Preview

Monopolies And The Industrial Revolution Essay

Good Essays
Open Document
Open Document
1547 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Monopolies And The Industrial Revolution Essay
Innovations Effect on the Study of the Industrial Revolution.

The study of the Industrial Revolution as well as the study of the titans of industry has greatly been affected by the innovation of great inventers such as Thomas Edison and Nicholas Tesla. Such great innovators made it possible for the Industrial Revolution to occur as rapidly as it did, and the study of these individuals has greatly affected how the Industrial Revolution has been viewed. My paper will be a historiograpical paper focusing on the approach historians took as they studied the inventors/innovators and how the way those inventors and innovators affected how the Industrial Revolution is viewed. Historiography is the study of the historians who researched, and wrote about a particular topic and how their personal biases and the era in which they wrote affect how history is viewed. More specifically, for my
…show more content…
This article will be important to my paper as it will provide a look into how monopolies and industry was viewed getting ready to head into WWII where we know industry was crucial for the allies to win the war.
Mizruchi, Mark S. “Relations Among Large American Corporations, 1904-1974.” Social Science History 7, no. 2 (1983): 165-82. This article looks at American industry in corporations from the beginning of the twentieth century up to the mid nineteen seventies. It discusses corporation and trusts, and the impact huge conglomerates had on society. This will be important for my paper because it is one of the few articles I will be using that looks at such a large scope of time, so author bias from the nineteen eighties will be illustrated over a large number of topics and vast number of years.
Hidy, Ralph W. “Development of Large-Scale Organization: The Standard Oil Company.” The Journal of Economic History 12, no. 4 (1952):

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Monopolies In The 1800's

    • 325 Words
    • 2 Pages

    Monopoly is the possession or control of the supply in a service. The government made monopolies illegal because they started to hurt the consumers by charging way too much for products. Also monopolies were so powerful they cause competitor companies to lose money and run out of business. Then they made monopoly illegal in the 1890’s was passed as the Sherman Antitrust Act. Work industries in the 1800’s were extremely dangerous, they didn’t have any equipment to keep them from getting hurt. They had children working also working there to get into cramped spots in machines and sometimes they would lost limbs and even their life. The work place was very unsanitary and busy. The Industrial Revolution was the transition to new manufacturing…

    • 325 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Apush Dbq Research Paper

    • 422 Words
    • 2 Pages

    Large corporations in the United States influenced the economy by instilling control over an economic sector through vertical or horizontal integration, leading to higher prices and poorer quality goods. American citizens felt that it was necessary to reverse such trends, by having the large and wealthy corporations donate back to the poor (Doc E). This idea followed very closely with Andrew Carnegie’s The Gospel of Wealth,…

    • 422 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Great changes were stirring in Europe around 1840—Queen Victoria had just taken the throne in England and the English Industrial Revolution was in full swing. Ever since the Middle Ages, as the centuries continued to pass, people were focusing less on religion and more on themselves. It may seem selfish, but in truth, it was necessary—the Industrial Revolution forced the majority of specialty tradesmen to retire from their respective professions. Goods were being mass-produced in factories and these goods were less expensive. The barter system, a way of trading goods and services between two parties, went out the window because nobody had anything to trade anymore.…

    • 183 Words
    • 1 Page
    Good Essays
  • Good Essays

    British had political control and they succeeded in monopolizing the trade with India. Their foreign rivals were defeated in trade and thus they did not face any competition. They also monopolized the export of all types of raw materials. They use to buy them at low prices whereas the Indian weavers had to buy them at overpriced prices. They imposed heavy duties on Indian goods on their entrance in Britain so to protect their own monopolized industry. They thought out of the box and did many investments to expand the communication and transport system in the country. This in turn to facilitated the transportation of raw materials from the fields to the port, and also the transportation of finished goods from the ports to the markets got…

    • 698 Words
    • 3 Pages
    Good Essays
  • Better Essays

    History Dbq 2012

    • 1940 Words
    • 8 Pages

    While the initial stages of big business trace back to pre-Civil War America, it was not until the post-Civil War time period that large corporations effected on American society. From Rockefeller to Vanderbilt to Carnegie and all in between, these men and their businesses had unprecedented influence on American life. John Rockefeller created the Standard Oil Trust, with the intention of his business, Standard Oil Company, becoming the oil monopoly; short after, The Homestead Strike against Carnegie Steel aroused massive public support for unions. Likewise, big businesses’ growth and influences brought about a decline in the cost of living and the birth of a new political party. As a whole, the rise of big business in post-Civil War America caused a downward economic spiral while simultaneously increasing American hostility toward government and corporations, ultimately leading to the birth of new political and philosophical movements.…

    • 1940 Words
    • 8 Pages
    Better Essays
  • Satisfactory Essays

    In the time between the 1890s and 1920s, America experienced a massive amount of growth. People in poverty-stricken, overcrowded cities suffered greatly. In big cities, politicians kept power using several political machines. Companies created monopolies and controlled the nation’s economy. Many Americans were concerned about this, and believed that great change was needed in society to protect everyday people. As a result, these people, generally journalists, were called “reformers”.…

    • 69 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    Chapter 1 talks about the industrial revolution and the changes it brought on. It started in Great Britain in the late 1790’s and spread violently across Europe. Countries that were dominated by the agriculture switched to a new industrial society. Many factories across the globe were created and helped modernize many cities. Material goods were produced at an alarming rate and were readily available for the consumer. With the boom of factories in city areas, job opportunities were available thousands of people and even for women. “The working classes constituted almost 80 percent of the population of Europe. New inventions were also being created to aid life for people. With the creation of the engine, new technologies such as the train, cotton gin, and later the automobile revolutionized how people and goods could move across vast areas. “The processing of liquid fuels-petroleum and it’s distilled derivatives-made possible the widespread use of the internal combustion engine as a source of power in transportation. There were also quite a few social changes. The wealth that the new industry brought was shared unequally and made the standard of living for the average person quite bad. Such living conditions spread anger and frustration which started many revolts across Europe. The industrial revolution also knocked to era of renaissance into the history books.…

    • 768 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    (1) One of the most well known, and successful leading entrepreneurs throughout the Gilded Age, was a man named John. D Rockefeller. John D. Rockefeller had “a Standard Oil Company [that] dominated the oil industry.” With the help of his “precision, order, and tidiness”, he was a strong candidate for a very successful business owner. Rockefeller was a pioneer and a leading example to many other business owners throughout the next decades. People are gravitated to his will and power to soar through business. But rockefeller had an important strategy that remains interlocked with his name, forever. Monopolies. What exactly are monopolies? According to dictionary.com, it means “the exclusive possession or control of the supply or trade in a commodity or service.” Rockefeller had complete control of business. He made tactics that was known as horizontal integration and vertical integration.…

    • 585 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Apush- Monopolies

    • 968 Words
    • 4 Pages

    America’s industrial growth during the period from 1870 to 1900 was greatly impacted by growth of large corporations that affected the economics and politics of our nation. As corporations began to grow, so did their power and influence. Their numbers grew to be so significant that they were known to be one of the major forces within the United States, with both a great amount of power and the ability to control much within the United States. Their power and influence expanded and impacted the economic and political aspects of our nation. These corporations dominated American business and defined the American culture. The Gilded Age, a term coined by Mark Twain, was used to describe the conditions within the United States during this time. The nation was “lined with gold”, but had many struggles and obstacles that spread through the social, political, and economic aspects of the United States. These big businesses initiated many transformations within the United States and set the foundation for America becoming the world’s greatest industrial nation. In the time period between 1870 and 1900, corporations used their influence and power to control and transform both the economic and political systems of the United States. In response, Americans organized and implemented changes within the society to counteract the detrimental effects of these massive monopolies.…

    • 968 Words
    • 4 Pages
    Better Essays
  • Good Essays

    During the Progressive Era, the theory Social Darwinism was a belief conceived by many individuals. This theory was created after the philosopher Charles Darwin’s theory of survival of the fittest. Social Darwinism is a theory stating that every individual must compete against each other in order to achieve success. This theory message states that a person should take any necessary action to earn the highest income possible. Followers of this theory, including Andrew Carnegie, used this theory as fuel and became wealthy, greedy businessmen. Laissez-faire believers did not like this theory. They believed it caused corruption, and influenced people that there is a “sink or swim” economy. Railroad managers displayed little interest for patents. Many railroads manufactured most of their equipment and try to stay away from conflict with two patented items. At the time, because of the lack of different models of patents, thus infringement cases remained low. By the 1860’s, several railroads such as New York Central, The Baltimore Chicago, and Ohio .expanded and became more technologically advanced. More equipment were being used which made monopolies and other corporations vulnerable to infringement. People used this opportunity to try to receive large settlements from corporations for a corporation using a product that an inventor created. As time progressed, railroad technologies began being controlled by Corporate Research. The Federal Government and Corporations conflicted more, In Conclusion, Industrialization led to Monopolies, the railroad industry, and patents being used for corruption. Monopolies damaged the economy and caused fraud. Business owners became money hungry, and abused their control over the market such as overpricing goods and causing other related businesses to…

    • 273 Words
    • 2 Pages
    Good Essays
  • Good Essays

    The Industrial Revolution made a huge impact on the people back in the 1700’s and 1800’s. This time period set the pace for products and food to be made easier than before, safer than before, and also more efficient than before. All the inventions that came about during this time period would greatly influence how things are made today. With the industrial revolution there came a lot of job opportunities for both men and more importantly women. The argument now is if the industrial revolution led to a sexual revolution. Historians such as Edward Shorter, who believes that new employment opportunities for unmarried women led to an increase in freedom sexually and caused a rise in illegitimacy rate. Other historians, Till, Scott, and Cohen disagreed with Shorter and argued that the unmarried women of that time period worked to put food on the table and not to gain personal freedom. Their opinions on the rise…

    • 735 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Through the writings of Andrew Carneige, and Jay Gould, some of the wealthiest men of the era, both believed that the government should not be involved when it came to certain business choices. It is evident to see throughout these documents that if you were higher up in society, it changed the way you viewed and appreciated things.(…)…

    • 768 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Chaotic Nature

    • 1178 Words
    • 5 Pages

    There is ample evidence that Germany’s war production levels increased during the Second World War in 1942, when ammunition, tanks and total arms increased by significant percentages due to Albert Speer relaxing constraints on businesses, and increasing the number of workers. However, one cannot not deny that the chaotic nature of the Nazi Government structure undermined war production excessively, due to the fact the German economy was not fully mobilised for war. It is also evident that the shortage of raw materials and labour affected the economy massively, furthermore with the SS remaining loyal to themselves; murdering six million Jews instead of seeking labour. The key factor of the failures in German war production is that the Nazi state was too chaotic and remained loyal to their ideology rather than to the war effort, with too many agencies competing for any consistent policy to be formulated; thus slackening war production.…

    • 1178 Words
    • 5 Pages
    Better Essays
  • Better Essays

    The Industrial Revolution changed the world forever. It helped progress us forward to how things are ran today. It made work faster and more efficient. A thought process that we will have forever. Moving the textile business out from people’s homes and in to the factory was a big necessary step.…

    • 1780 Words
    • 8 Pages
    Better Essays
  • Satisfactory Essays

    This is my research paper and it is about industrialization and technology during the 1830s up to 1865. Industrialization is a development of industries in a state or country or region on a wide scale. Technology is a knowledge of the application of scientific knowledge for practical purposes, especially in industry. Technology is how the world works now but if we did not have farmer then we would not have food. Farmers have pigs,cows,horses,chickens, and makes us food. Technology is how we get places talk to people and to FARM.…

    • 122 Words
    • 1 Page
    Satisfactory Essays