ECON 113 Chapter Notes - Chapter 1: William Jennings Bryan, Interstate Commerce Act Of 1887, Gilded Age
Document Summary
Manifested itself in railroad regulation, women"s suffrage, immigration control, etc- unified by a common theme of reform belief in a common good and social justice, the idea that society could be changed into a better place. Big four : william jennings bryan, theodore roosevelt, robert m. la follette, woodrow wilson muckrakers : reform-minded journalists that exposed corruption in a form later known as investigative journalism. The predicament: the discontents of the gilded age. Electrified city streets and public places & worsening working conditions. Creation of skyscrapers & visible disparities between the rich and poor pre-19th century: American society is composed of producers" (people who make things) and non-producers" (viewed as manipulative/less deserving) 1873: financial panic as jay cooke & co. , the nation"s largest banking house, comes down. 1877: the great railway strike + pennsylvania state militia kills fifty. Perception of conflict, capital vs. labor, the interests vs. the people. 1882: rockefeller combines companies into standard oil trust to form monopoly.
