ASAMST 20A Lecture Notes - Lecture 4: Finance Capitalism, Homestead Strike, Vertical Integration
31 Jan 2018
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Document Summary
Historical context: american merchant trade and capitalist development. The voyage of the empress of china to guangzhou in 1784. Uneven regional economic development in the u. s. (e. g. north (industrializing) and south (less developed) split) Asian immigrants ended up regionally at rapidly economic growing places in the u. s. Hawaii and california were rapidly growing economic frontiers (agriculture, mining, railroad) The chinese made up more than 20% of the physical labor force in california, but less than 10% of the state"s population. Chinese (mostly young men) were concentrated in unskilled, heavy physical labor, menial work. The chinese were very mobile to find better economic opportunities in other states like utah and wyoming. Mining was california"s 1st major industry (started from the gold rush 1848-1883) Quartz and hydraulic mining transformed gold mining to a larger corporate operation. Laws and policies were passed to exclude the chinese from mining enterprises.
