HIST 1351 Lecture Notes - Lecture 4: Disfranchisement, Jim Crow Laws, American Railway Union
Document Summary
These resources are abundant at this time: from iron to steel. Bessemer process: the northeast is where most of the industrialization takes place. The railroads are denser and there are plenty of natural resources: development of the railroads. Railroads were expanded further into the west during this time: development of new technology. Steam engine: (cid:373)ade it (cid:449)here (cid:373)a(cid:374)ufa(cid:272)turi(cid:374)g pla(cid:374)ts did(cid:374)"t ha(cid:448)e to (cid:271)e (cid:271)uilt right next to a water source: development of new business practices and captains of industry. If the company that you bought stock in goes under you cannot be sued to help pay that companies debt. Corporations compete: they are completely ruthless, vertical integration. Acquired all the blocks up front and intentionally: horizontal integration. Plentiful labor supply: first wave of immigrants come from 1870-1890 and it was about 8 million people. They are very similar to americans coming from great britain, england, and france: second wave was more culturally diverse and had about 15 million people.
