It can be argued that the economic achievements of the Gilded Age looked different from the eyes of a shop floor worker, compared to the eyes of a corner office business owner. Thomas O’Donnell, a textile worker, gives a testimony before the U.S.Senate about the hardships workers during the Gilded Age go through. Factory workers knew that profits meant low wages, long hours, and frequent unemployment, while their employer would attain large sums of money and power. Thoma O’Donnell explains to Senator Blair that wage workers only had jobs as they were hired and how workers were often fired and then replaced by machines of other workers that could do the labor cheaper. O’Donnell goes on to explain to Senator Blair that men with boys were often hired first because the man’s son could act as a “back-boy” and only be paid $.30 to $.40 a day.
The people were in debt and and just dug themselves a deeper hole “,combined with production of more and more goods and rising personal debt,”(The Great Depressions) and had no way of making money to pay it all back without jobs. This all goes back to the roaring twenties when eh people bought and bought and dint think of the consequences. The biggest problem for the American was the stock market crash “the stock market crashed, triggering the Great Depression, the worst economic collapse in the history of the modern industrial world.”(The Great Depression) leading them into social mayhem. The people although causing this distress themselves sought out other things to blame while being completely helpless in their
800 others were terribly injured. This negative impact on our country was brought by a desperate man, who had been unemployed. He'd also owed many gambling debts, and on top of that he owed the government over $1000 in taxes. McVeigh's decision was made publicly, for the sole reason of trying to get his point out. He wanted people to despise the government the way he did.
The actions of these four businessmen in the late 1800s had overall a negative effect on society. These men were known as Robber Barons. A Robber Baron is someone who acquired a fortune in the 19th century by ruthless means. Examples of Robber Barons include JP Morgan, John Rockefeller, and Andrew Carnegie. These men gave horrible working conditions to their employees.
Right after the Civil war, America was rebuilding itself. Arising along the rebuilding was unemployment. Thousands of people were jobless and had families to feed. Once big, industrialist-led companies starting employing, people scrambled to get a job at these companies. Although many people were being employed and paid, working conditions were very hazardous and payment was unfair.
The rivalry amongst mega corporations where the wealth accumulated in the hands of the few, bashed the poor into heavy poverty in the Valley of Ashes. The sumptuously stylish men and women of West and East Egg
Perhaps the stresses in his life were the ultimate cause in his dramatic changes? One of the most burdening subjects of stress in Gregor’s life was his work. Early in Gregor’s life, his father owned a business. Eventually the business collapsed and the entire family was left buried in extreme debt, owing Gregor’s eventual boss a large amount of money. Gregor realizes that his family was in trouble and seeks employment as a traveling salesmen.
Furthermore, Steinbeck describes the bank as "something more than men... It's the monster. Men made it, but they can't control it," (Steinbeck 37) and there was no man who can punish them for taking advantage of them. Steinbeck also writes that "they [the banks] breathe profits; they eat the interest on money. If they don't get it, they die the way you die without air, without side-meat" (Steinbeck 37).
As rural citizens were forced to move out of the country to the cities where factory and mining jobs were being advertised, the large powerful businesses knew that the best way to make money in the millions was through cheap manufacturing. This resulted in all the employees being paid ridiculously low wages and some no wage at all. Parents on these extremely low wages couldn’t afford to feed their usually many children, so children were forced into labour. They would mostly work hard, dirty and dangerous jobs in the mines and factories that no-one else wanted to do. They much too often had devastating effects on the children such as diseases, infections resulting in amputated limbs and death.
Unfortunately, this is one of the worst results of the industrial revolution, but also a good turning point in history. Company owners needed to find employees to work for them for cheap and with hard working skills. The factory owners did not provide safe environments for their workers and often overworked them to the point of utter exhaustion (History.com). "The overworking does not apply to children only; the adults are also overworked. The increased speed given to machinery within the last thirty years, has, in very many instances, doubled the labour of both" states the author John Fielden, in his book called "The Curse of the Factory System."