SOC 103 Lecture Notes - Lecture 9: Complex Number, Overproduction, Canada Trust

• School: Ryerson University
• Department: Sociology
• Course: SOC 103
• Professor: Kelly Train

Document Summary

Living in capitalist societies: the growth of corporate capitalism, 1870s is when it started in north america, traded raw resources of fur and other manufactured goods bc in the uk context where industrialization begins in the 1790. John rockefeller the father of the growth of capitalism, the most despised person in the us, he was responsible for killings of tons of workers. He was depicted in all political cartoons until the 1920s. known for greed and narcissism. He started a oil company, he bought oil refineries when the economy was moving from oil to a cheaper oil and gas time. 1870 bought oil and forms standard oil of ohio, it became the most profitable. After he bought it, he tries to undercut his competition and sold his company to bankrupt the competition to buy it. Bought by private individuals, they owned the land and the railroads.