jan31 - January 31, 2011 Big Business and Labor U.S is 4th...

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January 31, 2011 Big Business and Labor U.S is 4 th among manufacture liquid capital=cash not tied up/ can invest amazing natural resources and exploit coal, iron, and oil Massive immigrat unskill very cheap and plentiful Technique of mass production Eli Whitney=cotton gin Cash register, typewriter<-attracted women into labor forces refrigerador car in railroad Carnegie=Steel. Rockefeller=oil led way in development new corp rose from child fact worker sold stocks use classic accounting procedures Vertical integration= key strategy owns everything vertically(everything that has to do with processing steel) transport steel. ..etc Horizontal integration=monopoly. ..owns and buy up all businesses in industry Rockefeller owns all oil industry Robber barrens=fix prices force small business out of businesses Competition favor consumer not producer Late 19 century: corporate business slide Republicans promote businesses Government ruled by Republicans at this time Congress pass many pro business laws Court case Santa Clara County vs. Southern Pacific Railroad (1886)
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This note was uploaded on 01/28/2012 for the course HIST 2112 taught by Professor Sutter during the Spring '07 term at University of Georgia Athens.

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jan31 - January 31, 2011 Big Business and Labor U.S is 4th...

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