Post Civil War Economy

Plows mechanical reapers c big business i railroads

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Plows/ mechanical reapers c. Big Business i. Railroads- monopoly- only had one choice of who to buy from ii. Workforce got 10x bigger for industries
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iii. Vertical/Horizontal Integration iv. Corporations came out for the first time v. By using stocks, could raise fund on big scales vi. Controlled by people shareholders- longevity end other businesses 5. New Immigration i. Unlike old: southern and eastern Europe ii. Italian catholics iii. European jews/Russians came later on iv. Greater number- cheaper transportation v. Modernization in Europe> more imm> landlords evicted tenants to consolidate their land> no need for the workers vi. Left because of gov policies vii. Applied to jews viii. Opportunity: American Dream ix. Main reasons for coming- to work x. Most were unskilled xi. Worked because am industry needed large # of unskilled workers xii. Between twenty and thirty percent- Italians returned back to Italy because they would work there when times were good and return to America when times were bad in italy b. Asian Immigrants: i. Chinese exclusionary act 1. What was the Chinese Exclusion Act? - curbed immigration from China 6. Social Darwinism i. Survival of the fittest ii. nature, only the fittest survived—so too in the marketplace.
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