HST 210 Lecture Notes - Lecture 2: Gilded Age, Thomas Edison, West Corporation
6 Feb 2017
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1860-1900: period of rapid growth of monopoly capitalism characterized by the rise of. Robber barons that transformed america from agricultural to the world"s foremost industrial power: rockefeller, carnegie. Mark twain gave the name of this age. Historians argue this period is the start of globalization. *by 1900: the u. s is producing 1/3 of the world"s manufactured products. Not enough domestic workers to fuel growth -> immigrants are important: 10 million immigrants would move to the u. s during the gilded age. Worked at factories, railways, settled the west. Corporation: a legal entity that has similar rights in law as those of an actual person: allowed businesses to raise capital by selling shares to the public. Shareholders enjoy limited liability (no responsibility of corporate debts) V. i: a firm gains control of production, from raw materials through processing to the. Vertical integration transportation, distribution and sale of a product: ex.
