MGMT 1030 Lecture Notes - Lecture 28: Second Industrial Revolution, Justice Of The Peace, Stock Market Crash
9 May 2018
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Department
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MGMT 1030
Lecture 28
➢ Dedicated to philanthropy
➢ J.P. Morgan
➢ New York financier
➢ During the New York financial crisis, the government put together $30B
and gave it to Morgan to fix things. He called the leaders of all the banks
to his home, and basically distributed the money, dissolving a few banks
➢ Bought out Andrew Carnegie in 1901 for $500 million
United States Steel Corporation was the first billion dollar corporation
The Second Industrial Revolution in America (1860s to 1940s)
4) The First World War and the “Roaring Twenties”
➢ The First World confirmed the United States as the world’s
greatest economic power
➢ U.S. exports increased from 1.9 billion dollars in 1910 to 7.9
billion dollars in 1919
➢ U.S. government loaned nearly 10 billion dollars to Allied
nations during the war
➢ Development of a consumer culture in the 1920s
➢ Henry Ford
➢ 8 million automobiles registered in 1920
➢ 23 million automobiles registered in 1929
➢ Known for assembly lines
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
During the new york financial crisis, the government put together b and gave it to morgan to fix things. He called the leaders of all the banks to his home, and basically distributed the money, dissolving a few banks. Bought out andrew carnegie in 1901 for million. United states steel corporation was the first billion dollar corporation. The second industrial revolution in america (1860s to 1940s: the first world war and the roaring twenties . The first world confirmed the united states as the world"s greatest economic power. U. s. exports increased from 1. 9 billion dollars in 1910 to 7. 9 billion dollars in 1919. U. s. government loaned nearly 10 billion dollars to allied nations during the war. Development of a consumer culture in the 1920s. Fordney-mccumber tariff law (1922) hindered international recovery. After the first world war, america became protectionist and cut off from the world economically, limiting imports through high tariffs.
