HIST 12B Lecture Notes - Lecture 4: Gilded Age, Neoliberalism, Horizontal Integration
Document Summary
A lot of those contracts to rebuild, and contracts for ammunition and supplies those are government contracts. And these contracted people got as much money from the government as they could. : technological advances: steel production and shipping. Industrial mining and wealth of natural resources. (creating big mining conglomerates in the west: iron, copper, gold, silver, etc. A lot of farmers went into debt trying to move all of their stuff. Small farmers were foreclosing, being driven out and off their land. Large-scale agriculture was the only type that survived and interesting enough, they were the ones that got subsidies from the government. : land speculation (increased land prices/value). (land originally belonged to indigenous people, so we already had stolen land. And then all of the land taken from people went to railroad companies. The idea of making land productive (as john locke talked about) that"s not what actually happened.
