Laissez-Faire Capitalism: The Second Industrial Revolution
The Industrial Revolution was a period of time with major Industrialization in the 1800s. During the period of time when Andrew Carnegie, and John D. Rockefeller who were both Philanthropist, and 2 of the top 5 businessmen that America has ever known. It was probably very hard to work during that time. Some people feel as if Andrew Carnegie and John D. Rockefeller are Robber Barons, and some people feel as if he is a Captain of Industry. I feel as if Andrew Carnegie and John D. Rockefeller both didn’t treat their workers well for multiple reasons.
The industrial revolution brought many great inventions and innovations into the world, especially to America, the new world. The United States had many resources available and more importantly for Americans could utilize them for the nations gain. Many businessmen took advantage of this opportunity by building up their businesses and wealth to a standard that many people still look to as a standard of greatness. Many historians have their take on how the men of the industrial revolution changed not only America, but the rest of the world as well. Authors, Charles Morris, Matthew Josephson, and James Nuechterlein point out to historians that the world is full of many different angles and ideas that one can view regarding the Robber Barons or the successful men of the industrial revolution.
The invention of the telegraph by Morse, the discovery of new rubber working methods by Goodyear and other technological advances increased productivity and expanded the scope of possibilities. Economically, the Market Revolution saw the rise of the factory system, the Lowell system and a new important work force: foreign
As like the telephone , motor vehicles helped improve the network of transportation and communications ,it also created new job opportunities as well. The inventions of power driven machines helped maximise productivity and capacity with more products being produced in a small amount of time, this also created wealth and made it more easier to make goods and products. These factors led to more companies and industries such as the railroad industry which one of them was the transcontinental railroad that brought the resources from coast to coast with the help of land grants from the government. This made it easier to get resources to different areas of the nation in a small amount of time. It also expanded many markets.
Rockefeller was the founder of Standard Oil, and helped revolutionize the gas and oil industry while Henry Ford revolutionized the factory setting and the assembly line. While JP Morgan was primarily a businessman, he revolutionized the basic business, and became a huge supporting cast for the railroad industry. Finally, Andrew Carnegie innovated the steel production industry, and made steel production and transportation thrive throughout the country. The individuals mentioned above are only a fraction of the many different people that thrived and helped develop America during the Gilded Age”. These famous, or infamous industrialization tycoons thrived during the late 19th century, and created many of the businesses and operations that we know
The three innovations discussed were the automobile, the telephone, and the lightbulb. These innovations allowed travelling and the transporting of goods to be very easily accomplished, made communication between other people simpler and more efficient, and allowed for better and safer ways of lighting to be established. The automobile affected midwestern farmers by allowing midwestern farmers to be able to transport their goods to other cities or to new markets. It affected middle-class urban residents by allowing them to travel to other places more often. The automobile made factory workers have to work harder to meet the expectations of their boss because the automobile could ship out goods made from the factory more quickly.
These resources helped to build parts for the steam engine. The English scientific thought also helped cause the Industrial Revolution. People discovered different ways to things to make the process more efficient. Jethro Tull invented the Horse drawn seed drill which planted seeds in straight rows with significantly less labor (Document 7).
economically, socially, and politically. The Industrial Revolution resulted in the economical transition from an agrarian economy to an industrial economy. The perfection the railroad compounded by improvement in manufacturing and the emergence of capitalism resulted in an economic boom. Manufacturing became the core of America’s economy. Manufacturing greats like Andrew Carnegie, mass produced goods such as steel for extremely low prices by exploiting cheap immigrant labor and the Republicans’ (dominating political power of the era)
Rockefeller has made an impact on the industrial revolution by changing and monopolizing the oil industry to bigger and better ideas. His funding to major organizations and schools, and motivation towards younger generations to push forward with his
During the second industrial revolution, which happened in America during this period, new technologies such as the telegraph and telephone were created. The US began to use the rich natural resources of its territory: coal, gas, oil, agricultural land. After the Civil War 1861-1865, the political conditions were favorable for economic growth. The US Congress adopted a policy of supporting of the industrial development.
Inventions like the automobile made a faster form of transportation open to the public; this would allow people to be able to go from places in a timeless matter compared to their other forms of transportation such as boats, and railroads. Also, the light bulb allowed people to save money and power their houses at the same time. Once the light bulb was put in, and electricity was wired through the house, they didn't have to pay for more light bulbs for a long period of time; compared to how much money families would spend on buying standard oil to light their homes, electricity and light bulbs were a giant money saver for many families during the Gilded Age. These inventions were not limited to the United States, though, over time technology diffused into other countries due to trade. In short due to new technology being created and new ways of doing things industrialized the lives of millions of people across the globe were made
Industrialization and Industrialists had many important impacts on America. The era of industrialization known as the " Gilded Age" opened up many new doors for the American people. The industrialist Andrew Carnegie had one of the biggest impacts on America by far. Carnegie was responsible for the production of steel.
Industrial workers responded to industrialization in the Gilded Age by forming labor unions such as the Knights of Labor and by fighting for his or her rights through strikes and riots. Farmers during the Gilded Age were angry with industrialization because the rapid increase in industry caused an economic decline and caused the farmer’s profits to decrease significantly. Industrialization is defined as the development in industry in a country or region. Due to J. D. Rockefeller, who was a very wealthy entrepreneur of his time who found a product he could use, improve, and make a successful business out of selling, and other
Due to the growth in jobs and economy, The Second Industrial Revolution was born. For example, Eric Foner, the author of Give me Liberty stated,“the country enjoyed abundant natural resources, a growing supply of labor, an expanding market for manufactured goods, and the availability of capital for investment….”(Foner, 2014, page 593). The new territories that the United States acquired after the Civil War gave Americans motivation to innovate their country through the industrial industry. Jobs such as factory production, mining and railroad construction were all in high demand and gave thousands of unemployed Americans and immigrants employment. During The Second Industrial Revolution, employers
The Second Industrial Revolution, which peaked between 1870 and 1914, was aiming to expedite the extraction of the gold from the mines, railroads had to be laid to reach across the land to the ports for global trading (Engelman, Ryan). This made factories call in more and more workers, and in 1880, five million Americans were industrial employees. (Lutz, Alexandra) Compared to the First Industrial Revolution where only few laws or regulations existed for the workers, more labor laws were created during the Second Industrial Revolution, aiming to ensure the safety of the workers. A series of further Acts, which was regulated during 1860 and 1872, aimed to strengthen the safety provisions of the workers.
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