Industrial capitalism is considered both social and economic where industry and resources are owned by certain individuals for revenue. America watched the growth of this type of capitalism back in the late 19th century through the early 20th century. During this time, property was privately owned and protected by the judicial law of a specific state. The rise of Industrial Capitalism in many parts of the world were results of control over production and consumers as United States officials believed that Americans were using the resources incorrectly. The scramble to acquire in America was the root cause of industrial Capitalism. Certain people believed that Industrial capitalism was unfair and an inefficient distribution of wealth between the states was creating imperialism and other issues such as social and cultural alienation, unemployment, and economic instability. After Industrial Capitalism, the world has seen another form of capitalism almost similar as the former. This was deemed financial capitalism. This affected Americans in a multitude of ways, especially African-Americans, who were viewed as outsiders were not allowed to settle in the North and could not own property. Capitalism put a focus on concentrating resources to only whites during this time period. Labor strikes happened a lot during this period. Unsatisfied workers, who were upset with work conditions or their pay grades, would go on strikes to force their employers to change their policies. Two labor strikes during the Industrial Capitalism period were the Homestead and Pullman Strikes. The Homestead Strike took place Homestead, Pennsylvania and the workers went on strike because Andrew Carnegie refused to increase workers' pay. The strike ended in favor of the owner, however. The Pullman Strike occurred because of the way George Pullman, founder of the Pullman Palace Car Company, treated his workers. Lots of conflict between employers and employees were the sources of these strikes.
Image information: Picture called “Carnegie Steel Works during the 'Battle of Homestead,' July 1892”. Source:
http://projects.vassar.edu/1896/strikes.html
The Development of the Industrial United States (1870-1900), americanhistory.si.edu/presidency/timeline/pres_era/3_657.html.
The ban on blacks owning land even after the civil war is a picture perfect example of the "racial equality" in this country. The whites say they are trying to help the freed slaves, and that they are equal now but yet they have continued to appose at every juncture. Freed slaves want to start over and get a house but cant because they arent allowed and people are still treating black like second class citizens when they arent.
ReplyDeleteHi Tariq,
ReplyDeleteI am glad that you highlighted the Pullman Strike. I am all for creating an uproar when it comes to the things we believe in. It is very unfortunate that things didn't work out in their favor and individuals actually ended up losing their lives for a greater cause.