GGR241H1 Lecture Notes - Lecture 4: Homestead Strike, Deskilling, Skilled Worker
Document Summary
Increasing wealth and investment, a growing working-class, the utilization of since and technology, state support, and the development of a circulation system. Increasing productivity produce greater wealth to put back in the system. The development of a large working-class that the profits are being made. Rockefeller and edison were 2 sides of the elite who initiated the " second revolution" Same sides and need each other in order to gain profit. Corporate dominance: before 1880 and 1890, most economic activity took place between small family firms. Labor relations: formalized labor relations, union power, union are able to some extent shape corporate decisions. Science in the workplace: science is critical to the large corporations, firms are beginning to have their own scientists, research labs - how best to market their products. Time-compression: how the world is getting smaller, railroad is a key element in the first industrial revolution, aviation industry in the second industrial revolution.
