- ›› Keywords : Capitalism
The publication of Upton Sinclair’s 1906 novel The Jungle produced an immediate and powerful effect on Americans and on federal policy, but Sinclair had hoped to...
The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back. ...
Glossary Term – Organization
The New Left, a radical political movement, began in the early 1960s and was embodied by anti-capitalist and anti-war groups such as Students for a Democratic Society. The manifesto of Students for a Democratic Society, the Port Huron Statement, was a platform of the New Left and called for “participatory democracy” and “revolutionary leadership.”
These cartoons illustrate the growing hostility toward the practices of big business.
Lowell, Massachusetts, named in honor of Francis Cabot Lowell, was founded in the early 1820s as a planned town for the manufacture of textiles. It introduced a new system of integrated manufacturing to the United States and established new patterns of employment and urban development that were soon replicated around New England and elsewhere.
By 1840, the factories in Lowell employed at some estimates more than 8,000 textile workers, commonly known as mill girls or factory girls. These “operatives”—so-called because they operated...
The dull, purblind folly of the very rich men; their greed and arrogance . . . and the corruption in business and politics, have tended to produce a very unhealthy condition of excitement and irritation in the popular mind, which shows itself in the great increase in the socialistic propaganda.
—Theodore Roosevelt, 1906Reading 2
I think we are in a position, after the experience of the last 20 years, to state two things: in the first place, that a corporation may well be too...