Compromise of 1877

He was a charasmatic leader. He supported free coinage of silver. He was a two-term congressman from Nebraska. He was also a Democratic Nominee.

The transcontinental railroad in 1869 was completed the multiplex telegraph by Thomas Edison

The telephone by alexander graham bell The automobile in 1890s Thomas Edison set up General Electric. His company was solely electric. 1st electric/utility company to send electricity to another company so they could use it.

The bessemer Converter- which was invented in England. It would blow air into a mix of molten iron and coal; it would get rid of the impurities and would make steel! Steel was important because now you could make the sky scraper! The city could build vertically. On top of a horizontal city. Business. Freeing up land for factories.

Causes General Weyler adopts Reconstratos Policy He rounds up people, burns houses, puts them in concentration camps (reconstradoes). It was not like Nazis though; thousands were killed though because of sanitary purposes. They will die because of disease.

He was pro-business and he puts millions of greenbacks into circulation Lincoln raises tariffs to super high levels on imports, so people would buy more in America He gave free money and free land to railroad companies so they would build more railroads

He helped get industrialization going.

1. Old business forms --sole proprietorship, partnerships, early corporations (not in manufacturing) 1860s established

They could raise so much more investment.. they can sell stock

Corporation is a separate entity. They don't go after personal stock. Sole proprietorships could go after personal stocks. These guys have greater longevity.

It was considered the would's biggest economy. We passed up the world in steel. Economic superpower. Overproduction, excessive competition, and deflation causes depression of 1890s.

Horizontal integration is when a Corporation takes over the other companies in that same industry Vertical Integration is when a corporation (For example in Rockefeller's Standard Oil company, that would be barrels, cans, and whatever needed to make) controls all phases of their business from obtaining raw materials all the way to distribution and sales

This was John D. Rockefeller's enterprise He set up the company. Controlled 95 percent of all oil refined in America. 1880s #1 producer of oil.

Was considered unskilled, worked in a giant factory/mill, had an impersonal or even hostile relationship with employer.

Knights of Labor -organized workers that shared special skills such as typographers or cigar makers. American Federation of Labor- federation of national crafft organizations, each of which retained a large degree of autonomy and exercised great leverage against management