Oil Industry Dbq Analysis

The Tweed Ring’s existence came into light between 1866 and 1871, and it begins when William ‘The Boss’ Tweed and his company made it so that all bills to the city would be at least fifty percent fraudulent, later raised to eighty five percent. The affluence went to William ‘The Boss’ Tweed, the city financial officer, the county treasurer, and the mayor. Furthermore, twenty percent of the share would go into bribing officials and businessmen, which led to a diverse following; William ‘The Boss’ Tweed loved to keep them around, and in order to maintain this regime, he ‘provided for all’. Unfortunately, Tweed was very sufficient in keeping up this scam, by fooling even the ‘best’ people by using his silver tongue and having a controllable idiosyncrasy. Being the amazing nineteenth-century

However, by him creating that pipeline, it caused the railroad companies to crash the stock market and several people lost their jobs because of it, known as the Panic of 1873. Rockefeller made people lose more jobs than he could provide. To conclude, Rockefeller was a selfish, untrustworthy entrepreneur who wanted control over all. Although he was a clever businessman, he doesn’t deserve the credit. John D. Rockefeller did more harm than good for the economy and for that, he is a robber

Jackson’s forceful tactics against the natives resulted in a total of about 2,000-6,000 deaths, renaming the movement “The Trail of Tears”. Another example of Jackson’s favoritism towards the common man was during the destruction of the National Bank. The National Bank was a place for federal funds and paid national debts, but only benefited the stockholders of the bank, i.e. the wealthy, and not the common man. Jackson wanted to destroy the national bank because of the fact that it didn 't help the commoners, so he decided to redirect federal deposits from the national bank into

In the late 1860s, most of New York’s finances were in Tweed’s hands. Tweed is a legend to this day for the corruption he did at New York City in years just after the Civil War. America was already hurting from all the money they had to use after the war but New York city was about to have a war of their own Tweed Ring running New York City. The members of the “Tweed Ring” were all hand chosen by Tweed himself, Tweed wanted to make sure whoever was part of the government was going to be on his side with whatever choices he made when corrupting the city. The Tweed Ring lasted a while before the public outrage turned against him and he was prosecuted more than

Businesses could not afford to slow downproduction during the Panic, so they continued to keep their prices high, but the people didn’thave access to the scarce money. Not only were businesses charging high prices, but also thePhiladelphia and Reading Railroad went bankrupt, causing less modes of transportation for work-ers and farmers. In total, over 15,000 companies went bankrupt during the Panic and the unem-ployment was the highest in history. Labor Unions were also created during the Gilded Age, which added to the idea of theGilded Age being truly “gilded”. The American Federation of Labor was one of the first laborunions created in the United States.

Congress passed a law whose goal was to check the power of the president. The US Attorney 's General had always had the authority to prosecute high officials if they performed any illegal activity. It restricted reasons on which the President could

George McNeil and Andrew Carnegie were very opinionated people. According to George McNeil a railroad president was exactly like a king, sultan, and shah. The president had the power to control wages and the hours of the workers. President also had power over the courts and the laws. A true president has a body of people under him regulation their power.

I believe the government should break up monopolies. John D. Rockefeller and his monopoly of Standard Oil is the perfect example for why the government should break up monopolies. Rockefeller and his partners created secret deals with railroads and used intimidation to get other smaller oil companies to sell out to them. Also Standard Oil was the monopoly to create trusts which created problems for other small companies.

In Andrew Jackson’s time, there was a great deal of cultural and political phenomena that made his populist agenda relevant to the people of the United States. For example, one of the prominent concerns among Americans during Jackson’s era was the rampant corruption which had become prominent throughout the Monroe administration. Indeed, during the 1824 election the issue of corruption was of prominent concern, and Jackson’s engagement with the issue helped achieve him a plurality of electoral votes. However, Jackson’s electoral victory was dismissed when the House of Representatives came together to elect John Quincy Adams in a contingent election. The dismissal of Jackson’s victory at the whim of the political establishment seemed to prove Jackson’s and the country’s concerns over the corrupt political elite undermining the interests of the people.

The Spoils System had been the traditional way of handling government appointments since the 1830s and that held true up until James Garfield was assassinated by a man that felt he had been snubbed of such an appointment. Garfield’s assassination set off a great deal of outrage over the Spoils System and as a consequence, the Pendleton Act was created to hire government bureaucrats based on merit instead of appointments. Since this practice is often linked with corruption today, contemporaries view Gilded Age politics as corrupt as well. However, if the Spoils System itself was corrupt then every era prior to the Gilded Age was just as corrupt. The reality was that the traditional role of government was to remain small and the Spoils System did not generate a great deal of public outrage until the people began to expect more out of the federal government.

Rockefeller, was a ruthless oil company that achieved its monopoly through aggressive and often illegal business practices. The company frequently purchased competitors, undercutted prices, and made shady deals with the railroads for their monopoly to succeed. Ida Tarbell, an American teacher. Author, and journalist, being personally affected by the Standard Oil Company was picked by her at the time job, McClure’s Magazine to investigate about the company. Her article, “History of Standard Oil Company, raised public awareness of Rockefeller’s ruthless monopoly.

Although many citizens viewed capitalists as “Captains of Industry,” they can also, just as easily, be seen as “Robber Barons.” Even though railroads were beneficial to society, they were not without corruption, as shown by the Credit Mobilier scandal. This was a railroad company that paid itself huge sums of money for small railroad construction. In fact, it received twenty-three million dollars in profit. Moreover, the railroad industry could be seen as completely insincere and dishonest because of its monopoles.

Jay Gould “standardized tracks” by buying multiple single railroads and connected them which formed the transcontinental railroad. The corrupted railroad king deliberately bankrupted businesses with water stocking then restore them into profitable businesses and bribed legislature officials to change laws to let him continue. J.P. Morgan was a broker for railroads and applied “Morganization” (which is the same as Jay Gould’s monopoly) to railroad and steel companies. J.P. Morgan also invested into Thomas Edison’s laboratory development of the incandescent lighting system.

The Credit Mobilier scandal was placed between 1872-1873, which this damaged many careers of the Gilded Age politcians, but the major stockholers of the Union Pacific Railroad formed a compand which was named, the Credit Mobilier of America, which this gave out contracts to build the railroad tracks. The lucrative deal was for these congressmen because they helped approved the federal subsides for all the costs for the railroad construsction, which in this case they didn 't pay much attention to expenses, which was enabling railroad builders to make huge profits. But the New York Sun broke this story on the evening of the 1872 election. The speaker of the House James G. Blaine, was a Maine Republican he implicated in the scandal, and he set up a congressional committe to investigate this affair. The came to the conclusion that two of its members were involed in this scandal their names were, Oakes Ames (Massachuttes), and James Brooks (New York).

Justin Clement APUS DBQ Big businesses controlled the economy and politics throughout 1870-1900. They were in control of the prices for certain items because they destroyed their smaller competitors until there was no competition left. They had much sway over politics and took away the people’s say. As we can see from Document A, between 1870-1899, the price for food, fuel, lighting and living decreased with the emergence of big businesses.