Monday- continue farmers, grange, etc.
What populace wanted
- Regulate Railroads- had to pay fair prices- helped farmers and small businessmen
- Increase money in circulation- easier to pay debts, higher crop prices
- Graduated Income Tax- the more money you make, the higher percent you pay of taxes, rather than having a flat percent
- Direct election of senators- give more power the the average citizen
- Single terms for president/vice president- constant new ideas
- Secret ballot- able to vote w/o intimidation
- 8 hr. work day
- Restrictions on immigration- immigrants took their industrial jobs
- Populace died down in 1896, but the torch was passed to progressives
Tuesday- start Industrial Revolution
reasons for industrial revolution
- Tons of resources- use to make things out of, provides jobs, coal mining, oil drilling, iron mining, etc.
- Government helped business- Laissez-Faire- gov. didn't put regulations on buisinesses- buisiness expanded- America became industrial powerhouse
- Cities were growing- immigrants, farmers moved to city, African-Americans moved to cities after Civil War, more opporotunities for jobs, more entertainment/culture- more people to work, more people to buy
- Immigrants provided cheap labor
- Growing population provided markets for manufactured goods
- Oil boom
- Bessemer Process- cheep way to make steel
- Various inventions- lightbulb- better light, people can work in factories later, less risk of injury, safer streets- Edison; typewriter- Sholes; telephone- Grahm Bell
- Railroads- time zones are due to railroads- time was different all over the country, even within states- time zones made things more organized
Wednesday- work on decades project
Thursday- Industrial Revolution
Monopoly- when a company in a specific field tries to get rid of all their competition and control as close to 100% of the industry as possible- survival of the fittest-
Friday- Continue on Industrial Revolution
Monopolies are bad for small businesses and consumers- they completely overpower small businesses into bankruptcy, and the quality is usually bad, because they have no competition to make them make their products good- people have to buy either theirs or nothing. Can lead to higher prices. Less choice
Captains of Industry/Robber Barons-
John D. Rockefeller
Cornelius Vanderbilt
Andrew Carnegie
J. Pierpont Morgan
Trusts- monopolies
Teddy Roosevelt- Trust-Buster- broke up monopolies- regulated businesses
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