Briefly describe ONE major difference between Brands and Cashman’s historical interpretations of the impact of the American industrialization. Briefly explain how ONE event, development, or circumstance from the period 1880 to 1920 that is not explicitly mentioned in the excerpts could be used to support Brands’s argument. Briefly explain how ONE event, development, or circumstance from the period 1880 to 1920 that is not explicitly mentioned in the excerpts could be used to support Cashman’s argument
“The capitalist revolution was in many ways the best ever to befall the ordinary people of America. The country’s population grew from 40 million in 1870 to 76 million in 1900, with two-thirds of that growth from natural increase reflecting the healthful, hopeful conditions among those already in America, and one-third from immigration the belief of the newcomers that they might share the natives’ health and hope. Infant mortality declined by a third; life expectancy increased by a seventh (to nearly fifty years for whites, blacks died about a decade sooner). The nation’s total output tripled in real terms; average per capita income nearly doubled.”
H.W. Brands, American Colossus: The Truiumph of Capitalism, 1865- 1900. 2001
“The House of Morgan had a uniform policy to all the insolvent companies it penetrated. It dried out the old stock, issued new bonds at lower rates of interest and insisted on consolidation or collusion with rivals. Once it had achieved a maximum of voting stock, it pursuaded shareholders to surrender their duties to Morgan or his nominees on the board. . . John Brisbane Walker, editor of Cosmopolitan Magazine, wrote in the April 1901 issue how “the world . . . ceased to be ruled by . . . so-called statemen. True, there were marionettes still figuring in Congress and kings. But they were in place simiply to carry out the orders of the world’s real rulers – those who control the concentrated portion of the money supply.”
Sean Dennis Cashman, America in the Gilded Age: From the Death of Lincoln to the Rise of Theodore Roosevelt, 1993
- Using the excerpts above, answer (a), (b), and (c).
- Briefly describe ONE major difference between Brands and Cashman’s historical interpretations of the impact of the American industrialization.
- Briefly explain how ONE event, development, or circumstance from the period 1880 to 1920 that is not explicitly mentioned in the excerpts could be used to support Brands’s argument.
- Briefly explain how ONE event, development, or circumstance from the period 1880 to 1920 that is not explicitly mentioned in the excerpts could be used to support Cashman’s argument
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