Politics
The period included two mostly uneventful presidencies by Cleveland and Harrison.
The rise of “political machines” cemented political grip of certain groups in urban areas.
Industrialization
The Transatlantic Railroad is completed in 1869.
Starting during the Civil War, the North build many factories and railroads to support the war effort. Great industrialist make vast fortunes. For example:
- Andrew Carnegie, steel magnate
- John D. Rockfeller, oil magnate
- Cornelius Vandebilt, transport Tycoon
- JP Morgan, banker
These very wealthy individuals wield amazing power and influence. They are called “Captains of Industry” and later called “Robber Barons” due to their often unethical business practices.
Congress starts to regulate businesses with the 1887 Interstate Commerce Act and the 1890 Sherman Anti-Trust Act. However they were mostly ineffective due to massive loopholes.
The labor movement
In 1866, the National Labor Union is created followed by the Knights of Labor in 1869 and the American Federation of Labor in 1886. Their goal is to defend worker’s rights.
The 1873 economic crisis plunges millions of workers into unemployment. The period sees massive strike in mines, railroads, and steel plants. The strikes are often ended through military intervention.