HIST 2112 Lecture Notes - Lecture 3: Second Industrial Revolution, Vertical Integration, Electric Light
Document Summary
America begins to turn from agriculture to industrialization. Roughly 90% of pop lives in rural areas. Post civil war boom begets the 2nd industrial revolution united states and germany. America starts to turn into an economic powerhouse. Potential to make money, the reason you open a business. Didn"t need a lot of people working on the farm, but we did in the city. Coming from out of country, the import is taxed with a tari . Causing you to spend more money on a product. A british shirt is , an american shirt is . Little regulation by the government, do what you want that is good for the country. Stake/stock holders. (back in the day, railroad owner needs land to build on, so you sell stock to congressmen and senators0 politicians are stake and stockholders. And arguably the wealthiest man of all time: john d. rockefeller
