HIST 13C Lecture Notes - Lecture 3: Industrial Revolution, Typewriter, Great Depression
Document Summary
Rapid expansion of factory production, mining, and railroad production shows the transition of america. Slowly the true american dream vanished and people began to work for wages rather than actual accomplishments. Railroads opened new areas for farming and creating a national market for manufactured goods. Technology was expanding i. e. atlantic cable, telephone, typewriter, camera, light bulbs, and electricity. Great depression hit at the end of the 19th century. Businesses became savages when competing with each other. Andrew carnegie created the most successful steel company with the most advanced technology. Rockefeller did the same as carnegie with the oil industry and created a vertically integrated monopoly, in which he controlled all aspects of his business from raw materials to production to shipping. Top 1% earned as much as bottom 50%. We took their land and killed some off. Gave citizenship to some as long as they threw away their old identity and adopted an.
