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Exam One History

Satisfactory Essays
Throughout the course of U.S history, there have been various challenges amongst groups for dominance of state policy. In the late 19th century, and early 20th century, the Big Business people (Corporations), and the Industrial workers competed for power. This time in history was very revealing to the fact that workers weren’t treated fairly, and business magnates were simply focused on making money. These business magnates went on to control almost every aspect of business and as a result impacted and molded American life, and government decisions.
The big business people in the late 19th century consisted of top business magnates like rail road barons Vanderbilt, Tom Scott, James Hill, and Jay Gould, Oil baron Rockefeller, and financial baron J.P Morgan; all believed that competition was ruinous and demoralizing, and that competition destroys order. Such was the belief that competition destroyed order that companies sought to control every aspect of business.
The period of big business commenced when business visionaries began to combine companies and create powerful corporations. These corporations grew a lot, up to the point in where corporations would dominate a significantly large percentage of a particular market. This significance of this is: the few most capable corporations dictate the prices of certain items in a market!
The most capable organizations were John D. Rockefeller’s Standard Oil Company, Andrew Carnegie’s Carnegie Steel, Cornelius Vanderbilt’s New York Central Railroad System, and J.P. Morgan’s banking house. These partnerships dominated significant chunks of their market’s business: by 1879, for instance, Rockefeller had in his pocket 90 percent of the nation’s oil refinery business! Horizontal integrati...

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...re at conflict when it came to demanding what each one wanted. The big business owners wanted to become stronger capitalists, not make money, but make more money. The Industrial workers, becoming victims to these “capitalists”, wanted better working conditions and sought strength in numbers, not in the few. As a result, politicians came up with the Sherman anti trust act, which sought to break up monopolies, yet, big business influence drew from its main intentions and redirected it to the upcoming unions of the industrial workers; the result, a tug of power between workers and business owners, the bourgeoisie and proletariats in a sense. The Republican and Democratic politicians influence by big business pushed a more stronger foreign interventionist agenda, and thus bolstered U.S business elites, which in return sapped more of the poor, which brought revolts.
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