Big business and laborAndrew Carnegie- first person to make a fortune buying stock. was poor/immigrant from scottland. sold steel company for a billion dollars. When sold steel business in 1901 was biggest steel producer in U.S.John D. Rockafeller- started standard oil company of Ohio. in 1890 the company produced 89% of the nations oil. acheived his richess buy selling oil cheap. established Rockefeller foundation which later found a cure for yellow fever.Monopolies- company tries to control everything in area.Social darwinism- came from Charles Darwin`s theory of biological evolution " survival of the fittest" how communism came about.Carnegie, Rockafeller, ect. were called robberbarons/captains of industry- provided jobs, they drove people out of business, pay works next to nothing. ruthless business men.1877 worker of baltimore and ohio railroads went on strike b/c of 2nd wage cut in 2 months. freight was stopped for more than a week.Companies tried to regulate businesses through the sherman Anti Trust act.labor unions - group thats formed that combines to get laws passed. They struggled to win any strikes they were for.
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