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Unformatted text preview: • Wealth and poverty both a result of industrialization • 1870 percentage of world goods from US <25% • 1890 nearly 1/3 in 1890 • Distribution of wealth widened. 10% owned 73% of wealth • Horatio Alger-wrote children’s books about homeless orphan street boys. Kids worked hard and succeed. Great American hope of upward mobility summarized by Alger. • Andrew Carnegie-rags to riches. Ended up being a steel baron. “Gospel of Wealth”-completion good for society b/c it ensures survival of the fittest. So inequality is part of life. Philanthropist. • Vanderbilt’s also rags to riches. Biltmore. • Samuel Clemons aka Mark Twain-Gilded Age(looks beautiful but is not real)-Twain says business practices are contraditcory...
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This note was uploaded on 05/15/2011 for the course AMST 101 taught by Professor Kasson during the Spring '09 term at UNC.
- Spring '09