US History: Industry, Business, and Labor PDF

Summary

This document provides an overview of key aspects of American industrial and business history. It covers important events such as the Transcontinental Railroad, the Railroad Act of 1862, and the activities of prominent industrialists like JP Morgan and Rockefeller.

Full Transcript

Industry, Business, and Labor ​ Transcontinental Railroad: A railway system completed in 1869 that connected the eastern and western United States, facilitating trade, migration, and economic expansion. ​ Railroad Act of 1862: Legislation that provided government support for the const...

Industry, Business, and Labor ​ Transcontinental Railroad: A railway system completed in 1869 that connected the eastern and western United States, facilitating trade, migration, and economic expansion. ​ Railroad Act of 1862: Legislation that provided government support for the construction of the transcontinental railroad, including land grants and financial incentives. ​ Central Pacific & Union Pacific Railroads: The two railroad companies responsible for building the transcontinental railroad from the west and east, respectively. ​ Impact of the Railroad: Railroads spurred industrial growth, opened new markets, led to the expansion of cities, and contributed to the decline of Native American resistance. ​ J.P. Morgan, Rockefeller, Carnegie, Vanderbilt: Key industrialists and financiers who dominated banking (Morgan), oil (Rockefeller), steel (Carnegie), and railroads (Vanderbilt). ​ Vertical Integration: Business strategy in which a company controls all aspects of production, from raw materials to finished products (e.g., Carnegie Steel). ​ Horizontal Integration: A method where a company consolidates or merges with competitors to create a monopoly (e.g., Rockefeller’s Standard Oil). ​ Bessemer Process: A method for producing steel efficiently, which revolutionized construction and manufacturing. ​ Sears & Roebuck: A major mail-order retailer that expanded consumer culture in rural America. ​ Social Darwinism vs. Social Gospel: Competing ideologies; Social Darwinism applied "survival of the fittest" to justify wealth inequality, while the Social Gospel promoted Christian responsibility for social justice. ​ Gospel of Wealth: Carnegie’s philosophy that the rich should use their wealth for social good. ​ Laissez-faire Economics: The idea that government should not interfere in business, promoting free markets and minimal regulation. ​ Samuel Gompers & Unions: Gompers led the American Federation of Labor (AFL), advocating for skilled workers' rights. ​ Railroad Strike of 1877: The first major labor strike in the U.S., sparked by wage cuts and suppressed violently. ​ Haymarket Riot (1886): A labor protest in Chicago that turned violent, leading to anti-labor sentiment. ​ Sherman Antitrust Act (1890): First federal law aimed at breaking monopolies and trusts. ​ Interstate Commerce Act (1887): Regulated railroad rates and prevented unfair practices. Indian Wars & Native American Policy ​ Homestead Act (1862): Gave settlers 160 acres of land for free if they improved it over five years, encouraging western migration. ​ Treaty of Fort Laramie (1868): Established reservations for Native Americans, but was often violated. ​ Modoc Wars, Little Big Horn, Wounded Knee: Conflicts between Native American tribes and the U.S. military, symbolizing resistance and ultimate defeat. ​ Dawes Act (1887): Attempted to assimilate Native Americans by dividing tribal lands into private plots. ​ A Century of Dishonor (1881): Helen Hunt Jackson’s book criticizing U.S. treatment of Native Americans. ​ Chief Joseph, Geronimo, Crazy Horse, Sitting Bull: Prominent Native American leaders who resisted U.S. expansion. Immigration ​ Old vs. New Immigration: Old immigrants (pre-1880) came from Northern and Western Europe, while new immigrants (1880-1920) arrived from Southern and Eastern Europe. ​ Chinese Exclusion Act (1882): First U.S. immigration law to ban a specific ethnic group. ​ Ellis Island & Angel Island: Major immigration processing centers on the East and West coasts. ​ Americanization: Efforts to assimilate immigrants into American culture, often through education and civic rituals. Race & Civil Rights ​ Plessy v. Ferguson (1896): Supreme Court case that upheld racial segregation under the "separate but equal" doctrine. ​ Jim Crow Laws: State laws enforcing racial segregation in the South. ​ WEB DuBois vs. Booker T. Washington: DuBois advocated for immediate civil rights and higher education, while Washington promoted vocational training and economic self-sufficiency. ​ Ida B. Wells: Journalist and activist who fought against lynching. Politics & Corruption ​ Political Machines & Boss Tweed: Organizations that controlled local governments through patronage and corruption (e.g., Tammany Hall). ​ Pendleton Civil Service Act (1883): Ended the spoils system by requiring government jobs to be awarded based on merit. ​ Populist Party & William Jennings Bryan: A political movement representing farmers and laborers, advocating for free silver and economic reform. Agriculture & the West ​ Frederick Jackson Turner’s Frontier Thesis: Argued that the American frontier shaped the nation's character. ​ Grange Movement: A farmers' organization that sought economic and political reforms. ​ Railroad & Farmers: Farmers suffered from high railroad fees, leading to calls for regulation. ​ Barbed Wire: Revolutionized farming by allowing settlers to fence in land and protect crops from cattle. ​ Demise of Bison: Overhunting and habitat destruction led to the near-extinction of buffalo, devastating Native American cultures.

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