They profited immensely, “and so it went, in industry after industry—shrewd, efficient businessmen building empires, choking out competition, maintaining high prices, keeping wages low, using government subsidies. These industries were the first beneficiaries of the ‘welfare state’,” (Zinn 257). And so began the first leanings of America towards a capitalist government. I was not entirely surprised by the events laid out in this chapter. This is getting into the Industrial Revolution, a time where big business controlled the way millions lived and worked.
They also thought that having a large empire would help to make them richer and more militarily powerful .People were greedy to get their hands on the colony for the sake of the money they can get. The idea of imperialism started after the Industrial Revolution. Many countries seen the new inventions and thought that they needed it to make their lives easier. So they gathered all the raw materials they can get and make those inventions to benefit them at their life. The other countries began to start feel jealous, so they did the same.
Jefferson and Hamilton had different thoughts for America and the power for the people. Hamilton thought of a strong central government and though most people were self-ignorant and untrustworthy and they wanted to establish a national bank. He wanted to give money to business men to start companies and be successful. Hamilton’s view saw large corporations that could offer many jobs and increase trade with other countries. The trade would give us money to pay our dept.
However, due to the methods presented for American success, each party contradicted their opinions on the common man, democracy, and the constitution which foreshadows a great unstable nation. The viewpoint of the common man, perceived by the federalists and the republicans, split a rift between two oppositions. The federalists supported the rich and wealthy people so they could grow and trickle down their prosperity to the lower classes. Alexander Hamilton believed that the rich and prosperous should handle the nation due to the majority of the first class being well educated. He points out that while his population of supporters had the resources and knowledge to run the government, the lower classes basically had small or no resources at all.
This economy was very helpful to the rich but detrimental to the poor. The gap between these two classes was expanded immensely. It was almost as if the rich could control everything about their well-being; because if you were rich, you had power. During this era, the immigration increased after the Civil Wr. Cities like New York, Boston, and Chicago were overwhelmed with immigrants.
Soon entrepreneurs applied Whitneys ideas to other industries. The significance of mass production was that it increased the speed of being able to produce a product by a lot. Mass production made the prices of once expensive things like cars plummet as the speed which they could be produced rised. It provided new jobs to people who were unskilled in craftsmanship. Socialism: Socialism is an economic concept that advocates public ownership of all resources.
At first to prevent cheating on the exams included searching candidates entering the examinations whole and placing numbers rather than names on their papers. Schools and college prepared candidates the rigorous exams, which became a central feature of upper class life. Tang dynasty the best ordered state in the world. Underlying these cultural and political achievements was an “economic revolution” that made Song dynasty China “by far the richest must skilled and must populous country on
WWI had strengthened and expanded the power of the government because the production of war supplies was too complicated and important a job for private industry to handle on its own, so business and government collaborated in the effort. This led to a growing link between public and private sectors. Additionally, congress endowed President Wilson with direct control over much of the economy. This included the authority to adjust prices and certain war-related industries. It had also strengthened the U.S. military.
A few groups became enormously wealthy and possessed great influence. Consequently, most people felt marginalized. Labor unions became a way for the common man to speak out for improved working conditions, higher wages, health insurance, and other means of protecting themselves. The United States federal government led by Theodore Roosevelt intervened in order to control the strength of new labor unions. The Sherman Anti-Trust Act was established in the late 19th century to prevent
Before the Industrial Revolution goods were sacred, jobs were low, and there was not much produce, and while during the industrial revolution up until present day everything has changed. There is now a mass production of numerous produces and jobs had started to increase in all areas. The revolution was an era of change, independence on production, and the rise of many different industrial leaders, while some were considered robber barons and others were considered captains of industry. With robber barons those people are considered powerful business men who used criminal and unethical ways of becoming wealthy and or powerful. While with captains of industry they are considered businessmen who tried to help contribute to the community with jobs, the market, and productivity of certain buildings.