HIST 2112 1st Edition Lecture 9Outline of Last LectureI. Working Conditions in the U.S. Factories (late 19th century)II. Unionization and Strikes – Workers Resist Industrial ConditionsIII. 1870s-1880s – Knights of laborIV. 1886-American Federation of Labor (AFL) More “respectable”V. More Radical Unions – often repressed by authoritiesVI. 1892 – Homestead Steel Strike: Andrew Carnegie fights backOutline of Current Lecture I. Large CompaniesII. Laissez-Faire DefenseIII. MachinesIV. The Populist Party PlatformCurrent Lecture I. Large Companies As large firms started to take over all smaller companies until they were the only business left in the marketplace, opponents of such trusts tried to attack the power that those enterprises wielded over the economy.o But there were those who believed in the notion of laissez-faire which was the idea that the marketplace should be left to regulate itself. They believed that the government should do nothing to constrain the development of industry Congress passed the Sherman Antitrust Acto This ended up attacking John D. Rockefeller whose oil company controlled all oil and embodied the evils of trusts for many criticsII. Laissez-Faire defense A Yale Professor disliked it when the government came in and gave money to thepoor. He and a lot of others believed that giving money to the poor was not rightbecause than everyone in society would not work together because they would These 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.become free riders because they would think that they wouldn’t have to work for anything because the government would just give it to themo “If you get wealth, you will have to support other people; if you do not get wealth, it will be the duty of other people to support you”III. Machines Machines are starting to take over industrialization. Machines became a threat to craftsman’s identities. It was cheaper for the owner of a factory in the long run to invest in machines so we would not have to pay as many workers and he could get the less skilled workers at a cheaper price to run the machines becauseskills were not needed any longer. IV. The Populist Party Platform Demanded a national currency Money should be kept as much as possible in the hands of the people Transportation should be kept as a means of exchange and a public necessityo Transportation should be run by the government but in interest of the people The land should be the heritage of the people and not me monopolized for speculative
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