Post Civil War Economy

Iii herbert spencer 1 spencer also applied darwinian

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iii. Herbert Spencer 1. Spencer also applied Darwinian theory to human development, arguing that wealth and power were signs of fitness and that mankind benefited from intense competition and removal of the weak and unfit. 7. Gospel of Wealth a. By Andrew Carnegie i. His philosophy: what to do with your wealth ii. Philanthropy and giving back to community 8. Populsim a. Unlimited coinage of silver b. Graduated income tax c. Public ownership of railroads/telegraph/telephone d. Government subsides to assist in stabilizing agricultural prices e. Direct election of Senators f. Increased voter power 9. Labor Unions a. 1 st : national labor union
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i. founded in 1866 ii. wanted better working conditions higher wages, shorter house and inclusion of women and African Americans b. Knights of Labor i. Emerged under the leadership of Powderly ii. all inclusive- allworkers, women, minorities, iii. goal: was to secure to the workers full enjoyment of the wealth they created iv. the industrial system denied them a fair share of producers v. wanted to create a cooperative system of production vi. give workers economic independence vii. 8 hr day viii. so they could pursue moral/intellectual interests ix. haymarket Square riot: violent 1. Hay market riot?
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