Wednesday, November 9, 2011

Chapter 6 review

The growth of America has caused many aspects of the economy to grow. As this happens journalism also has grown as well. During this time there were a lot of powerful people who take advantage of this new growth, to make more money in this growing time.  Much like today there is always someone wanting to make more money, and with this greed come journalism. This injustice will be exposed through the opinions and facts of journalist. In the second half the 19th century there has been times when big business will take advantage of things for example the Standard Oil Company that made an illegal deal with Rockefeller Corporation. This was exposed by a journalist named S.S McClure he uncovered how Rockefeller would give Standard Oil special transport and lower rates to ship. This made it hard for other oil companies to keep up. This was called muckraking I understand the term it was to rack up the muck that big business create. This even happens today with the Leman Brothers and how they embezzled millions of dollars and crashed their company, when they did crash they took the jobs to thousands of employees. Then proceeded to borrow tax money from the government to pay debts that the company owes, then shortly after the CEO of the company revived millions of dollars in a “bonus” but no one can explain why. Soon the muckraking began by local journalist to seek the truth. Soon after the CEO was forced to step down and from there another took over. Much like the past and today journalism kept power to the people and also to keep other small business alive.  

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