Economic downturns, wiped out their smaller competitors, but mechanization and growth and consumer markets, promoted large scale combinations of companies and industries or monopolies. And monopolists like Cornelius Vanderbilt and railroads, or JP Morgan's and banking, or Andrew Carnegie and steel pictured here ran the show. During the Civil War, the federal government encouraged the transfer of public lands to private ownership to spark economic and social development. Certainly by white settlers under the homestead act of 1862. We see in this period, the real linkage now of the corporate sector and government, the government played its role in the expansion of the American west. This became very influential, many of them in both private and government sectors, operated on the economy. Some would also call them captains of industry sought industrial expansion through new markets in the American west. Land speculators and robber barons, or corporate leaders, as some call them. For some, after the Civil War, the United States experienced massive economic upheaval characterized by westward expansion, corporate monopolists and violent labor unrest. This lecture will cover the economic climate of the gilded age, which set the stage for the rise of Moneyball or baseball as a business and that's really what the gilded age was all about. ![]() We're talking about a period roughly from the end of the American Civil War into the 1890s. It was the famous novelist and commentator once called the gilded age period that was golden on the surface, superficially but corrupt underneath. ![]() Today, we'll be talking about the gilded age as Mark Twain called.
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