HIST 1102 Lecture Notes - Lecture 4: Per Capita Income, Typewriter, Strike Action
Document Summary
Knitting together a nation a national economy (built around industry not agriculture), Increased size of market: new ideas about corporations, owners only lose what they invest, can invest more without as much liability, easier to transport goods to desired market. Increased surplus of labor: women don"t have to farm now. Increased market for the products of the industrial sector: farmers specialize and make one product, making a nation market, invention. Time zones created by railroad typewriter: social darwinism and the new business culture.
