I most of these captains of industry used their money

This preview shows page 2 - 4 out of 7 pages.

i) Most of these Captains of Industry used their money in philanthropic efforts – building museums, theaters and libraries in communities (1) Andrew Carnegies Gospel of Wealth ii) Social Darwinism justified the dominance of these men in society iii) Inventions and technology arose due to this time period (1) Communication became more effective (2) Thomas Edison and his Westinghouse began to experiment more with electricity (3) Consumer goods were newly advertised through unique methods which had not previously been used. In essence, advertising began to become more like propaganda iv) Businessmen tried to convince Americans that all people could be like them with effort (1) Horatio Alger myth that you can rise from your middle class lifestyle to wealth 4) Impacts a) Wages increased and laws were passed to set a minimum wage b) The middle class – although largely separated from upper class – began to expand c) Young and single women had more job opportunities, but were still very rare. d) Labor discontent grew i) Lots of death and illness grew because of poor working conditions ii) Most people quit the workplace rather than try to reform it e) People tried to organize labor i) Businesses did whatever they could to prevent labor organization (1) Lockouts (2) Blacklisting (3) Yellow-dog Contracts (4) Private Guards (5) Court Injunctions ii) Different organizations were made as an attempt (1) National Labor Union – too broad requirements to join and had too many people (2) Knights of Labor – included nearly all workers, hit high membership, some success, but eventually failed. (3) American Federation of Labor – Craft Unions which were limited and most successful when compared to the other two
Image of page 2

Subscribe to view the full document.

iii) Strikes (1) Railroad strike of 1877 – tycoons cut wages hoping to make more profit, through workers of numerous industries into outrage, causing the president to send in federal troops to resolve the problem (2) Homestead strike – workers began to strike, and were stopped by weaponry. Made the union movement seem violent and radical (3) Pullman strike – Pullman began to pay workers less, causing a strike of all Pullman cars. Later, a court injunctions forced workers to work, leaving them with poor working conditions. The Rise of Industrial America 1865-1900 What combination of factors resulted in rapid US industrial growth in the late 1800’s? In the late 1800’s the US overtook Great Britain as the world’s largest source of manufactured goods Abundant natural resources o The US was its own source of the raw materials necessary for industrialization o Coal, iron ore, copper, lead, timber, and oil Abundant labor supply o High immigration between 1865 & 1900 o Increased supply of laborers and high demand for industrial jobs made labor cheap Capital (wealth or money) for investing in American businesses Laborsaving technological advances o 440,000 new patents were submitted by the US government from 1860 to 1890 Pro-Business government policies o Protection of private property o
Image of page 3
Image of page 4

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern