Moral ambiguity and political paralysis are two phrases that perfectly describe the confusing time of the Gilded Age. Cornered by big business, the United States was beginning to feel the effects, good and bad, of this domination from Trusts and Monopolies. Yet a conclusion must be met, did theses Monopolies hurt or help society as a whole, and history has decided that these gargantuan Enterprises were the bane of the late 1800’s. Now this may be dismissed as an opinion, yet one thing was certain, every aspect of one’s life was altered at the whim of the corporations. The way history is perceived is decided by the victors, and, in this case, the victors were the laborers. After years of suffering and striking, governmental reforms such as the Sherman Anti-Trust act finally allowed the Federal Government to break up the behemoths of industry. Yet, in reality, the Monopolies did aid society in many ways. The population of the U.S. was growing and people needed jobs. These Monopolies were there to hold the torch. Although offering only long hours and low wages, they allowed their employees to feed their families. If Big Business had not produced so many jobs many would be without work and unable to support their families …show more content…
After all, these corporations had to acquire their power and extensive business from somewhere, and that place is usually the vicious and ruthless cornering of competition. These companies would either attempt to buy out all of the competition as John D. Rockefeller did or corner and dominate a market with vertical integration as Andrew Carnegie. Vertical integration being one company owning every step of their products process, and John D. Rockefellers version called horizontal integration, where he owned all companies doing one step of his products process. Though John D. Rockefeller did incorporate vertical integration later into his own
During the Gilded Age—a period that began in the 1870s wherein the United States experienced tremendous economic growth—affluent industrialists such as John D. Rockefeller, Andrew W. Mellon, Cornelius Vanderbilt, J.P. Morgan, and Andrew Carnegie exercised, owing in large part to their wealth, enormous influence over the direction of American politics. Though left unaddressed during the Gilded Age, the issue of corporate involvement in political affairs was eventually identified as a corrosive problem in President Theodore Roosevelt’s 1904 State of the Union address. In his address, Roosevelt asserted that corporate spending in federal elections had the potential to engender corruption—or the appear...
The Gilded Age refers to a period in which things were fraudulent and deceitful; the surface was clinquant while underneath that lustrous coat laid corruption. During the Gilded Age companies recruited to corrupt methods to further increase profits, leading to an increase in power, rapid economic prosperity, and domination of industries, leading to monopolistic corporations. As a result, antitrust laws to regulate business began to emerge in the late 19th and early 20th century known as the Progressive Era. Among these companies was Standard Oil, which was founded in 1870 by John D. Rockefeller; in 1880, Standard Oil was responsible for refining 90 percent of America’s oil and between 1880-1910, dominating the oil industry (Marshall). The lack of intervention from the government and regulations impeding monopolistic practices allowed Standard Oil to
During the early nineteenth century, the United States began to expand rapidly. Industry and factories began to become the dominant economic powerhouse in the United States, quickly overrunning the traditional farmer industry. During this time period resources, state legislatures, and judges began to bend towards those that were seen as expanding the economy rather than the bystanders. Law began to favor dynamic property that was seen as expanding the economy and doing good for the people of the country, rather than static or not expanding property. The priorities of the country began to change and can be seen through trial outcomes and the actions of the state legislatures.
Have you ever wondered what it would have been like to live in this world and country during the transition from a rural; agriculture society to an economic nation rise of an industrialized society? Well that is exactly what the people of the Gilded Age experienced. It was a time of a dramatic business and political practice. In order for the business’s to rise there soon became a great amount of separation towards the people and the country. This caused our society to experience a stressful time and made it very difficult for ideas and concepts to equal out. Throughout this specific document there are four sources that were written by different individuals. Each and every source has an explanation and an overview of the times in the Gilded Age.
The Transportation Revolution in the 1800s, sparked up industrialization and the building of railroads that stimulated every other industry causing an economic boom known as the Gilded Age. From the outside, America seemed like the place to go to make all your dreams come true. But in reality, in was an era of serious social problems mainly caused by an economy with a free market policy, low tariffs, low taxes, less spending, and a hands-off government. This type of economy would eventually lead to the development of monopolies. These monopolies would then, in turn, lead to worker uprisings ‒caused by the suppression of unions created mostly by unskilled workers‒ that would contribute to the rapid rise and downfall of America. An example of this suppression is the Homestead Strike of 1892; due to hostility created by the unions, the employer fired all the workers, and rehired them on the basis that there would not be any more unions. After the workers started working again, the conditions were still unbearable, so the workers shut down the facility. The police got involved, the workers were pushed back, and the facility was reopened union free.
The organized labor movement from 1875 to 1900 is to blame for the problems unions face today as early labor unions crucified themselves politically, alienated themselves socially and failed to increase the socio-economic position of the worker, and in many cases only succeeded in worsening such positions. The political crucifixion of the early blue-collar industrial worker was directly caused by organized labor. Before such ‘organization, existed, workers flew under the political radar in the best of ways. They were allowed to live peaceful lives and given the unalienable right to life, liberty and the pursuit of happiness. In fact, the commodore Andrew Carnegie had achieved the American dream in his rags to riches advancement and he offered the same opportunity to each of his workers.
The social and economic developments of the last quarter of the nineteenth century drastically changed the United States. The business world changed once industrialization was introduced to the world. Opportunities grew as people heard about the boundless American opportunities. Immigrants from all races flooded the cities which doubled in population from 1860-1900 (Barnes and Bowles, 2014, p. 34). However, as industries grew, owners prospered off the hard work of others. People started to feel they were not being treated fairly. People had to work harder and longer for their money. Barnes and Bowles (2014) noted “In the era of industrialization, millions of workers fought to simply have the right to work in safe conditions, and earn a fair wage” (p. 45). Many Americans feared that giant corporations would one day seek to restrict the ability of common people to get ahead and curtail individual freedoms. These fears were particularly strong among farmers, laborers, an...
The life of an immigrant in the United States during the Gilded Age was a rough life. During this time period the U.S. went through a dramatic change in dealing with changing infrastructure and masses of people coming over from different countries for a chance at a better life. This time period was characterized by small wage jobs, poor working conditions and the struggle to survive. The Jungle embodies the themes of the Gilded Age with first hand experiences of an immigrant's hardships of life.
Expansive growth was the moniker which expressly defined the Gilded Age. Industry in all sectors, witnessed massive growth leading to the creation of an American economy. Due to the rapidly changing nature of industrialization important men of both the public and private sectors attempted to institute their own controls over it. However this transforming landscape integrated both economic and political changes, but also cultural and social interactions. In turn, those who controlled the flow of business would also steadily impact the American social scene by extension. Alan Trachtenberg, professor of American studies at Yale and author of The Incorporation of America, argues that the system of incorporation unhinged the idea of national identity that all American’s had previously shared. As a result incorporation became the catalyst for the great debate about what it meant to actually be American, and who was capable of labeling themselves as such. Throughout his work Trachtenberg consistently tackles the ideas of cultural identity and how those ideas struggled against one another to be the supreme definition of Americanism. This work not only brings to life the issue of identity but it attempts to synthesize various scholarly works into a cohesive work on the Gilded Age and demonstrates that concepts developed during the incorporation of the time period have formed the basis for the American cultural, economic, and political superstructure. The Incorporation of America sets a high standard for itself one in which it doesn’t necessarily meet; however the work is still expansive and masterful at describing the arguments of the Gilded Age.
Beginning in the late 1700’s and growing rapidly even today, labor unions form the backbone for the American workforce and continue to fight for the common interests of workers around the country. As we look at the history of these unions, we see powerful individuals such as Terrence Powderly, Samuel Gompers, and Eugene Debs rise up as leaders in a newfound movement that protected the rights of the common worker and ensured better wages, more reasonable hours, and safer working conditions for those people (History). The rise of these labor unions also warranted new legislation that would protect against child labor in factories and give health benefits to workers who were either retired or injured, but everyone was not on board with the idea of foundations working to protect the interests of the common worker. Conflict with their industries lead to many strikes across the country in the coal, steel, and railroad industries, and several of these would ultimately end up leading to bloodshed. However, the existence of labor unions in the United States and their influence on their respective industries still resonates today, and many of our modern ideals that we have today carry over from what these labor unions fought for during through the Industrial Revolution.
The post-Civil War years between 1865 and 1900 were a time of immense social change and economic growth in the United States. This time period, commonly referred to as “The Gilded Age,” saw an end to Reconstruction, rapid industrialization, and new wealth. Despite these achievements, however, the era between Reconstruction and the beginning of the twentieth century was plagued by political stalemate, a decline of human values, increased materialism, and widespread corruption.
Mark Twain collaborated with Charles Dudley Warner on The Gilded Age: A Tale of Today. Published in 1973, as Twain’s earliest work of extended fiction, The Gilded Age gives a name to the period of opulence and corruption at the end of the 19th century. Portraying the superficial luxury of Washington and high society, the authors describe “The general laxity of the time, and the absence of a sense of duty toward any part of the community but the individual himself” (Twain 203). Twain’s The Gilded Age, like Wharton’s The Age of Innocence focuses on high society. Yet, the imperfections in the gilding betray the dramatic change of the period. Forces of corporatization, unionization, immigration, urbanization, populism, post-reconstruction racism and machine politics were among the drastic changes in American lifestyle churning beneath the brittle “gilded” surface.
During John D. Rockefeller’s financial career in The Gilded Age, he used many cutthroat practices to ensure that local competitors would not challenge and he would have control over the market of oil with his Standard Oil Company. In order to make sure he controlled the oil market, he used what was known as horizontal integration. This name became the label for the process of eliminating any potential competition from the market that one wishes to succeed in. In order to establish a virtual monopoly over the oil market, Rockefeller used clever strategies to do so. John Rockefeller used “his firm's superi...
During the 1800’s, business leaders who built their affluence by stealing and bribing public officials to propose laws in their favor were known as “robber barons”. J.P. Morgan, a banker, financed the restructuring of railroads, insurance companies, and banks. In addition, Andrew Carnegie, the steel king, disliked monopolistic trusts. Nonetheless, ruthlessly destroying the businesses and lives of many people merely for personal profit; Carnegie attained a level of dominance and wealth never before seen in American history, but was only able to obtain this through acts that were dishonest and oftentimes, illicit. Document D resentfully emphasizes the alleged capacity of the corrupt industrialists. In the picture illustrated, panic-stricken people pay acknowledgment to the lordly tycoons. Correlating to this political cartoon, in 1900, Carnegie was willing to sell his holdings of his company. During the time Morgan was manufacturing
Even though monopolies are illegal, public corruption allows companies to form and continues to be a problem today. In an article published by the Los Angeles, Anh Do