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The Period Of Industrialization

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The Period Of Industrialization
The period of Industrialization that took place in the late nineteenth century not only transformed America’s economy but also created an epic transformation in the lives of millions of working people, including the farmers. This class, severely impoverished because of sharecropping and tenant farming, faced cruel treatment from growing railroad companies and large monopolies such as the Cairo Short Line Railroad and Rockefeller’s Standard Oil Company which sought to dictate the lives of the producers they dealt with daily. These major issues along with overproduction presented in the panic of 1873 caused a major price drop in the prized crop of wheat. This led to one of the greatest misconceptions of the period, in which silver was the cure-all

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