Impact of the Second Industrial Revolution
The Second Industrial Revolution was a major turning point for the United States of America. A vast number of immigrants began arriving to the U.S. which caused overpopulation and increased diversity. During this period, Robber Barons emerged and began acquiring a ridiculous amount of wealth and power by gaining control of industries and forming monopolies. These Robber Barons also began corrupting congress by influencing the law making process with the use of bribery. The Second Industrial Revolution was undoubtedly a period of trial and error because there were many problem that occurred which the government eventually solved.
Due to the many job opportunities available in the U.S. during the Second Industrial Revolution, immigrants found the idea of migrating to the U.S. and establishing a life there enticing. Unfortunately, the addition of so many people made finding a job difficult and highly competitive especially since minimum wage had not yet been established. Americans began despising immigrants for stealing their jobs, so much so that the Nativist party was established. Eventually, the government noticed that immigrants were causing overpopulation in the U.S. so the …show more content…
Andrew Carnegie, Cornelius Vanderbilt, J.P. Morgan, and John D. Rockefeller were businessmen known as robber barons who believed in Social Darwinism, and became extremely wealthy and powerful by using different forms of monopolies. The forms of monopolies these robber barons used included: vertical integration, horizontal integration, and trust. After realizing how powerful the robber barons were becoming, the laissez faire U.S. government was forced to intervene by creating the Sherman Antitrust Act. The issue of trust monopolies became abolished when the Sherman Antitrust Act was established because this law made forming a trust monopoly
The Second Industrial Revolution was a major turning point for the United States of America. A vast number of immigrants began arriving to the U.S. which caused overpopulation and increased diversity. During this period, Robber Barons emerged and began acquiring a ridiculous amount of wealth and power by gaining control of industries and forming monopolies. These Robber Barons also began corrupting congress by influencing the law making process with the use of bribery. The Second Industrial Revolution was undoubtedly a period of trial and error because there were many problem that occurred which the government eventually solved.
Due to the many job opportunities available in the U.S. during the Second Industrial Revolution, immigrants found the idea of migrating to the U.S. and establishing a life there enticing. Unfortunately, the addition of so many people made finding a job difficult and highly competitive especially since minimum wage had not yet been established. Americans began despising immigrants for stealing their jobs, so much so that the Nativist party was established. Eventually, the government noticed that immigrants were causing overpopulation in the U.S. so the …show more content…
Andrew Carnegie, Cornelius Vanderbilt, J.P. Morgan, and John D. Rockefeller were businessmen known as robber barons who believed in Social Darwinism, and became extremely wealthy and powerful by using different forms of monopolies. The forms of monopolies these robber barons used included: vertical integration, horizontal integration, and trust. After realizing how powerful the robber barons were becoming, the laissez faire U.S. government was forced to intervene by creating the Sherman Antitrust Act. The issue of trust monopolies became abolished when the Sherman Antitrust Act was established because this law made forming a trust monopoly