laissez-faire – hands off policy. Leads to corporate abuse. 1880’s and on. Small groups of factory workers, famers etc. form the populist party(People’s Party – 1892) Populism is diverse and fails, yet still remains. Every candidate represents themselves as a person of the people. Pitchfork Ben Tillman – segragationalist gone populist. Sharecropping – many slaves back to work on plantations w/ their own little plot of land. Gold v. silver – dominated presidential campaigns. Tariffs -...
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