HIST 1378 Lecture Notes - Lecture 4: Socialist Labor Party Of America, Company Town, Pullman Strike

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Thematic thesis: between the en of the civil war and the early 20th century, the us went through one of the most rapid and profound economic revolutions any country has experienced. Transition from agriculture and artisanal crafts to industry. The number of miles of rr track multiplies over time. Rr opened new areas to commercial farming and create a national market for manu. goods. If rr companies experience financial crisis, the national economy also suffered. /technological innovations contributed to the industrial advances. Thomas edison phonograph, incandescent light bulb, motion picture, and a system for electric power generator. The spread of electricity was essential to industrial revolution and urban growth. The flooded markets and federal monetary policies led to relentless fluctuations of prices. The years between 1873 to 1897m were known through out the world as the great. Business engaged in ruthless practices and competitions. Cutthroat competition led to corporations battling for control of entire industry.

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