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Economic Change & the Crisis of the 1890s

Economic Change & the Crisis of the 1890s. Chapter 19. Economic Growth in US (1890s). Alexis de Tocqueville visits U.S. (1831) - What did Tocqueville notice? Importance of Railroad - most important agent of economic growth - transportation & employment

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Economic Change & the Crisis of the 1890s

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  1. Economic Change & the Crisis of the 1890s Chapter 19

  2. Economic Growth in US (1890s) • Alexis de Tocqueville visits U.S. (1831) - What did Tocqueville notice? Importance of Railroad - most important agent of economic growth - transportation & employment - increase from 72k in 1893 to 220k miles of track by 1900 • Conflicting state laws / creation of ICC (1880) - time zones (1883)

  3. 1876! • The Philadelphia Centennial Exposition of 1876 • US celebrates 100th anniversary • Over 30,000 exhibits on 300 acres of land • Bell’s telephone & Sholes Typewriter on display • 10 million visit fair

  4. Exposition of 1876 • Displays: • Generator, Elevators, linoleum floors • First timers foods: canned food, popcorn, bananas

  5. Growth of U.S. Cities • Rural to Urban movement doubled in 1880s & 1890s - Chicago- 30k in 1850 / 500k in 1880 / 1.7 million by 1900 - streetcars & urban noise (p 485) • Department Store established (1876) - mail-order catalogs / advertisement • Natural History Museums

  6. Rise of African American Middle-Class • Racial tensions forced African Americans to cater to their own race (plessy) - rise in middle class infrastructure: banks, barbers, magazines etc

  7. Women at Work • Traditional roles of women in workforce • Women at work A. department store employees B. need for education (corporate America) - telephone operators / office jobs C. rise of female high school graduates - 9k to 57k from 1870 to 1900 D. economic freedom

  8. Chicago’s World Fair 1893 • 30 million attend / 700 acres • Futuristic model homes on display • 1st Ferris Wheel (246 ft high) • What did Francis J. Bellamy introduce at this Fair?

  9. Gilded American Life • Hard-working Americans • Rise of Inequality - 300 millionaires in 1860 / over 4k in 1892 - monopolies & “robber barons” - What did these robber baron do to competitors? • Robber barons created wealth, just poorly distributed

  10. Industrial Power of U.S. • By 1913, Industrial strength surpassed next 3 nations combined A. Labor accidents at all time high 1. Bureau of Labor (1884) / Labor Day B. Knights of Labor (1880s) 1. increase in strikes 2. membership ceased by 1900 3. new labor organizations (AFL) - million members by 1900

  11. Election of 1896 • Depression (mid-1890s) - voter registration increased 15% • Democrats nominate William Jennings Bryan / “whistle-stop campaign” (p 501) • Republicans nominate William McKinley - “front-porch campaign” / “wild man” • Americans believed fate of the nation was at risk

  12. Election of 1896

  13. Conclusion • Election of McKinley spurs Republican dominance of presidency for next 20 yrs - economy out of depression • Strikes & protests hit home & many Americans support a bigger gov’t & reforms • Century of change

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