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Economic developments, 1890-1912. - Coggle Diagram
Economic developments, 1890-1912.
Industrial growth.
Particularly oil and steel.
Carnegie Steel Corporation.
Trusts and monopolies developing.
The Depression of 1893.
Stock market crash.
'Industrial black Friday'.
Unemployment increased.
Lead to the rise of progressivism.
Effects lasted until 1897.
Upsurge in business consolidation.
Repeal of the Silver Purchase Act, 1893.
Boost business confidence.
Stemmed unemployment.
Agricultural discontent.
Farmers did not share prosperity or expansion.
Objected to power of bankers and corporations.
Falling prices.
Less income for repaying loans.
Farmer allinances.
Led to populist party and support for Democrats in the presidential election (1896).
Trade unions.
American Federation of Labour (AFL) (1885)
Mutual support between unions.
Better working conditions and wages.
Employers didn't like unions.
Fire workers who joined.