Wabash st louis and pacific rr co v il 1886 reversal

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Unformatted text preview: alent, leading to the growth of our commercial society. 147 - Some symptoms of commercialization: higher life expectancy due to advances in medical care and better diets, more upwards mobility [education became key], flush toilets, processed and preserved foods, readymade clothing, department and chain stores, and my personal favorite, advertising. *Ideologies of the Time* - So what do you say when many small businesses are being ruthlessly crushed by mega-big moguls? It’s easy! Social Darwinism, originally advocated by Herbert Spencer, was taken over by Yale professor William Graham Sumner and stated that the survival of the fittest implied that the gov’t should stay out and let the rightful winners take their share. Monopolies = natural accumulation of power. - To add on to that, there was the Andrew Carnegie Gospel of Wealth concept: wealth carries moral responsibilities, and it’s good we moguls have it all b/c that way we can be the guardians of society. Gimme a break! Still, some industrialists did give a lot to charities. - It’s important to note that, though laissez-faire was the big concept, business leaders still pressed the gov’t for assistance, which it provided in the form of tariffs on foreign goods [allowed them to raise prices], subsidies, loans, and tax breaks. - Naturally, all this activity didn’t go by unnoticed, and some people certainly spoke out against it, portraying corporations as greedy and voicing fears of monopolies. - Some favored gov’t regulation or even som: in 1883 sociologist Lester Ward appealed for gov’t intervention and a cooperative philosophy in Dynamic 148 Sociology, in 1879 writer Henry George asked for a tax on the rise in property values in Progress and Poverty, and in 1888 novelist Edward Bellamy wrote of a utopian, council of elders controlled city where jobs were managed by a small elite in Looking Backward. - As a result of popular pressure, states began to prohibit monopolies. But a nat’l level of legislation was needed, and it only came in 1890 with the Sherman Anti-Trust Act, which was le...
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This note was uploaded on 04/02/2014 for the course APUSH AP United taught by Professor Orban during the Fall '10 term at Harrison High School, Harrison.

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