The Gilded Age was the time of Rapid economic growth, industrialization and Corruption following the Civil War
American industrialists
Dominated American Business by building corporations
Became some of America's first millionaires
Vertical integration
Controlling every stage of the steel production process from mining to shipping
Horizontal integration
Taking control of the oil refining industry by buying out competitors
Robber barons
Used trusts as a means of consolidating power, controlling markets and monopolizing Industries
Used the theory of social Darwinism or economic survival of the fittest to justify their fortunes while paying low wages
Andrew Carnegie was extremely philanthropic and argued in the gospel of wealth that the wealthy had a responsibility to give back for the betterment of society
The industrial capitalists were able to thrive due to Laissez-faire government policies and benefited from a long line of pro-business Republican presidents
Political corruption took place at the state and local levels often through the use of political machines who traded in votes for favors like jobs
Political corruption
William Boss Tweed who ran Tammany Hall in New York
The Pendleton Civil Service Act ended the spoils system after the assassination of James Garfield
The Sherman Antitrust Act was passed in an attempt to limit the power of monopolies, but it was difficult to enforce
Knights of Labor
Founded by Terence Powderly
Union open to all workers including skilled, unskilled, women and African-Americans
Declined following the violent Haymarket Riot
American Federation of Labor
Founded by Samuel Gompers
Focused on skilled laborers and bread and butter issues like wages and working conditions
Strikes
The Great Railroad Strike of 1877
The Pullman Strike
The Homestead Strike
Strikes were generally ineffective for bringing about real change for workers
Social Gospel movement
Encouraged Christians, especially from the middle class, to address issues such as poverty and homelessness
Reformers
Jane Addams
Jacob Riis
Innovations such as electricity, the typewriter and the telephone improved communication and working conditions, and also led to the development of streetcar suburbs as the middle class sought to escape problems associated with urbanization
The mass influx of new immigrants led to a rise in nativism which resulted in the Chinese Exclusion Act
After the Civil War and Reconstruction, the Southern economy still revolved around agriculture and cash crops, but some cities like Birmingham and Memphis adopted new industries like steel and lumber
The South maintained racism and inequality through Jim Crow laws, which worsened after the Supreme Court upheld segregation in Plessy v. Ferguson
The rapidly expanding population and infrastructure in the West had devastating negative effects on the Great Plains Buffalo populations and led to violent conflicts with Native Americans
The Dawes Severalty Act supported the assimilation of Native Americans
Farmers struggled with low crop prices, high shipping rates and crippling debt, which often caused farm foreclosures
Farmers' alliances
Formed to combat their struggles and exploitation by big businesses
Populist Party
Supported bimetallism, the direct election of senators, a graduated income tax, and government ownership of railroads
The Populist Party's ideals were later adopted by the Democratic Party under William Jennings Bryan