UGBA 10 Lecture Notes - Lecture 8: Pacific Railroad Acts, Central Pacific Railroad, Daniel Mccallum

• School: Berkeley
• Department: Business Administration Undergraduate Program
• Course: UGBA 10
• Professor: Banks C G

Document Summary

Failure of land reform, potential massive reorganization but was not done, land was returned to southern secessionists, no economic punishment. Instead of mass slavery, there was mass sharecropping/forced labor under the threat of arrest. Inability to vote created black disenfranchisement: new economic ideology that argued blacks should not receive special treatment. Adam smith and invisible hand: wealth of nations, when everyone pursues their own interest, they also pursue society"s gain directed by the invisible hand. Thomas aguinas and st augustine: old catholic thought of pursuing own wealth is sinful. But later people now see work as a calling, as a part of the good, consumption are not necessarily bad because it helps creates jobs. Railroads become more popular and first transcontinental railroad is built by the government. Other corporations follow the lead of the railroads: to train managers, elite business schools start: haas, wharton, tuck, harvard business. School, first female allowed into harvard business school was 1968,,,,,,