Industrial America: Corporations and...

Chapter 17

Industrial America: Corporations and Conflicts

Do Now: “As we view the achievements of aggregated capital, we discover the existence of trusts, combinations, and monopolies, while the citizen is struggling far in the rear or is trampled to death beneath an iron heel. Corporations, which should be the carefully restrained creatures of the law and the servants of the people, are fast becoming the people's masters. “ -Grover Cleveland, 1888

Aim: What new opportunities and risks did industrialization bring, and how did it reshape American society?

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• Haymarket Bombing 200 Anarchists advocate overthrow of gov’t.• Meeting held in Haymarket Square, Chicago.

• Bomb thrown, killing 7 police officers

• Knights of Labor loses popularity.

• Homestead Strike Failed steel industry strike

• Pullman Strike Railroad strike against George Pullman company.• Gov’t rules that strikes/boycotts can’t interfere with mail trains

= weakening union power.

Strikes

•Requires Railroad rates to be reasonable and just.

•Sets up Interstate Commerce Commission federal regulatory agency.

•Can investigate and prosecute pools, rebates and other discriminatory practices.

Interstate Commerce Act 1886