Lecture Notes Aug 31 & Sep 2 AMH

Lecture Notes Aug 31 & Sep 2 AMH - INDUSTRIALIZATION...

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A. The Great Scientific-Technological Revolution -People fighting for equal rights might have been the good guys. - The new west: frontier thesis—west is becoming transformed, white settlement spreads, Indians become restricted, economic development D. The Crisis of the 1890s Point of Lecture—Industrialization changed the face of American business. Before it America was a land of small producers and small businesses. After it America was a land of large corporations with more & more people working for others & often in unskilled jobs. Industrialization—the application of machinery to the means of production. THE SCIENTIFIC-TECHNOLOGICAL REVOLUTION 1. The Communications Revolution—telegraph, telephone 2. The Transportation Revolution—railroads INDUSTRIALIZATION & BUSINESS—THE EMERGENCE OF THE LARGE CORPORATION Old Business forms—sole proprietorship, partnership Early corporations—few, limited in economic activity that could be legally undertaken. No general incorporation laws, overtones of monopoly, connected with public works
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Lecture Notes Aug 31 & Sep 2 AMH - INDUSTRIALIZATION...

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