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The Industrial Economy: Crash Course US History #23

CrashCourse2013-07-25
US History#JP Morgan#Vanderbilt#Rockefeller#Stanford#Carnegie#Samuel Gompers#labor#Terence V Powderly#Knights of Labor#AFL#American Federation of Labor#Standard Oil#steel#iron#APUSH#AP#test#exam#learn#strike#Haymarket#anarchists#Pullman#Pullman strike#Homestead Strike#robber barons#captains of industry#youngstown#unions#labor union#worker#employee#rights#8 hour day#Wobblies#Industrial Revolution#homework help#teacher resource
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💫 Short Summary

The video segments discuss the impact of post-Civil War American industrialization, attributing success to factors like national currency, telegraph improvements, and the Pacific Railway Act. The rise of big corporations like Standard Oil and U.S. Steel, the formation of unions, and the influence of Social Darwinism are highlighted. The era saw the rise of industrial capitalists known as captains of industry and robber barons, shaping global economy and sparking discussions on freedom and inequality.

✨ Highlights
📊 Transcript
Factors contributing to American industrialization post-Civil War.
03:10
National currency introduction, telegraph improvements, and the Pacific Railway Act were key factors in the success of industrialization.
Geography, demography, and law played significant roles in economic growth during this period.
Immigrants played a crucial role in urbanization and economic development.
The Constitution's commerce clause and patent protection influenced innovation in the industrial sector.
The Rise of Railroads as Modern Corporations
04:13
Railroads necessitated new organizational methods and the emergence of middle managers.
Railroads were some of the first publicly traded corporations, with figures like Vanderbilt and Carnegie leading the industry.
The Transcontinental Railroad showcased the collaboration between industry and the national government.
Industrial capitalists were viewed as both heroes and villains, referred to as captains of industry and robber barons.
Overview of the late 1800s in the US.
08:49
Rise of big corporations like Standard Oil and U.S. Steel, and formation of unions like Knights of Labor and AFL.
Impact of Social Darwinism on business practices and violent clashes during strikes for better conditions.
Unions advocating for more equal economic system due to poor working conditions and inequality.
Similarities between the era and modern corporate dynamics, emphasizing ongoing struggle for labor rights and fair treatment of workers.
Impact of Post-Civil War America on Global Economy
11:43
Post-Civil War America influenced global perceptions of success, failure, wealth, poverty, and inequality.
Discussions on freedom were sparked by the economic changes brought about by Post-Civil War America.
American industry's influence on a global scale was highlighted as a result of the economic developments in post-Civil War America.