The Gilded Age | Rise of the Robber Barons | 2
Podcast: American History TellersPublished On: Wed Jul 29 2020
Description: In the 1870s and 1880s, businessmen clawed their way to the top of the new industrial economy, accumulating staggering fortunes. Oil tycoon John D. Rockefeller ruthlessly eliminated his rivals one by one, seizing control over the nation’s refineries. Steel magnate Andrew Carnegie revolutionized the industry with his relentless drive to cut costs. And banker J. P. Morgan conquered Wall Street, commanding vast amounts of capital to consolidate corporations.But the concentration of wealth and power had dire consequences for ordinary Americans, and in the summer of 1877 frustrated workers fought back. They blocked freight trains, shut down major rail lines and crippled the nation’s economy.The strike spread like wildfire and sparked deadly violence.Listen ad-free on Wondery+ hereSupport us by supporting our sponsors!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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