Andrew Carneige- Born in ScotlandCame to America in 1848Became private secretary to the Pennsylvania RailroadLooked for ways to make a good product cheaplyAttracted talented people, and offered them stock in his companyVertical and Horizontal Integration-Verticl integration was process used to buy out his suppliers so he could control the raw materials and transportation systemsHorizontal integration is when you buy out companies that make similar product, hense monopoly.Monopolys- When you have no comepetition, easiest way is to set up a holding company.John D Rockefeller, known as captains of industry, and robber barens.Labor Unions- were formed for workers trying to improve working conditionsFocused on collective bargaining or negotiation betwen the represenitives of labor and managementThe Gilded age 6.3groth in the industry was supported by corrupted politicsMark twain wrote a book called, " The Gilded Age"Political machine- group that controls political party, gave voters political and financial assistanceEvery political machine has a boss, leaders of the political party.Immigrants were easy votes, un educated and were swayed in one directionCorrupt government- members would do under the table business, buy off and take bribes.Boss Tweed- became Tammy Hall, powerful demecratic machine in New YorkLed the Tweed GangMade taxpayers pay 13 million.
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