"The second Industrial revolution and historic happenings of that time"(Includes the idea of laissez fairieism and the New Deal)

The second industrial revolution and historic happenings of that time

        

        The second Industrial revolution was a time for social and government reforms. It was a time when capitalism strived and societys ways of thinking and governing were challenged. It also was a time when technological advances took place, significantly changing the emotional state of the people.

        This new economic order was controlled by monopolies and certain individuals who held spacious power due to their wealth. The poor remained poor while the full flourished. Examples of this are with John D. Rockefeller and Andrew Carnegie. Rockefeller and Carnegie both owned monopolies and contributed to the economic changes that were brought frontwards in the second industrial revolution. Carnegie became the father of steel, integrating it into our rail line system. Jay Gould had originally dominated the railroad but due to his writ large lack of care for the people he was often dislike and criticized for being a businessman and cashing in on the railroads sort of than providing transportation. The Americans do Carnegie popular, they were excited to steer away from Gould. If Jay Gould was the man Americans love to hate, Andrew Carnegie was one of Americas heroes. The infamy of the one man and the popularity of the other testified to the countrys ambivalent reaction to industrialism. (Pg.



621, The American Promise) The railroad business flourished and all aspects were beneath Carnegies control and he was also seeking all the benefits. Without either significant competition and the vast control Carnegie held, he was qualification extraordinary amounts of money and held enormous amounts of economic and political control. This was a prime example of a monopoly, as was Rockefeller with his oil business. Rockefeller made his fortune at a young age. Being the leash supplier of oil in America, and being a multi-millionaire already,

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