HIST 110 Lecture Notes - Lecture 7: Smallpox, Literacy Test, Panic Of 1893
Document Summary
Economic crisis- changed the way america works. Increase in population- mass employment (1890-1900: birth rate, less disease, influx of new immigrants. Old immigrants were english/germans: well educated, able to buy land. Germans jailed and school"s shutdown in wwi. Native population did not want new immigrants in rural areas: live in overcrowded houses, unsanitary, viewed as threats, people of color, gross domestic product. Rise of the corporation: license to start a business, able to sell stock, limited liability of its investors, major innovation. Beginnings of trust and monopolies: standard oil company, proctor and gamble, network created- makes new industries, downtown department stores (macy"s) Consumer culture: americans look for brand names (colgate, us changes to national economy, railroads key to change. Created time-zones: 1918 rr imposed zones ratified by congress. Steel industry: 1880 world industry of steel. Horizontal and vertical business: rise in large corporation, fall in small business, before rise of corporate america, you personally knew your companies" ceo.
