4_TOCy Work PPT

4_TOCy Work PPT - 1 “out-Yankee the Yankees” Redefining...

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Unformatted text preview: 9/1/2010 1 “out-Yankee the Yankees”: Redefining American Work in the Gilded Age Industrial America: Industrial America: New Problems and New Solutions New Problems and New Solutions New Costs and New Compensations New Costs and New Compensations The Railroads: America’s first “big business” America s first big business Steel: Nexus of Innovation Two Industries: Four Major Issues Two Industries: Four Major Issues Finance P: How to pay for this? S: Sell stock in the RRs Æ NYC, Wall Street, etc. Mgmt P: Logistics— how to keep all this from collapsing into a train wreck . . . Literally! 9/1/2010 2 A. S: Standardization Time Zones Air brakes B. Solution: Specialization Specific jobs and training Bureaucracy Professionalization of labor—via degree Labor Relations P: Fragmentation S: Collective bargaining Business and Government P: Loopholes S: Regulation (like this S: Regulation (like this governor’s letter allowing a RR charter to be revoked) 9/1/2010 3 Jay Gould “Commodore” Vanderbilt John D. Rockefeller seized on the RRs expansion to advance his petroleum industry through vertical integration—RRs shipped only his oil Andrew Carnegie Poor immigrant boy to wealthiest man in world Works through...
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4_TOCy Work PPT - 1 “out-Yankee the Yankees” Redefining...

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