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Excerpt From "Age of Acquiescence" By Steve Fraser.

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  • 8/9/2019 Excerpt From "Age of Acquiescence" By Steve Fraser.

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    Copyright © 2015 by Steve Fraser 

    All rights reserved. In accordance with the U.S. Copyright Act o 1!"#$ thescanning$ %ploading$ and electronic sharing o any part o this boo& witho%t

    the per'ission o the p%blisher constit%te %nlaw%l piracy and thet o the

    a%thor(s intellect%al property. I yo% wo%ld li&e to %se 'aterial ro' the boo& 

    )other than or review p%rposes*$ prior written per'ission '%st be obtained

     by contacting the p%blisher at per'issions+hbg%sa.co'. ,han& yo% or yo%r 

    s%pport o the a%thor(s rights.

    -ittle$ rown and Co'pany

    /achette oo& ro%p

    12!0 Aven%e o the A'ericas$ ew or&$ 10103

    littlebrown.co'First 4dition Febr%ary 2015

    -ittle$ rown and Co'pany is a division o /achette oo& ro%p$ Inc.

    ,he -ittle$ rown na'e and logo are trade'ar&s o /achette oo& 

    ro%p$ Inc.

    ,he p%blisher is not responsible or websites )or their content* that arenot owned by the p%blisher.

    ,he /achette Spea&ers %rea% provides a wide range o a%thors or 

    spea&ing events. ,o ind o%t 'ore$ go to hachettespea&ersb%rea%.co'

    or call )6##* 7"#8#5!1.-ibrary o Congress Cataloging8in89%blication :ata

    Fraser$ Steve.

     

    ,he age o ac;%iescence the lie and death o A'erican resistance to

    organi1!35? 2. Social conlict>

    United States>/istory. 7. 9rotest 'ove'ents>United States>/istory. 3.

    Inco'e distrib%tion>United States>/istory. 5. 4lite )Social sciences*>  

    United States>/istory. #. 9ower )Social sciences*>United States>  /istory. ". Ac;%iescence )9sychology*>/istory. 6. Social 

     psychology>United States>/istory.  I. ,itle.

     

    41#!.@6F"7 2015

     

    !"7.!1>dc27 20130203##

    10  !  6  "  #  5  3  7  2  1

    :-C

    9rinted in the United States o A'erica

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    Introduction

    Occ%py Ball Street$ a 'ove'ent that began as a s'all enca'p'ento yo%ng people in lower anhattan$ beca'e a riveting p%blic spectacle

    in the all o 2011. A 'ere 'onth ater the irst sleeping bags were

    %nrolled in @%ccotti 9ar&$ a stone(s throw away ro' the ew or& Stoc& 

    4Dchange on Ball Street$ 'illions o Eocc%piers in a tho%8sand cities

    aro%nd the world all on the sa'e day echoed the plaint o those ew

    or& rebels that the whole planet had been hiGac&ed and then r%ined by a

    inancial elite and its political enablers. E,he !!H who were its victi's

    had had eno%gh. othing o this scope and speed had ever happened

     beore$ ever. It was testi'ony not only to the 'agical powers o the

    internet$ b%t 'ore i'portant to the proo%nd rev%lsion inspired by

    instit%tions that G%st a ew short years earlier had co''anded great

    a%thority and respect. ow they see'ed illegiti'ate and disgraced.

    9eering bac& into the past at a largely orgotten terrain o str%ggle against

    Ethe Street and the do'ination o e'powered econo'ic elites o all

    sorts$ a historian eels co'pelled to as& a si'ple ;%estion Bhy didn(t

    cc%py Ball Street )BS* happen '%ch sooner than it didJ :%ring

    those three years ater the global inancial 'eltdown and reat

    ecession$ an eerie silence blan&eted the co%ntry. Stories acc%'%lated o 

    Ball Street greed and arrogance$ astonishing tales o inco'petence and

    larceny. 9eople lost their ho'es and Gobs. 9overty reached levels not

    seen or a generation. ,he political syste' proved as ban&r%pt as the big ban&s. ipartisan consens%s e'erged$ b%t only aro%nd the eort to save

    Etoo big to ail goliaths > not 

    the legions let destit%te in the wa&e o

    their inancial wilding. ,he political class prescribed what people already

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    " # e A g e o f A c q u i e s c e n c e

    had eno%gh o yet another dose o a%sterity$ pl%s a aith8based belie 

    in a Erecovery that or the !!H o A'ericans wo%ld never be '%ch'ore than an optical ill%sion. In those years$ the hopes o ordinary

     people or a chance at a decent %t%re waned and bitterness set in.

    Strangely$ however$ pop%lar resistance was hard to ind. r rather it was

    invisible where it had always been 'ost conspic%o%s on the let. ight8wing

     pop%lis'$ the ,ea 9arty especially$ lo%rished$ eDcoriating Eli'o%sine

    liberals and &now-it-all govern'ent b%rea%crats. 4stablish'ents in both

     parties ran ro' or tried to c%rry avor with this %pwelling o hot political

    e'otions. %t the ani'%s o the ,ea 9arty was 'ainly ai'ed at biggovern'ent and social liberalis'. ,o be s%re$ it wasn(t ond o inancial

    titans collecting hando%ts ro' the Federal eserve. Still$ ,ea 9arty partisans

    were waging war on behal o capitalis'$ not against it. ,hat 'ission had

    always belonged to the let.

    Bhat letJ In the light o A'erican history$ its vanishing$ or at least

    its railty and passivity$ was s%rpassingly odd. Fro' decades beore

    the ilded Age o the late nineteenth cent%ry thro%gh the reat

    :epres8sion$ again and again landed gentry$ slave owners$ ind%strialrobber barons$ 'onopolists$ Ball Street$ the 4stablish'ent$ and

    assorted other oligarchs had o%nd the'selves in the crosshairs o an

    o%traged citi and  even

    3

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    Introduction

    then all the so%nd and %ry spent itsel ;%ic&ly > what  else is newJ Arg%8

    ably$ A'erica is and always has been a b%siness civili the 

    rest wo%ld ta&e care o itsel.

    ne version o the A'erican story has it that the abrasions o class

    ine;%ities get reg%larly soothed away in the bathwater o ab%ndance.

    ancoro%s conlicts$ which anybody wo%ld ac&nowledge there have

     been plenty o$ are$ in this telling$ 'ore oten abo%t c%lt%ral and social

    ani'osities than abo%t Eclass str%ggle.

    Class warare$ however > so'ething 

    that beca'e virt%ally %nspea&8able

    d%ring the last generation > was  a co''onplace o everyday lie d%ring

    what 'ight be called the long nineteenth cent%ry. It was part o o%r ling%a

    ranca ro' the days when Leerson and his de'ocratic ol8lowers

    deno%nced co%nterrevol%tionary E'oneycrats thro%gh the gri' decade o 

    the 1!70s$ when Fran&lin oosevelt eDcoriated Eecono'ic royalists$

    E,ories o ind%stry$ and pillagers o Eother people(s 'oney.

    9residents once elt entirely co'ortable %sing this vocab%lary. Andrew

    Lac&son waged war against Ethe onster an& )the second an& o the

    United States$ which he and his :e'ocratic 9arty s%pporters drove to

    eDtinction$ clai'ing in a it o de'agog%ery that it was an aristocratic

    'onopoly o the co%ntry(s credit reso%rces r%n by the politically privileged*.

    Abraha' -incoln$ when inor'ed that Ball Street traders in govern'ent

     bonds were bearing the 'ar&et$ hoping or Union Ar'y deeats$ s%ggested

    these spec%lators be shot. ,heodore oosevelt interdicted E'aleactors o 

    great wealth in one o his re;%ent 'oods o 'oral high d%dgeon$ not shy

    abo%t voicing his disdain or those

    5

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    " # e A g e o f A c q u i e s c e n c e

     pl%tocrats who tho%ght they deserved the deerence o their ellow citi in  s%'$ the pathways to econo'ic opport%nity > b%t  %sed that

    enor'o%s econo'ic throw weight to s%b8vert the de'ocratic instit%tions o 

    the rep%blic.

    Bere these 'en > not 

    to 'ention F:$ whose ene'ies insin%atedhe was a Co''%nist ellow traveler > closet

     

    arDistsJ ,o thin& so

    wo%ld do a disservice to both Marl arD and these presidents. It is

    rather their %se o the class8inlected$ e'otionally charged lang%age

    o a bygone A'erica that is noteworthy. It is hard to i'agine any

     president o the last hal cent%ry or so having resort to s%ch rhetoric.

    arD once described high inance as Ethe Natican o capitalis'$ its

    di&tat to be obeyed witho%t ;%estion. Several decades have co'e and

    gone d%ring which we(ve learned not to 'ention arD in politeco'pany. %r vocab%lary went thro%gh a &ind o ling%istic cleansing$

    eDiling s%spect and nasty phrases li&e Eclass warare or Ethe reserve

    ar'y o labor or even so'ething as apparently innoc%o%s as Ewor&ing

    class. In ti'es past$ however$ s%ch lang%age and the ideas they conG%red

    %p str%c& o%r orebears as %se%l$ even so'eti'es as acc%rate depictions

    o reality. ,hey %sed the' reg%larly along with words and phrases li&e

    Epl%tocracy$ Erobber baron$ and Er%ling class to identiy the so%rces o 

    econo'ic eDploitation and ine;%ality that oppressed the'$ as well as to

    describe the political disenranchise'ent they s%ered and the

    s%bversion o de'ocracy they eDperienced. ever beore$ however$ has

    the Natican o capitalis' capt%red ;%ite so perectly the speciic nat%re o 

    the oligarchy that recently ran the co%ntry or a long generation and

    ended %p r%nning it into the gro%nd. 4ven political cons%ltant and p%ndit

    La'es Carville )no arDist he*$ conessed as '%ch d%ring the Clinton

    years$ when he said the bond 'ar&et Einti'idates everybody.1

    #

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    Introduction

    cc%py Ball Street$ even beret o strategy$ progra'$ and speciic

    de'ands as 'any la'ented when it was a newborn$ nonethelessopened %p space again or o%r political i'agination by conronting

    this ele'en8tal$ deter'ining eat%re o o%r society(s predica'ent. It

    rediscovered so'ething that$ beneath thic&ets o political verbiage

    abo%t taD this and c%t that$ abo%t end-o -theworld deicits and 8

    'issionary8'inded EGob creators$ had been hiding in plain sight

    na'ely$ what o%r ancestors once called Ethe street o tor'ents. It

    achieved a giant leap bac&ward$ so to spea&$ s%''oning %p a history

    o opposition that had 'ysterio%sly withered away.,r%e t%rning points in A'erican political history are rare. ,his 'ight

    see' co%nterint%itive once we recogni

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    " # e A g e o f A c q u i e s c e n c e

    A do%ble 'ystery then is the s%bGect o this boo&. Spea&ing generally$ one

    'ight as& why people s%b'it or so long to vario%s or's o eDploitation$oppression$ and do'ination. And then$ e;%ally 'ysterio%s$ why they ever 

    stop giving in. Bhy ac;%iesceJ Bhy resistJ -oo&ing bac&8ward$ the

    indignities and inG%stices$ the hypocrisies and lies$ the corr%ption and cr%elty

    'ay see' ins%pportable. et they are tolerated. -oo&ing bac&ward$ the

    dangers to lie$ li'b$ and livelihood entailed in rebelling 'ay see' too dire

    to conte'plate. et in the teeth o all that$ rebellion happens. ,he world is

    %ll o recent and long8ago eDa'ples o both.

    A'erica(s history is 'ysterio%s in G%st this way. ,his boo& is anatte'pt to eDplore the enig'a o resistance and ac;%iescence as those

    eDperiences %nolded in the late nineteenth and again in the late

    twenti8eth cent%ry.

    Be have grown acc%sto'ed or so'e years now to reerring to A'erica(s

    two gilded ages. ,he irst one was bapti

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    Introduction

    acco'plish'ent$ especially o st%nning econo'ic growth and techno8

    logical transor'ation and the a'assing o st%pendo%s wealth. ,his isthe age o the stea' engine and transcontinental railroads$ o the

    'echanical reaper and the telephone$ o cities o 'ore than a 'illion

    and steel 'ills larger than any on earth$ o A'erica(s %ll i''ersion

    in the Ind%strial evol%tion. A once %nderdeveloped$ inant nation

     beca'e a power to be rec&oned with.

    For people living bac& then$ however '%ch they were aware o and too& 

     pride in these 'arvels$ the ilded Age was also a ti'e o proo%nd social

    %nease and chronic conrontations. Citi

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    " # e A g e o f A c q u i e s c e n c e

    'issing were the ins%rrections and all those %topian longings or a world p%t

    together dierently so as to escape the ravages o ind%strial capitalis'. Itwas this social che'istry o apocalyptic doo' 'iDed with visionary

    eDpectation that had lent the irst ilded Age its distinctive risson. ,he

    absence o all that d%ring the second ilded Age$ despite the obvio%s

    si'ilarities it shares with the original$ is a re'inder that the past is indeed$ at

    least in so'e respects$ a oreign co%ntry. Bhy$ %ntil the s%dden er%ption o 8

    BS>a 

    lare-%p that died down rather ;%ic&ly > was  the second ilded

    Age one o ac;%iescence rather than resistanceJ

    I the irst ilded Age was %ll o so%nd and %ry$ the second see'ed tota&e place in a padded cell. ight that stri&ing contrast originate in the act

    that the capitalist society o the ay ineties was nothing li&e the capitalis'

    o o%r own ti'eJ r to p%t it another way :id the %tter strangeness o 

    capitalis' when it was irst ta&ing shape in A'erica > beginning decades

     beore the ay ineties > so  deeply dist%rb traditional ways o lie that or 

    several generations it see'ed intolerable to 'any o those violently %prooted

     by its onr%shJ :id that shattering eDperience elicit responses$ radical yet

     proportionate to the lie-or -death threat to earlier$ cherished ways o lie and

    c%sto'ary beliesJ

    And on the contrary$ did a society li&e o%r own long ago grow

    acc%sto'ed to all the %nda'entals o capitalis'$ not 'erely as a way

    o con8d%cting econo'ic aairs$ b%t as a way o being in the worldJ

    :id we co'e to treat those %nda'entals as part o the nat%ral order 

    o things$ beyond real challenge$ li&e the weatherJ Bhat were the

    'echanis's at wor& in o%r own distinctive political econo'y$ in the

    ;%otidian eDperiences o wor& and a'ily lie$ in the interior o o%r 

    i'aginations$ that prod%ced a sensibility o irony and even cynical

    disengage'ent rather than a 'orally charged %niverse o %topian

    yearnings and dystopian orebodingsJ

    ilded ages are$ by deinition$ hiding so'ethingO what spar&les li&e gold

    is not. %t what they(re hiding 'ay dier$ %nda'entally. Ind%s8trial

    capitalis' constit%ted the %nderstr%ct%re o the irst ilded Age. ,he second

    rested on inance capitalis'. -ate8nineteenth8cent%ry A'erican

    10

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    Introduction

    capitalis' gave birth to the Etr%st and other or's o corporate

    consolidation at the eDpense o s'aller b%sinesses. -ate8twentieth8cent%ry capitalis'$ notwithstanding its 'ania or 'ergers and

    ac;%isitions$ is &nown or its EleDibility$ 'eaning its penchant or

    o8loading corporate %nctions to a world o reelancers$ contractors$

    s%bcontractors$ and n%'berless petty enterprises. ,he irst ilded Age$

    despite its glaring ine;%ities$ was acco'panied by a grad%al rise in the

    standard o livingO the second by a grad%al erosion.

    :%ring the irst ilded Age 'illions o ar'ers$ handicrats'en$

    shop&eepers$ isher'en$ and other s'all property8owners > not 

    to 'ention'illions o eD-slaves and dispossessed peasants ro' the steppes and

     parched ields o eastern and so%thern 4%rope > beca'e  the co%ntry(s

    original wor&ing class. ,hey were swept %p$ oten eno%gh against their will

    or with little other choice$ into the process o capital acc%'%lation

    happening at the orges and o%ndries and engine ho%ses and pac&ing plants

    and 'ills and 'ines and bridges and t%nnels and wharves and the actories

    in the ields that were transor'ing the ace o A'erica. ,his reprocessing o 

    h%'an raw 'aterial into wage labor eDtended well beyond the ay ineties

    and was still going on when the whole econo'y ell to its &nees in 1!2!. y

    the late twentieth cent%ry$ however$ the descendants o these ind%strial

     pioneers were being eDpelled ro' that sa'e ind%strial heartland as it

    %nderwent a reverse process o disacc%'%lation and deind%striali into 

    'ar&etable co''odities prod%ced by wage laborers who

    had lost or were losing their access to alternative 'eans o staying alive.

    9roitability d%ring the second ilded Age relied instead on cannibali everywhere ro'

     icarag%a to angladesh > where deep reservoirs o %ntapped labor$ li&e

    newly discovered oil reserves$ gave ind%strial

    11

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    " # e A g e o f A c q u i e s c e n c e

    capital acc%'%lation a resh start. 9rosperity$ once driven by cost8

    c%tting 'echani

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    Introduction

    acc%'%lation were or that very reason both psychologically and

     politi8cally 'ore eDistentially desperate$ 'ore capable$ and 'orea%dacio%s in envisioning a noncapitalist %t%re than those who had

    co'e o age &nowing nothing elseJ

    And does the global eDplosion o BS 'ar& the end o the Age o 

    Ac;%iescenceJ Is it a t%rning point in o%r co%ntry(s historyJ /ave we

    reached the li'its o a%to8cannibalis'J Is capitalis' any longer co'patible

    with de'ocracyJ Bas it everJ :%ring the irst ilded Age 'illions were

    convinced it was not. :%ring the second ilded Age$ conventional wisdo'

    had it that they went together li&e love and 'arriage. Indeed$ it beca'e ani'perial boast as the United States ass%'ed the b%rden o t%toring other 

    nations on how they too 'ight conect this perect %nion. %t then BS

    artic%lated what 'any had long since concl%ded that the !!H have or all

     practical p%rposes been banned ro' any eective say-so when it co'es to

    deter'ining how the reso%rces o the co%ntry are to be deployed and

    distrib%ted. Is there then a %t%re or de'ocracy beyond capitalis'J An old

    ;%estion is being as&ed anew.

    ,o ta&e the 'eas%re o how we are now entails irst getting a senseo how we once were. 9art I will eDa'ine the Elong nineteenth

    cent%ry$ when capitalis' Ered in tooth and claw 'et ierce ene'ies

    ro' every wal& o lie. 9art II will probe or the so%rces o o%r 

    re'ar&able silence in the 'odern era.

    ,his boo& hardly pretends to be a new history o the United States.

    ,he A'erican evol%tion$ the Civil Bar$ presidential elections$ wars$

    and '%ch else show %p briely$ indirectly$ or not at all. %t it is

    nonetheless an atte'pt to say so'ething essential abo%t the nat%re

    and evol%tion o A'erican society. /ow well we 'anage the grave

    dile''as con8ronting %s now and in the %t%re 'ay depend on how

    well we grasp the b%ried tr%ths o o%r past.

    17

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    Part I

    C'(ss )(rf(re in A*eric(:

    "#e +ong,ineteent# Centur-

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    ead bodies hardly in the gro%nd$ 'e'ories o the Civil Bar(scarnage still raw$ 'illions o A'ericans wo&e %p one s%''er(s day in

    16"" to discover the nation verging on atal division all over again. In

    L%ly o that year a co%ntrywide railroad stri&e > soon 

    to beco'e ina8

    'o%s as the Ereat Uprising > let 

    co''erce paraly

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    " # e A g e o f A c q u i e s c e n c e

    aristocracies see'ed now li&e a pre'onition. :read o a second civil war 

     beca'e a pervasive Go%rnalistic co''onplace$ echoed by pro'inent b%siness'en. In Chicago at the height o the ("" ins%rrection$ the city(s

    ind%strial elders > 'en  li&e eorge 9%ll'an$ 9hilip Ar'o%r$ and arshall

    Field > were 

    convinced that Ethe co''%nists were in their second heaven$

    the canaille was at the very s%''it o its glory$ that li&e 9aris a ew years

    earlier d%ring the Co''%ne$ Chicago now was in the hands o Ethe

    revol%tionary ele'ent. ,hey lent horses$ wagons$ and atling g%ns to the

     police$ or'ed vigilante gro%ps and the -aw and rder -eag%e$ ar'ed or 

     battle.-ess 'inatory voices$ li&e that o the preacher -y'an Abbott$ noted that

    Ethe low growl o th%nder is already to be heard in great cities where the

    wor&ing class harbored Ea great discontent in its heart which a great disaster 

    'ight easily convert into bitter wrath. In the panic that ollowed the

    Chicago /ay'ar&et bo'bing in 166#$ the Chicago Tribune  and other 

    'etropolitan papers li&ened the 'o'ent to the iring on Fort S%'ter$

    observing that altho%gh the ep%blic see'ed on ir'er o%ndations than it

    had been in 16#1$ still the specter o anarchy was E'enacing law$ property$

    govern'ent$ the p%lpit$ the ho'e$ and p%blic and private rights. 4. -.

    od&in$ o%nder o The Nation 'aga

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    Class Warfare in America

    o the sheri ro' enorcing oreclos%res$ it was the police who were

    cri'inals$ the law that was lawless$ order act%ally disorder$ Ecivili

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    " # e A g e o f A c q u i e s c e n c e

    entire b%siness o the co%ntry. 4ven the 'ost privileged > the 

    gilded

    E300 > spied 

    a retro %topian escape hatch. ,hey h%n&ered down insidetheir i'ported castles and rei'agined the'selves as so'e ew Borld

    e%dal aristocracy$ rather than the no%vea% riche they really were.7

    ac& when the irst ilded Age was G%st pic&ing %p stea' in the late

    16"0s$ a wayaring Go%rnalist na'ed /enry eorge prophesied that the great

    A'erican rep%blic was headed to hell$ that li&e o'e$ Eso power8%l in

    ar's$ so advanced in the arts$ it 'ight too be done in by the orces o 

    econo'ic and social division and 'oral decline at loose in the land.

     Progress and Poverty, eorge(s a'o%s boo&$ was in part inspired by theastonishing railroad ins%rrection o 16"". It electriied the co%ntry )there

    were one h%ndred printings in twenty years and it had sold two 'illion

    copies by 1!05* and beca'e the bible o a reor' 'ove'ent that lasted or 

    decades. EStrong as it 'ay see'$ he warned$ Eo%r civili a

    single taD on landed wealth > went 

    down a political dead end$

    winding %p as little 'ore than a historical c%riosity. %t it is the

    ;%estion he as&ed$ not his answer$ that end%res.3

    -ong beore /enry eorge entered the scene$ his ;%estion already had. It

    was there at the creation o the ep%blic. Ferocio%s arg%'ents between

    /a'ilton and Leerson and their legions o ollowers bro&e o%t i''ediately

    ater the adoption o the Constit%tion. ,hey didn(t co'e to blows over 

    ind%strial capitalis'$ which in an %nderdeveloped co%ntry

    20

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    Class Warfare in America

    li&e the United States was at 'ost a aint proposition. %t 9rogress

    and what it 'ight entail were very '%ch at iss%e.AleDander /a'ilton envisioned a vigoro%s co''ercial civili

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    " # e A g e o f A c q u i e s c e n c e

    spawned l%D%ry and c%lt%ral reine'ent$ b%t also poverty$ disease$ beggary$

    and cri'e. ,he slavish dependency o people c%t o ro' their own 'eanso sel8s%pport$ de'orali

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    Class Warfare in America

     ot every year or decade or that 'atter was as ra%ght as 16""$ to be s%re.

    %t the epoch that enco'passed the transor'ation o a sliver o coastalvillages$ s'all ar's$ slave plantations$ and a ew port cities into a

    transcontinental co''ercial$ agric%lt%ral$ and ind%strial pree'inence was a

    wrenching one. For those generations that lived thro%gh it$ it oten called

    orth a cri de coe%r$ rec%rring waves o resistance to the ineDorable$ a

    st%bborn$ '%ltiario%s insistence that the 'arch o 9rogress was too

    spendthrit in h%'an lives$ that there were alternatives. ,hat long nineteenth

    cent%ry o class against class cli'aDed in the labor ins%rgency that ollowed

    in the wa&e o the syste'(s reat Crash o 1!2!. It see'ed to resolve itsel in the ew :eal. %t the ;%estions it raised have end%red$ res%raced$ and

    grown 'ore pressing o late.

    4cono'ic and 'oral ;%estions were$ or o%r ilded Age orebears$

     Goined at the hip. In o%r own day$ the antiseptic$ 'athe'atical

    lang%age o ris& assess'ent and probability analysis 'ade that see'

    overly senti'ental. For well 'ore than a cent%ry$ however$ anDio%s

    A'ericans as&ed i the panting ater 'oney and social distinction

    'ight corr%pt the co%ntry(s so%l. For o%r Nictorian ancestors$Eparasite was both a 'oral category and an econo'ic one. :id

    wealth carry with it a 'oral dile''a$ a conrontation with odJ r 

    was it the royal road to social har'onyJ r was it bothJ Bas

    a'assing wealth the to%chstone o 9rogress$ b%t also its atal lawJ

    Aristocracy and de'ocracy$ slavery and reedo'$ e;%ality and indi8

    vid%alis'$ labor and capital$ god and 'a''on$ progress and poverty these

    are the antino'ies that helped deine the conto%rs o the long nineteenth

    cent%ry$ and especially the decades between the Civil Bar and the reat

    :epression. ,hat is why this boo& begins there.

    27

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    1

    rogress

    )hen the railroad threatened to co'e to -ancaster$ hio$ bac& inthe 'id81630s$ the local school board greeted the prospect as a loo'ing

    'oral disaster. ,he board re%sed to 'a&e its b%ilding available to

    disc%ss the co'ing o the iron horse. Citi

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    " # e A g e o f A c q u i e s c e n c e

    or all the other thirteen acres o 'achines ho%sed at achinery /all$

    capt%red the 'ost attention. It was 35 eet high$ e;%ipped with two10-oot pistons and a lywheel weighing 5# tons rotating at the

    astonish8ing rate o siD ti'es a 'in%te. assive$ silent yet e'anating

    an %nearthly orce$ the engine str%c& the writer Billia' :ean /owells

    as Ean athlete o steel and iron with not a s%perl%o%s o%nce o 'etal

    on it. A Go%rnalist ro' Bisconsin was there when it sprang to lie$

    'anned by only a single attendant

    in obedience to the si'ple to%ch o a wheel and a lever$ the cross8bea'roc&ed high and lowO the cran& revolvedO the pistons shot in and o%t o

    their cylinders$ and nearly eight 'iles o steel shating gave 'otive power

    to 17 acres o 'achinery si'%ltaneo%sly A tho%sand dierent noises

    assailed the ear$ so'e in short$ staccato notesO others in a d%ll$ draining

    h%'O others still in the bris& rattle o '%s&etryO and 'any in a spite%l hiss

    and spl%tter. -ong bands o leather writhed and crac&led over ly8wheels

    . . . .an(s 

     power over 'atter never received so co'plete an

    eDe'pliication beore. ,he terriic orce adapted by his hand to his will$

    the ertility o his inventions$ the delicacy o his to%ch$ and his

    ineDha%stible '%sc%larity$ appeared at once in cohesion and in contrast.

    eside the engine itsel$ a '%ltit%de o other 'echanical 'arvels da

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    Progress

    s%'er devices and delicacies were also eDhibited incl%ding rerigerators and

    the irst bottles o /ein< &etch%p and /ires root beer./owells$ who wo%ld later go on to beco'e a cor%scating critic o 

    A'erican ind%strial capitalis'$ was reverential. /e noted the Corliss

    engine(s Evast and al'ost silent grande%r$ its E%nerring intelligence.

    So'ething i''aterial$ so'ething eDalted$ lodged deep within the ani8

    'ated 'ass o energi

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    " # e A g e o f A c q u i e s c e n c e

    s%ch as the Corliss engine. ,he wonders o scientiic discovery$ the a'a all this was evidence o 

    so'e 'ore proo%nd tr%th abo%t 'an(s ate.

    Faith in econo'ic growth soon enveloped and e'bodied all other 

    airborne hopes or reedo' and e;%ality. It was not only providential$ b%t

    inevitable. ilded Age A'ericans$ a lot o the' anyway$ ervently believed

    in econo'ic progress and ab%ndance as the pathway to reedo'O indeed its

    cha'pions conlated the 'etaphysics o reedo' with the 'echanics o 'aterial ab%ndance$ believing that was how the ew Borld wo%ld escape

    the sorry ate o the ld$ weighed down as it was by those scarcities and

    ine;%ities that let it plag%ed with bitter social Gealo%sies$ resent'ents$ and

    incipient violence.

    4ver since the days o the Corliss engine$ A'erica has worshipped

    at the altar o 9rogress and Ab%ndance. At the height o the Cold Bar$

    Nice 9resident ichard iDon visited %ssia$ where he aced o 

    against Soviet pre'ier i&ita Mhr%shchev in what thereater beca'e&nown as the E&itchen debate. Standing in the 'iddle o a 'odel

    &itchen on dis8play at the A'erican ational 4Dhibition in oscow$

     iDon eDtolled A'erican reedo' and the A'erican way o lie by

     pointing to the eDhibit(s array o electric ranges$ washing 'achines$

    and television sets. I a bellicose Mhr%shchev had once prophesied

    that co''%nis' wo%ld inevitably Eb%ry capitalis'$ the vice

     president retorted by pro'ising that an avalanche o A'erican

    cons%'ables wo%ld do the sa'e to the Soviet Union. 4ven now this

    a'alga' o reedo'$ ree enterprise$ and 'aterial plenty constit%tes

    the aDio'atic hard core o the A'erican credo.

    et discontent so proo%nd it wo%ld sha&e the o%ndations o A'erican

    lie rose %p alongside this 'iracle o 9rogress$ li&e a co%nter'iracle. ,o

    grasp how astonishing that was we '%st irst rec&on with G%st how

    st%pendo%s were the acco'plish'ents o the A'erican tri%'ph.

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    Progress

    There at the CreationAll this irst too& shape d%ring the ilded Age. o nation in history )now

    with the possible eDception o China* ind%striali at least with respect to their 'aterial

    s%rro%ndings > than  the world their parents grew %p in$ -incoln(s world.

    4very era has had its signat%re ind%stry big boD retailing$ inor'a8

    tion technology$ and inance today$ cars in the 'id8twentieth cent%ry$steel beore the reat :epression. ailroads irst ass%'ed that

     position in postCivil Bar A'erica. ,hey were the engine ho%se o the

    econ8o'y$ &nitting together ro' ocean to ocean the irst national

    'ar&et8place$ thereby sp%rring the growth o actory8based 'ass

     prod%ction$ speeding %p co''%nications and the transer o 

    inor'ation between ar8l%ng regions$ 'idwiing new towns$

     pop%lating the wilderness$ and opening %p its nat%ral reso%rces to

    econo'ic eDploitation. o terrain > no 'atter how 'o%ntaino%s$

    arid$ or re'ote > and 

    no weather > no 

    'atter how hot$ ree co%ld stop the iron horse.

    Already in the decades beore the Civil Bar$ the transportation revol%tion

    had c%t a trip ro' the 4ast Coast to the hio valley ro' ity days by

    wagon to twenty8ive days by stea'boat. ,hirty years later it too& a wee& by

    train. y the t%rn o the cent%ry a trip ro' ew or& to San Francisco$

    which beore the Civil Bar too& 'onths$ co%ld be

    2!

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    " # e A g e o f A c q u i e s c e n c e

    done in three and a hal days. oreover$ the railroad %eled a nearly

    insatiable de'and or the o%tp%t o basic ind%stries li&e coal$ iron$and steel$ as well as 'achine 'a&ing o vario%s sorts. Shipping costs

     pl%'8'eted irst$ than&s to canals and then the iron horse$ ro' thirty

    to sev8enty cents a ton='ile to seven cents or '%ch less. And this is

    not to 'ention the way this transor'ation inspired ancillary

    technological innovations and the growth and co'pleDity o trade and

    inance. ne observer ro' the 16#0s described the iron horse as Ethe

    'ost tre'en8do%s and ar8reaching engine o social revol%tion which

    has ever either blessed or c%rsed the earth.7

    y 16!1$ the 9ennsylvania ailroad )the U.S. Steel or eneral otors or 

    Balart o its day* e'ployed 110$000 people$ 'ore than the co'bined

    ar'ed services o the United States. Altho%gh A'erica acco%nted or a 'ere

    # percent o the earth(s land 'ass )and an even tinier percent8age o its

     pop%lation*$ by the end o the cent%ry its rail networ& acco%nted or 32

     percent o the world(s total trac&age$ or nearly 200$000 'iles. ,he railroads

    e'ployed nearly a 'illion people and spent 'ore than all govern'ents >  

    local$ state$ and ederal > p%t 

    together. etween 1660 and 1!00$ reight and

     passenger traic nearly ;%adr%pled.

    ,han&s in part to the i'pet%s provided by the railways$ steel

     prod%c8tion eDpanded eDponentially. y 1660 three8o%rths o all steel

    'an%8act%red in the United States was cons%'ed by the railroads. A

    good portion o the re'ainder o%nd its way into the I bea'

    s&yscraper$ steel ships$ steel cable and piping$ and all varieties o 

    'achinery and ar'a'ents.3

    4verywhere one 'ight loo& the iron horse had let its i'print. Along with

    the telegraph whose wires paralleled the trac&s$ it beca'e the inor'ation

    s%perhighway o the nineteenth cent%ry. It accelerated transactions and 8

    co''%nications > irst 

    co''ercial and then private ones > so 

    rapidly as to

    constit%te a tri%'ph over ti'e and space at least as dra'atic as the one we

    now associate with co'p%ters$ the internet$ and the tele8co''%nications

    ind%stry. oreover$ the relationship between new ways o traveling and

    co''%nicating was sy'biotic the telegraph acil8

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    Progress

    itated the railroad revol%tion by 'a&ing instantaneo%sly available

    inor'ation abo%t train ti'es$ eDpediting the sae ship'ent o  prod%cts and people. As a conse;%ence the costs o prod%ction and

    transportation or all &inds o goods and services ell dra'atically.

    %ral A'erica wo%ld never be the sa'e. ,he railroad co''erciali

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    " # e A g e o f A c q u i e s c e n c e

    spread over 7 'illion acres s%rro%nded by #00 'iles o barbed wire$

    was the largest* and sheepherders Goined grain ar'ers in t%rning theEiddle order > all

     

    that newly opened land west o the

    ississippi and north o isso%ri > into 

    a ood 'achine.

    irac%lo%s is a air way to characteri threshers$

     binders$ reapers$ harvesters$ the steel plow$ corn h%s&ers$ s%gar 'ills$

    cotton presses$ and 'ore > and 

    witho%t the railroad which connectedthe agric%lt%ral bac&co%ntry to do'estic and worldwide %rban

    'ar&ets$ that agrarian 'iracle was inconceivable. So$ or eDa'ple$ one

    'an %sing a 'achine to harvest wheat in 1!00 co%ld do the wor& that

    not long beore re;%ired twenty. An acre o wheat that in antebell%'

    A'erica too& siDty ho%rs to c%ltivate re;%ired only o%r by the end o 

    the cent%ry. ,he Scott and Chisol' pea sheller co%ld re'ove as 'any

     peas ro' a pod as it once too& #00 wor&ers to do by hand. In 1661 a

    new 'achine t%rned o%t "0$000 cigarettes every day$ co'pared with

    the 7000 a s&illed wor&er co%ld 'anage. ,he telegraph )or Elightening

    wire* tri''ed the ti'e to trans'it inor'ation ro' wee&s or 

    'onths to days or ho%rs. EBhat has beco'e o spaceJ an astonished

     New York   Herald as&ed.#

    S%''oning powers once %ndrea'ed o 'ade all this happen. Fro'

    ti'e i''e'orial h%'an and ani'al '%scle$ wind$ the tides$

    wateralls$ and wood provided the energy 'a&ing settled society

     possible. ew godli&e so%rces o energy s%ddenly changed all that.

    Stea'$ coal$ oil$ gas$ and electricity revol%tioni

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    Progress

    as the s%''a o ind%strial lie EIt speeds the loco'otive across the con8

    tinent . . . QandR the 'ighty stea'ship on the seasO it grinds o%r grainO it 

    weaves o%r clothO it prints o%r boo&sO it orges o%r steel$ and in every

    depart'ent o lie it is the %bi;%ito%s$ tireless$ potent agency o o%r civi8

    li

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    " # e A g e o f A c q u i e s c e n c e

    spectac%lar. ,he director o the 16!0 Cens%s esti'ated private

    cons%'er debt at 11 trillion$ three h%ndred ti'es 'ore than anyecono'ist or social observer had predicted.!

    Bhether or not yo% were a'ong the ort%nate able to aord a phone or 

    so'e other 'odern gi a  greater and aster increase than in any other nation in the world.

    %tp%t per capita in 16!! was 250 percent greater than a hal cent%ry earlier.4Dtraordinary prod%ctivity and intense co'8petition lowered prices or all

    goods$ agric%lt%ral and ind%strial$ so that real wages i'proved and average

    ho%rs o wor& declined ro' eleven a day to nine and a hal.

    ,ogether with the agric%lt%ral revol%tion$ this 'ade city lie

     possible or 'illionsO the co%ntry(s %rban pop%lation tripled between

    16"0 and 1!00. 9%blic ed%cation beca'e widely accessible. ,han&s to

    i'proved n%trition$ 'odern 'edicine(s assa%lt on bacterial disease$

    and innova8tions in p%blic sanitation > especially 

    as piped water 

     began to replace cisterns$ and incinerators$ sewers$ and paved roads

     beca'e 'ore co'8'on eat%res o %rban living > lie 

    eDpectancy

    rose by siD years as the ilded Age drew to a close.10

    Soon eno%gh this corn%copia beca'e the envy o the world and a avorite

    A'erican boast. Bhy notJ ,ri%'phalis' li&e this was abetted by the

    re'ar&able and growing dierential between the pace o ind%strial progress

    in the United States as co'pared with 4%rope(s. Already by 166# A'erica

    t%rned o%t 'ore steel than ritainO by the end o the cent%ry its steel o%tp%t

    eDceeded that o the United Mingdo' and er'any co'bined. roader 

    co'parisons were even 'ore stri&ing. ,he val%e o what A'erican

    'an%act%rers prod%ced was twice that o the United Mingdo' and hal as

    great as that o the whole 4%ropean continent. etween 1650 and 1660

    actory o%tp%t in ritain rose by 100 percentO in A'erica by #00 percent.

    ,here were 'ore 'iles o railroads and tele8

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    Progress

    graph lines than in all o 4%rope. ,he United States led the world in

    the prod%ction o virt%ally every strategic ind%strial co''odity$incl%ding steel$ coal$ gold$ ti'ber$ silver$ oil$ telephone$ telegraph$

    electric light8ing$ 'achine tools$ hardware$ and loco'otives. ne

    historian s%'s %p this eDtraordinary ascent EA'erican

    ind%striali

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    " # e A g e o f A c q u i e s c e n c e

     private property. eanwhile$ the ederal G%diciary warded o eorts

     by local a%thorities to enc%'ber b%siness with r%les and reg%lationsregarding their pricing$ labor$ and co'petitive practices. othing was

    allowed to d%ll the appetite or private capital acc%'%lationO the rate

    o personal savings and reinvest'ent o co'pany proits was higher 

    in the United States than anywhere else$ behavior enco%raged by the

    govern'ent(s rigid adherence to the gold standard that helped

    stabili

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    Progress

    other$ an ense'ble o %nctions that together created the national 'ar8

    &etplace. And they did this in the teeth o a 'ercilessly co'petitiveecono'y that drove 'any o their co''ercial rivals %nder.

    ,he 'odern corporation$ which e'erged as the econo'y(s do'inant

    instit%tion by the end o the ilded Age$ was born o%t o this ierce str%ggle

    to s%rvive &illing panics and depressions. S%ch econo'ic disr%ptions

    occ%rred every iteen years or so$ beginning in 167" and contin%ing thro%gh

    to the end o the cent%ry. For eDa'ple$ Fric& )he o the oten noted riveting

    Egrey8eyed ga

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    " # e A g e o f A c q u i e s c e n c e

     peaceable and 'odest$ 'ethodical$ calc%lating$ and pr%dential > in  a word$

    %nro'antic to the bone. Its tr%e and only hero is the ac;%isitive individ%al writ

    large the b%siness'an as warrior. ,he larger8than8lie inancial titans$ coal and

    steel barons$ and railroad apoleons who lit %p the stage o ilded Age

    ind%strialis' were the heroes o 'iddle8class society. As the architects o 

    9rogress$ they absorbed into their otherwise %nprepossessing lives all the

    honorari%'s that once attached to the soldier$ the aristocrat$ the &night errant$ the

    con;%istador$ the advent%rer$ the eDplorer > the  doers who t%rned a society(s

    'ost cherished drea'$ its 'ost val%ed val%e$ into reality$ a reality so grand and

    transor'ative it ta&es the breath away.

    et a ;%estion re'ains. I 9rogress was$ as this acco%nt wo%ld have it$ a

     benign o%tco'e o indigeno%s talents and nat%ral endow'ents$ a perect %nion o 

    te'pera'ent$ instit%tional geni%s$ and elicito%s political invention$ then why allthe deep 'isgivings and %proar it incitedJ Bhere was the devil hiding in the

    weeds that wo%ld di' or 'illions the inat%ation with 9rogress everlastingJ