Presentation on theme: "Business Gets Bigger. National Banks + Tariffs Established during the Civil War Boom and bust on frontier encouraged Republicans National Banking."— Presentation transcript:
Business Gets Bigger
National Banks + Tariffs Established during the Civil War Boom and bust on frontier encouraged Republicans National Banking system Provided capital for railroads Stabilized economy against speculation Protective Tariffs Textiles, steel, wool and sugar
Big Business Leaders Captains of Industry or Robber Barons? John D. Rockefeller-Oil Andrew Carnegie-Steel JP Morgan-Finance Jay Gould-Railroads Gustavus Swift-Meat Packing
Think about it… How do customers benefit from vertical combination? Why does horizontal integration undermine benefits of capitalism?
William Graham Sumner & “Social Darwinism” A drunkard in the gutter is just where he ought to be, according to the fitness and tendency of things. Nature has set upon him the process of decline and dissolution by which she removes things which have survived their usefulness. A good father believes that he does wisely to encourage enterprise, productive skill, prudent self-denial, and judicious expenditure on the part of his son. One thing must be granted to the rich: they are good natured.
A National Consumer Culture Advertising A new field Magazines billboards Catalogs and mail order Consumption and deflation
Economy Unites rEqual access…rural & urban
Corporate Workplace Women at work Ranks Professions piecework Retail Managers Salesmen
On the Shop Floor Blue-collar v. White-collar Mass production Scientific management Skilled v. unskilled Race and work
FRQ . Andrew Carnegie has been viewed by some historians as the “prime representative of the industrial age” and by others as “an industrial leader atypical of the period. Assess the validity of these views. (1986)