HIST 151 1st Edition Lecture 9Outline of Last Lecture I. Chapter 18: “Business and Politics in the Gilded Age 1865-1900”Outline of Current Lecture II. Chapter 18: “Business and Politics in the Gilded Age 1865-1900” cont.- Laissez-Faire- Grange - Patrons of Husbandry- Wabash- Interstate Commerce Act & CommissionCurrent LectureLaissez-Faire- “Let it alone” – government must leave businesses alone in the market place- Robber barons/Captains of Industry built their empires on the foundation of Laissez-Faire- The order of the day – let alone practices of wages, safety, common morale- Government agencies were caught off guard by the industrialization of the U.S. - Business moguls were motivated by greed and lack of government regulation o Regular citizens/workers did not benefit from Laissez-FaireGrange – Patrons of Husbandry- The railroad dictates what a person does and when/how they do it - The folk that worked in the land in the Gilded Age grouped together in Guilds/Granges “Grange movement” – people that worked/owned land - farmers - Self-created voices of representation - Shared surplus of goods and produce – exchanged crops from one another- Grange movements became permanent – Created the 4H foundation – Patrons of Husbandry- Began to effect political change – formed a 3rd party political party – open the door to unionsWabash - Represents a court case brought down by the Judicial branch (Supreme Court) 1886 o Deliberately selected- Government backed away from business regulation – case pertained mostly to the railroad industry- Sweeping decision – reversed previous litigationThese notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.- Because all railroads went across state lines, individual states could not decide railroad rates, anddecisions – fell outside of state jurisdiction - Legislative branch was outraged – considered it as Judicial outreaching – legislative branch had the final decision of the case 1887 – collectively decidedo Believed Wabash was not a decision for the Judicial Branch to makeInterstate Commerce Act & Commission- Created by Congress – 1st Regulatory Federal Agency o Pertains to anything that has to do with interstates crossing state lines – did not have any teeth at the time, but has a huge influence on marketing and transportation of goods today- Nail in the coffin for Laissez-Faire – devastating for huge business moguls*DO NOT FORGET to go over the terms that are not covered in Dr. Knaus’s lectures. Two out of the five key terms that Dr. Knaus does not cover will be featured on the exam. EXAM #1 will be held THIS Friday
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