HIST 2013 Lecture Notes - Lecture 1: Gilded Age, Electric Light, Populism
31 Aug 2016
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Gilded outward is solid gold but inward is cheaper metals. Us was very shiny , the land of opportunity . By the end they were the world"s industrial leader. American farmer"s able to feed the world by the end. Leads to overcrowding and growth of slums. By 1900s 2/3 all produced by big business. Railroad companies sell stocks and owners go to banks for investors. Aggressive corporate tactics (because there were no rules/laws on unethical behavior) What big business owners were known as because so unethical. The economy would go through these cycles 2 depressions during the gilded age. Industrial wages cut even lower, or workers laid off. Us has highest rate of industrial accidents/deaths in the world. Unskilled workers= about 10 cents an hour. short of earning weekly pay that is substantive for a family. Women made of what men made. 8 hour day, prohibition of child labor, equal pay for equal work, graduated income tax, etc.
