All the Market Will Bear

1
All the Market Will Bear

• Monopolies, Wobblies War

2
Monopoly A Basic Glossary

• Robber Barons
• Graft
• Kickbacks
• Trusts
• Union-busting
• Strikebreaking
• Tammany Hall
• Boss Tweed
• Bull Moose

• Socialism
• Organizing
• Molly Maguires
• Wobblies
• Communism
• Anarchism
• Populism
• Jim Crow
• Tenements

3
1865-1900 Industrial Expansion National
Development

• Loan from Bill Gates saves US government from
  bankruptcy (?)
• Opening of West draws men of unlimited capital
• Railroads, land, mining, oil, steel, armaments
• Effect of on politics
• Dodging taxes with trusts
• tramps millionaires

4
Price-Fixing Business as Usual?

• Consolidation of railroads under banker J.P.
  Morgan (1837-1913)
• . . . of steelmaking under Scotch immigrant
  Andrew Carnegie (1835-1919)
• . . . of oil extraction refining under John D.
  Rockefeller (1839-1937) (Esso)
• Charged all market would bear
• Hated feared by ordinary Americans
• Compare to __________ in 2002

5
Labor UnionsLegitimate Association or Communist
Conspiracies?

• Worker safety unknown child labor common
• Immigration kept wages low, race tension high
• Strikes broken by hired guards, scabs, and
  sometimes state militias U.S. Army
• national security ( 14th Amendment?)
• Morgan, Carnegie Co.s friends in high places
• Owners played on fears of Bolshevism called
  labor organizing communistic Un-American
• Some labor organizations genuinely radical,
  violent, e.g. Molly Maguires, anarchists
• Others like IWW, Knights of Labor, so tainted

6
Urban Working Class Meets Downtrodden Farmers

• Farm Belt revolts old Anti-Fed agrarian
  tensions surface again
• The Grange movement
• At first, a Producers union of black white
  farmers
• Populist Party working-class embraces Marxism?
• Never succeeded on national level
• Huey Long, the Kingfish (Louisiana governor
  1928-32)
• Urban workers immigrants part of Democratic
  machine, traditional labor vote
• William Jennings Cross of Gold Bryan vs.
  William McKinley (1896 Presidential election)

7
Honest Graft Think Locally

• Thomas Nast cartoon attacking Boss Tweed (c.
  1870)
• Tammany Hall
• New York City political machine
• As openly corrupt as it ever got in the US
• Tweed dies in jail
• Only one convicted

8
Plenty of money to be madeSupplying the Army
with its tools of trade Country Joe McDonald
(1960s)

• War good for politics, good for business
• A splendid little war against Spain
• Then against the Filipinos, then the Columbians
• TR, war hero, Rough Rider, Bull Moose
• Took own correspondents along
• Rode against the dagos and the meatpackers
• Child of privilege, but . . .
• Irony had power to bust trusts
• First govt. regulation of food industry
• First Progressive (centrist) Republican?
• Compare to John McCain