Discussion 8 - Urbanization
1 year ago
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Economics
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ECON5470
As the Progressive Era came to an end the Federal government found its power rising faster than the sprouting urban skyscrapers.
Fresh from "bustin' up" trusts, and fueled by new sources of tax revenue (and oil), Uncle Sam used his greenbacks to finally take control of the financial system. A multifaceted struggle with the States ensued, as each tried to protect their local markets and banks. At the same time, lone-wolf assassins attempted to institute anarchy by killing political leaders.
At the local level, municipal governments were forced to relearn the hard lessons of urbanization (crime, poverty, sanitation, etc.), which is something we'll delve into during our discussion on cities.
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