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A New Industrial Order

A New Industrial Order. 1877-1918 . "What is the chief end of man?--to get rich. In what way?--dishonestly if we can; honestly if we must." -- Mark Twain-1871. Industrial Systems. Investment And Innovation. Land (Natural Resources). Corporate Organization And Management. Labor.

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A New Industrial Order

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  1. A New Industrial Order 1877-1918 "What is the chief end of man?--to get rich. In what way?--dishonestly if we can; honestly if we must."-- Mark Twain-1871

  2. Industrial Systems Investment And Innovation Land (Natural Resources) Corporate Organization And Management Labor Communications

  3. Natural Resources and Sectional Division • Agricultural Division • South: cotton, tobacco, lumber, timber products, beef, pork • Midwest: lumber, grain, beef, pork, dairy • West: beef, grain, timber • Resource Extraction • South: coal • Midwest: coal, copper, iron ore, petroleum • West: copper, silver, iron ore, coal, etc.

  4. The Problem of Labor Why did demand for labor increase from 1865-1918? What are the different demands on an industrial labor force? Where did the new labor force come from? Rural America Immigration Before/After 1890

  5. Entrepreneurs, Systematic Invention, and Public Investment • Entrepreneurial Invention (1750-1850) • Systematic invention and Public Investment • Thomas A. Edison (1879) “Menlo Park” • J.P. Morgan and General Electri

  6. Corporate Organization and New Management • Corporate Organization • Andrew Carnegie and “vertical integration” • John D. Rockefeller and “horizontal integration” • The predominance of corporations (1877-1918) • “Managerial Revolution” • Rationalization of labor and “white collar work” • Scientific management • Frederick Taylor “Taylorism” • Henry Ford’s management style

  7. Communications • The American Railroad system • Telephone and Telegraph systems

  8. The Role of the State • Civil War Government involvement • 1861 Morrill Tariff • 1862 Morrill Land Grant College Act • 1862 Pacific Railroad Act • 1862 Homestead Act • 1866 14th Amendment to the Constitution • Santa Clara County v. Southern Pacific Railroad

  9. Price Stagnation after 1877 Source: David Hackett Fischer

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