Sunday, April 14, 2013

Capitalism in the U.S, Necessary Evil or Blatant Oppression?

        In the late nineteenth-century, the United States was faced with an

amazing set of circumstances. industrialization was increasing the countrys

output and making way for inventions that would change e veryday life.

Industrialization was as well regressing the country to a time when the mess were

poor and ruled by a few. Labor relations were tense to say the least. This was a

result of people being worked for long hours with little pay. Violence erupted

and an overwhelming per centum of the population was impoverished. Still, the

electric light was invented, the Bessemer process change magnitude steel production,

machinery increased agricultural output and many another(prenominal) miles of railroad were put.

Many good and many bad things resulted from the explosion of capitalism. The

question about capitalism that every individual must drop asked themselves was

this: Were the good things that came of the late nineteenth-century worth the

lives, distress and oppression? The dish up in many minds was no.

        Mr. Forrest McDonald attempted to answer this question in his essay.

McDonald ended his essay with a bid on the Sherman Antitrust comport. Of

this act, McDonald stated the following: ...it would lead Americans very near to

killing the goose that had laid the chromatic eggs. Trusts were what kept

corporations in situation during the time of the Sherman Antitrust Act.

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objective of the act was to help relieve the squeeze that trusts could put upon

small businesses. Although McDonald was correct in his statement that the

Sherman Antitrust Act was stupid because it did little to help the situation, his

assessment of trusts as laying golden eggs was wrong. The only golden eggs

that a trust laid were quickly stolen by the people controlling the trust. While it

may have been trusts and monopolies that made America a world power, the

only people who...

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