1 / 20

US HISTORY & GOVERNMENT INDUSTRIALIZATION JOHN JAY HS

US HISTORY & GOVERNMENT INDUSTRIALIZATION JOHN JAY HS. SIGN POSTING. WAS THE CIVIL WAR A TURNING POINT FOR INDUSTRIALIZATION? WHY SHOULD WE BE CONCERNED ABOUT MONOPOLIES? HOW DO VERTICAL & HORIZONTAL INTEGRATION DIFFER? . TURNING POINTS. WESTWARD EXPANSION.

aliya
Download Presentation

US HISTORY & GOVERNMENT INDUSTRIALIZATION JOHN JAY HS

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. US HISTORY & GOVERNMENT INDUSTRIALIZATION JOHN JAY HS

  2. SIGN POSTING WASTHE CIVIL WAR A TURNING POINT FOR INDUSTRIALIZATION? WHY SHOULD WE BE CONCERNED ABOUT MONOPOLIES? HOW DO VERTICAL & HORIZONTAL INTEGRATION DIFFER?

  3. TURNING POINTS WESTWARD EXPANSION TRANSPORTATION & COMMUNICATION CIVIL WAR ECONOMIC DEVELOPMENT REFORM MOVEMENTS IMMIGRATION

  4. OVERVIEW

  5. WAR MOBILIZATION • VETERAN NETWORKS  BUSINESS NETWORKS • LOCAL  NATIONAL • FRATERNAL ORG’S; MUTUAL-AID SOCIETIES • OFFICER CORPS  CORPORATE MIDDLE MANAGERS • HOW TO WORK IN BUREAUCRACY / HIERARCHY? • LOGISTICS  TRAINING FOR SCALE ORGANIZATION

  6. POLITICAL DEFEAT OF THE SOUTH • PRO-AG (ANTI-MANUFACTURING) • SOUTHERN = PRO-STATES’ RIGHTS (ANTI-FEDERAL) • POLITICS = ANTI-TARIFF (FREE TRADE)ANTI-BANK (EASY CREDIT) • 1788-1868 = SOUTH WINS* 14/20 PRESIDENTIAL ELECTIONS • 1868-1912 = SOUTH WINS 0/9 PRESIDENTIAL ELECTIONS

  7. POLITICAL DEFEAT OF THE SOUTH GILDED AGE USA = DEVELOPING COUNTRY ( = CHINA & MEXICO) REPUBLICANS  PRO-INDUSTRY POLICIES 1) GOLD STANDARD/TIGHT MONEY  ANTI-BANK 2) PROTECTIONISM  FREE TRADE 3) NATIONAL MARKET  STATE RIGHTS GOLD STANDARD  ATTRACTS INT’L INVESTMENT, WHILE PROTECTIONISMKEPT OUT FOREIGN PRODUCTS . . . BUT HURT FARMERS (EXPORTERS) STATE POWER TO REGULATE BUSINESS DECLINED

  8. WAR FINANCE

  9. WAR FINANCE CIVIL WAR = $$$ ISSUED GREENBACKS TO FINANCE THE WAR GREENBACKS ≠ BACKED BY GOLD • EASY CREDIT FOR • “START-UP” BUSINESSES

  10. WAR FINANCE 1860 – 1880 = MANY NEW SMALL BUSINESSES = COMPETITIVE MARKET 1875 (1879) SPECIE RESUMPTION ACT CREDIT CONTRACTS  BANKRUPTCIES  CONSOLIDATION & MONPOLIZATION GREENBACKS = “DEMOCRATIZES” WALL STREET JAY COOKE SELLS GREENBACK WAR BONDS TO ORDINARY AMERICANS

  11. ROBBER BARONS WAR PROFITEERS  ROBBER BARONS RAILROADS: LELAND STANFORD, HENRY VILLARD (SLEEPY HOLLOW), CHAUNCEY DEPEW (PEEKSKILL), E.H. HARRIMAN (ROCKLAND) OIL / CHEMICALS: JOHN D. ROCKEFELLER (POCANTICO), LEO BAEKELAND (YONKERS) IRON / STEEL: ANDREW CARNEGIE (SLEEPY HOLLOW), HENRY FRICK FINANCE: J.P. MORGAN, JAY COOKE, JAY GOULD (TARRYTOWN), JAMES FISK, DANIEL DREW (CARMEL)

  12. RISE OF WALL STREET GREENBACKS  DEBT SECURITIES (BONDS) ROBBER BARON CORPORATIONS  EQUITY SECURITIES (STOCKS) VOLUME OF STOCK MARKET  EASY TO RAISE MONEY, BUT PRONE TO MANIPULATION

  13. INDUSTRIAL IDEOLOGY

  14. MONOPOLY GRAIN COSTS $10 BUSHEL = $100 IN CITY WHAT WILL THE RAILROAD CHARGE?

  15. SOCIAL LOSS MARGINAL REVENUE MONOPOLY

  16. MONOPOLY COMPETITIVE MARKET: VALUE = COST = PRICE  NO PROFITS & NO BARGAINS MONOPOLY = UNCOMPETITIVE MARKET

  17. VERTICAL & HORIZONTAL INTEGRATION • CARNEGIE = CARNEGIE (US STEEL) = VERTICAL INTEGRATION • ROCKEFELLER = STANDARD OIL = HORIZONTAL INTEGRATION

  18. VERTICAL INTEGRATION

  19. HORIZONTAL INTEGRATION PRE COMCAST-TIME WARNER MERGER POST COMCAST-TIME WARNER MERGER

  20. COMPETITION & PRICES

More Related