History of America’s One Percent – Episode #30

hogaf-logo-wip2In this podcast series we dive into the long and shadowy history of America’s ruling elite through the works of authors who were either silenced, suppressed, or forgotten, to discover the origins of the 1% and from where their power and wealth was, and still is, extracted. Each recording will be approx. 1 hour in length to allow for easy consumption of the material.  The narrator will only interrupt the reading to provide insight, spell names, read informative footnotes, or provide definitions for archaic words.

In this episode – Continued reading of History of Great American Fortunes by Gustavus Myers.  Includes Part III, Chapter VII:  The Vanderbilt Fortune in Later Generations, continued.  The Labor Movement Collapses After 1887.  Labor Party Leaders Bribed With Offices In Democratic and Republican Administrations.  Labor Reduced to Begging Politicians For Scraps of Legislation.  War Resumes Between the Middle Class and the Great Magnates.  The Middle Class Passes Anti-Trust Laws in 23 States By 1890.  Each Trust Busted Reorganizes Deeper In the Technicalities of the Law.  The Great Magnates Install Their Agents On the Benches and as Attorneys General.  The Vanderbilt’s Acquire the “Big Four.”  Some Circumstances Behind the Panic of 1893.  Gathering In Anthracite Coal Mines In Pennsylvania.  Squeezing Out the Independent Operators.  Abuses of the Mine Workers.  The Company Store.  The Grand Prize: Philadelphia and Reading Railroad Owned One-Half of Coal Supply in Pennsylvania.  President of the Philadelphia and Reading Railroad, Arthur McLeod’s Wreckless Ambition.  Vanderbilt and Morgan Join Forces To Crush McLeod.  Splitting the Spoils of War.  Treatment of the Mine Workers Under the New Owners.  Gathering in the Bituminous Coal Mines Also.  Untold Profits From The Coal Mines.

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PART III, CHAPTER VII – FOOTNOTES, cont’d. Continue reading