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All the Market Will Bear

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'Loan from Bill Gates saves US government from bankruptcy' ... William Jennings 'Cross of Gold' Bryan vs. William McKinley (1896 Presidential election) ... – PowerPoint PPT presentation

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Title: All the Market Will Bear


1
All the Market Will Bear
  • Monopolies, Wobblies War

2
Monopoly A Basic Glossary
  • Robber Barons
  • Graft
  • Kickbacks
  • Trusts
  • Union-busting
  • Strikebreaking
  • Tammany Hall
  • Boss Tweed
  • Bull Moose
  • Socialism
  • Organizing
  • Molly Maguires
  • Wobblies
  • Communism
  • Anarchism
  • Populism
  • Jim Crow
  • Tenements

3
1865-1900 Industrial Expansion National
Development
  • Loan from Bill Gates saves US government from
    bankruptcy (?)
  • Opening of West draws men of unlimited capital
  • Railroads, land, mining, oil, steel, armaments
  • Effect of on politics
  • Dodging taxes with trusts
  • tramps millionaires

4
Price-Fixing Business as Usual?
  • Consolidation of railroads under banker J.P.
    Morgan (1837-1913)
  • . . . of steelmaking under Scotch immigrant
    Andrew Carnegie (1835-1919)
  • . . . of oil extraction refining under John D.
    Rockefeller (1839-1937) (Esso)
  • Charged all market would bear
  • Hated feared by ordinary Americans
  • Compare to __________ in 2002

5
Labor UnionsLegitimate Association or Communist
Conspiracies?
  • Worker safety unknown child labor common
  • Immigration kept wages low, race tension high
  • Strikes broken by hired guards, scabs, and
    sometimes state militias U.S. Army
  • national security ( 14th Amendment?)
  • Morgan, Carnegie Co.s friends in high places
  • Owners played on fears of Bolshevism called
    labor organizing communistic Un-American
  • Some labor organizations genuinely radical,
    violent, e.g. Molly Maguires, anarchists
  • Others like IWW, Knights of Labor, so tainted

6
Urban Working Class Meets Downtrodden Farmers
  • Farm Belt revolts old Anti-Fed agrarian
    tensions surface again
  • The Grange movement
  • At first, a Producers union of black white
    farmers
  • Populist Party working-class embraces Marxism?
  • Never succeeded on national level
  • Huey Long, the Kingfish (Louisiana governor
    1928-32)
  • Urban workers immigrants part of Democratic
    machine, traditional labor vote
  • William Jennings Cross of Gold Bryan vs.
    William McKinley (1896 Presidential election)

7
Honest Graft Think Locally
  • Thomas Nast cartoon attacking Boss Tweed (c.
    1870)
  • Tammany Hall
  • New York City political machine
  • As openly corrupt as it ever got in the US
  • Tweed dies in jail
  • Only one convicted

8
Plenty of money to be madeSupplying the Army
with its tools of trade Country Joe McDonald
(1960s)
  • War good for politics, good for business
  • A splendid little war against Spain
  • Then against the Filipinos, then the Columbians
  • TR, war hero, Rough Rider, Bull Moose
  • Took own correspondents along
  • Rode against the dagos and the meatpackers
  • Child of privilege, but . . .
  • Irony had power to bust trusts
  • First govt. regulation of food industry
  • First Progressive (centrist) Republican?
  • Compare to John McCain
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