HIST 2013 Lecture Notes - Lecture 4: National Labor Union, Homestead Strike, Scientific Management
14 Dec 2017
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Less investments in those in europe and more in local traders/buyers. Intensified the market system of buying and selling goods. Weapons, shoes, and uniformed soldiers would need are now mass produced. New methods of organizing production and business management. Middle managers (people reporting to the owners of businesses) Talented and often ruthless entrepreneurs (rockefeller & carnegie) Oil: used for other machinery and lubricate for railroads. Surpassed agriculture in terms of value in the 1880s. Used to power factories allowing people to work later in the night. Used to produce goods at a quicker rater to lower manufacturing costs. For bosses: makes it easier to fire and hire replacements (because they only had one job) For workers: brings down the skill level needed. Individuals dividing the risk of running a company. Subdividing management tasks (finance dpt. , and other departments) Creating more revenue to be brought back into the company.
