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Westward Expansion, “Robber Barons” and Wealth

 

General Trends

 

1.  Westward Expansion

(A)       Rise of the Farmers

*crop specialization

*modern machinery

*reliance on railroads and shipping

 

(B)        Agrarian Frustration and the Move to Political

Action

        *Villains and Charges of Conspiracy

                >>industrialists

                >>railroads

                >>government

        *Legislative Action

                >>Interstate Commerce Act (1887)

                >>Sherman Anti-Trust Act (1890)

 

(C)        Rise of the Populist Party (1892)

*arose out of the Farmer’s Alliance Movement

*revolutionary political platform

*peaked in 1894 and dead by 1896

*influence remained

 

2.      The Rise of the Corporation—“Robber Barons” and

Trusts

(A)        Andrew Carnegie—Steel

*vertical integration

       

(B)        J.P. Morgan—Banking, Railroads

*most powerful man in America during the late 1800s and early 1900s

 

(C)        John D. Rockefeller—Petroleum

*horizontal integration

*primary target of the Sherman Antitrust Act

*creator of “holding companies”

 

3.  Gospel of Wealth and Social Darwinism

(A) Gospel of Wealth

Justification, through the use of Christian theology, of the moral superiority of the wealthy and the standing arrangements of social classes.

 

                *Russell Conwell—Acres of Diamonds

                *Andrew Carnegie—The Gospel of Wealth

 

(B) Social Darwinism

Offshoot of Charles Darwin’s work, including Origin of Species (1859).  It was an attempt to interject scientific rationality into what seemed to be a baffling economic order—“survival of the fittest”

 

                *Laissez-faire Darwinism:

                        >>Herbert Spencer

                        >>William Graham Sumner

 

                *Reform Darwinism:

                        >>John Dewey

                        >>William James