02_07_2008[1]

02_07_2008[1] - Notes (Crisis of the 1890s) Overview...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Notes – (Crisis of the 1890s) Overview Division – Andrew Carnegie and Social Darwinists believed that people build themselves up from nothing (those who are meant to rise to the top, shall without aid) Question – What is the role of government in society (particularly the economy)? “Great Crisis” of Industrial Economies Overproduction and Overpopulation The first people to feel the real effects of this are those at the bottom Overproduction makes workers useless (nothing to do) No money for poor After 1893, unemployment is above 20% (average estimate – in many jobs this number was much higher) Mid 1894, at least 4 million people were unemployed Depression – Low wages and low prices and no determined time or way to end Repression – Same as depression but is fixable 1890s – Government Policies Made Things Worse Laissez-faire Policies o Tariff – taxes on imports to protect US economy (people wouldn’t buy cheap foreign goods)
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/21/2012 for the course HIST 1310 taught by Professor Marshall during the Fall '08 term at Texas State.

Page1 / 2

02_07_2008[1] - Notes (Crisis of the 1890s) Overview...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online