HIS 17B Lecture Notes - Lecture 3: Samuel Gompers, Deskilling, Industrial Workers Of The World
Document Summary
Real gdp per capita increases gradually from 1868-1920. Business organizations were created to help fix prices (keep price high so everyone stay in business & profitable) Pool: get together with all other business leaders in same industry and agree on same price/production level. Farmed in caribbean so need a lot of capital to get into it. The contracts they made among each other = can"t be enforced. Trust: each business owners put their share of stocks into the trust. Each business owner = boardee in the trust. Together the board of trust make decisions on price. Invented refrigerator car for easy shipment (no electricity, just ice) A lot cheaper, skip local slaughterhouse, many exploitation of labor. He covered all functions in industry(shipping, storing, meat making, fertilizer production . etc) Didn"t want to just dig oil wells. Control refinery process of oil = control the energy source of the nation. Gave railroad executives 21273 to and get cheaper rates.
