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Mineral Based Economy (1830s)
Coal and Metal began to emerge so manufactures increasing used ran their machinery with coal burning rather than water burning -
Samuel Colt (1836)
The assembly line was used as seen by Samuel Colt when he used it for the production of his invention, the six shooter revolver -
Period: to
Knights of Labor (1869-1890)
All workers except the Chinese
Government recognized the right to organize
Believed that ordinary people needed control over the enterprise in which they worked
Goal: government regulation of corporations and laws that required to negotiate during strikes
Advocated person responsibility and self discipline
Terence Powderly - leader
Decimated after Haymarket Square bombing
Workplace safety, laws, no child labor, federal tax on national high income, public tele lines -
Horizontal Integration (1869)
Merged local companies of the same activity into a group
Process of company increasing production of the same part of a chain -
John D. Rockefeller (1870)
“King of Petroleum”
Succeeded through vertical integration and coined horizontal integration
Allied with railroad executives
Bought out smaller businesses after starving them
Because of Rockefeller’s ways congress passed a law making monopolization illegal