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the big business and the labor - Coggle Diagram
the big business and the labor
Fewer Control More
Growth and Cosolidation
If you can beat 'em, join 'em
Persued horizontal integration
Occured when one corporation bought out the stock of another
John D, Rockefeller
Joined with competing companies in trust agreements
Rockefeller and the Robber Barons
Oil company
it controlled 90% of the refining business
Reaped huge profits by paying his employess
Sold oil in a lower price
Controled market
Critics began to call them robber barons
He still gave away 500 million dollars
Sherman Antitrust Act
Government was concerned that expanding corporations would stifle free competition
Buisiness Boom Bypasses the South
Industrial growth concentrated in the north
South was trying to recover from Civil War
Northen business owned 90% of the stock
Andrew Carnegie
Came to the country in 1848
Worked his way up to private secretary
Inovations
New business strategies
Success due in part to management practices
Searched for ways to make better products
Incorporated new machienery
Vertical integration
Process in which he bought out his suppliers
Horizontal integration
companies producing similar products merge
Entered the steel buisiness
Social Darwinism and Business
Priciples of social Darwinism
Grew out from Charles Darwin
Used to explain the evolution of human society
Marketplace should not be regulated
New definition of sucess
The premisse of the survival and sucess
Laabor Unions Emerge
Long Hours and Danger
Demanded a seven-day workweek
In industries worked 12 or more hours a day, six times a week
They were not entitled to vacation
Injuries were common
Average of 675 workers were killed in work
20% of the boys and 10% of girls under 15 years old
Early Labor Organazing
NLU formed in 1866
William H. Sylvis
Other group created CNLU
Against NLU
700,000 members
Union Movements Diverge
Craft Unionism
Samuel Gompers
Led the Cigar Makers
AFL
Industrial Unionism
Eugene V. Debs
made the first major attempt to from such an industrial union
ARU
Socialism and the IWW
Industrial Workers of the World
Big Bill
Solve the problems faced by workers
Major strike in 1912
Other Labor Activism in the West
1,000 Japanese and Mexican workers organized a successful strike
Stikes Turn Violent
The Great Strike of 1877
Workers fot the Baltimore and Ohil railroad
50,000 miles
The Haymarket Affair
3000 people gathered at Chicago