HIST 2055 Chapter : Rise Of Big Business
Document Summary
Characteristics: greater capitalization; we will form steel first billion dollar, management and ownership. 9/2/2010 7:07:00 pm: before the civil war the typical manufacturing establishment its small and if you had a factory with 100 workers that was large. Overview: division of labor, henry ford introduced that to automobiles; he wanted to build a car cheap enough for his workers and then pay them a small wage-more you produce, cheaper it becomes. This whole process ends up making america the worlds leading industrial power: things that make america a target for people around the world who want that and don"t have it; we"re #1 by the mid 1890"s. It creates a social, economic, political problem: little government regulation, they do what they want like throwing junk in the water pollution; managers can pay people whatever they want, ignore dangerous warnings etc. Overview: america is not a pro union country; unions represent a small percentage of workers-they can develop great strength.
