Industrial Revolution
Andrew Carnegie (1835-1919)
- born in Scotland - self-made man
- father Will was weaver - Chartist
- immigrated to Pittsburg 1848 - telegraph
- Pennsy. RR of Tom Scott - "managerial revolution"
- learned "capital theory of value"
- Keystone Bridge Co. - steel from small puddling furnaces
- Eads Bridge at St. Louis 1867-74
- Union Iron Works - Bessemer patent pool 1872
- Henry C. Frick - coke replaced charcoal -helped by Thomas Mellon
- Panic of 1873 - J.P. Morgan
- Edgar Thomson Steel Co. 1875 - made RR rails (2/3 total steel market)
- vertical & horizontal integration to replace chaotic competition among 1000 small iron and steel mills
Homestead Steel Works
- largest steel mill built 1881 by Carnegie on Monongahela River
- structural steel for skyscrapers and ships replacing RR rails
- open hearth furnace
- 3000 Slavic unskilled workers - 10 cents per hour
believed in "za chlebom" - right to one's daily bread
- 400 skilled workers - Amalgamated Association of Iron & Steel Workers
- believed in "labor theory of value"
- new contract due 1892 - Frick offered 18% wage cut
- Pinkerton detectives - fence built
- Advisory Committee - Hugh O'Donnell, mayor John McLuckie
- June 24 contract deadline
- June 25 - wildcat strike by Knights of Labor
- June 28 - lockout by Frick
- July 6 - river invasion by 316 detectives on 2 barges
- July 11 - 8000 state militia called by Gov. Robert Pattison - Repub party boss Christopher Magee, Co. lawyer Philander Knox
- July 23 - Frick shot by Alexander Berkman, Emma Goldman
- strike failed after 4 months -became open shop - juries acquitted leaders but blacklisted
Significance
- Power of Carnegie
- able to control production process, detectives, militia, courts, scabs
- Mechanization of work
- Amalgamated was obsolete, with 1500 fewer members after 1892
- Labor surplus
- too many workers competing for jobs
- Government was pro-business
- not laissez-faire or "invisible hand" of supply and demand
- Radicalization of labor
Industrial Revolutionaries
- John D. Rockefeller
- Thomas Edison
- Alexander Graham Bell
- George Eastman
Resources