This also made it so many of the immigrants lived in ethnic slums turning areas of large cities into less attractive places (492). This meant that the people building our nation up were being treated as garbage and a problem. The urbanization and industrialization of America came from the masses of tired and hungry called to by The Statue of Liberty (492). The Large industrialist and bankers used the cheap labor of millions of immigrant families to build the industrial giant of America in the late 19th century
Monopolies were intended to increase profits, and “dictate” the “two great classes:” the producer and the consumer (Doc 3). Many companies like Andrew Carnegie’s steel company and Rockefeller’s standard oil company benefitted from trusts. Rockefeller successfully created a monopoly by buying rival companies, and controlling transportation rates which allowed for the transport of goods at a cheaper rate, allowing Rockefeller to lower the price of oil; this affected small companies since it was impossible for them to compete with the price (Doc 5). While many companies invested in the railroad company and created contracts to receive exclusive benefits such as lower rates, the railroads didn’t benefit the public at all, because they were built by investors that only cared about receiving a “fair percentage” of the profit, and remarked that “the public be damned” (Doc 1). Many laborers working under these company suffered due to the reduction of “the price of every labor connected with trade” (Doc 3).
Having a share in government affairs and underpaying his employees. All just help him get ahead of the other competition. He worked his way to the top then had lower people do the work for him. The rag to riches story is an inspiring story, but once you make it to the riches; why let others
5.Great Britain received the colonists goods for cheap, and they gained more money than necessary due to the raising of the prices on the goods that the colonies would need. 6.Great Britain controlled politics in the
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.
Michael Moore once said, “Capitalism is an organized system to guarantee that greed becomes the primary force of our economic system and allows the few at the top to get very wealthy and has the rest of us riding around thinking we can be that way too - if we just work hard enough.” Had Horatio Alger met Michael Moore, he would have agreed with his sentiments about greed being a dangerous force in a capitalist society. He also would have supported the fact that Americans are hard working, but Alger, in his book Ragged Dick, paints a more optimistic view of the “respectable core” of hard working magnanimous people who made his 1860’s society work. In Alger’s depiction, holding on to respectability and disavowing greed, in addition to hard
Generally, globalism has been attributed to better worldwide communication, advanced technological development, and a higher international standard of living, and rightfully so. However, with all these new worldwide advantages comes a new type of human exploitation. Many companies, specifically American ones, have been quick to take advantage of the cheap and dangerous labor available in most of the undeveloped world. Countries who are working through their period of Industrialization are being siphoned off and used to maintain America’s economy, while their developing country reaps no reward from the low paying, dehumanizing jobs that American companies offer their low class workers. This type of inhumane job outsourcing can only be compared
The main goal of businesses, in the growing manufacturing economy, was to produce the most product at the cheapest price. With a large influx of desperate immigrants looking for jobs, companies were able to quickly capitalize on the rights of vain workers. Viewing as them as easily replaceable, owners were easily able to take advantage of the rights of workers and utilize them to their advantage. The desperation prevalent in those willing to take the jobs that nobody else wanted supplied labor to factories, often for a high price. Worker’s rights were often manipulated in the industries exemplified throughout The Jungle.
The power of immigrant voters who were less concerned with political morality than with obtaining the services that machines provided, the link between the political organizations and wealthy, and the structural weakness of city governments were all factors that made boss rule possible. Invisible government, which is where power resides with confidential individuals who use their power behind the scenes not with publicly elected representatives, was created in cities due to boss rule and immigrants would vote for them only for the things they were promised in return, not necessarily because they liked them, according to Document 5. Incomes in the industrial era were rising for almost everyone especially “white collar” workers. Mass market grew because of affordable prices and new
Robber Barons and Captains of Industry Some might believe that the businessmen of the Gilded age are robber barons because of how some of them treated their workers and spent their money. The businessmen of the Gilded Age were captains of industry because of the impact that they made on the country. Carnegie, Rockefeller, Morgan, and Vanderbilt all have done things that can identify them as captains of industry. These businessmen gave their time and effort to help the economy grow. Andrew Carnegie and John D. Rockefeller were hardworking and used their money to help others instead of keeping it for themselves.