Gould v. Lloyd
Are government regulations really needed in the late 1800's to stabilize industrialization or is "control by the government...contrary to our institution..?" To better describe the long time feud between ideas, we will be using two documents titled "Testimony before the U.S. Senate, 1883" and "The Political Economy of Seventy-three Million Dollars, 1882," to compare and contrast the two different view points of industrialization. The first document is about Jay Gould, as a very rich "self-made man" speaking to the U.S. Senate about the problem between the two ever growing social classes; the social classes being between the workforce and the employers. Gould is faced with explaining the problem of the classes and has to respond to its solution. Gould's response differs tremendously from the response of Henry Lloyd's. In the second document, Lloyd tries to summarize Gould's life in one short document. Lloyd takes a very negative approach to describing Gould and his theories because they go against his religious beliefs/duties.
Because both Gould's and Lloyd's upbringings were very complementary to the others, their stances on the historical problem of industrialization is able to be compared and contrasted very easily to best break down both of their solutions to the problem.
The background to Gould and Lloyd played a large role on their stances in industrialization. Because of the large difference in background before the industrialization, their motives have differed from one and other in a complimentary manner. Gould came to America as an immigrant that had nothing. From hard work and perseverance, he was able to work his way up through the ranks. From his ability to work from nothing to something he is a supporter of Social Darwinism that allows companies to compete and let the "fittest company" excel. Another motive he had...