Morgan,Rockefeller and Carnegie were robber barons They were considered cruel and ruthless. Carnegie made his employees work long hours and gave them little pay he even tried to stop unions in his company. Employees pointed out that Rockefeller could have paid his workers a fairer wage and settled for being a half billionaire. Morgan criticized for creating monopolies by making it difficult for any business to compete against his.…
Rockefeller was a Captain of Industry because of his methods of business. He used rebates to lower the price for his consumers. Lowering the price means the consumer won’t feel robbed. This shows Rockefeller to be a Captain of Industry. Rockefeller’s monopoly boomed when the automobile was created1. It’s natural for one company to be bettered by the creation of an object. Therefore, Rockefeller was a Captain of Industry through his legal methods of gaining wealth.…
By far the most profitable businessman during his age, Andrew Carnegie left his mark on industry, and profoundly impacted the expansion of business enterprise in America. Essentially, Carnegie rose from poverty to become one of the most influential, industrial tycoon’s in history by single-handedly building the American steel industry. During his time, Carnegie was known as being a prolific writer, but is most remembered for the entrepreneurial, and philanthropic career he created himself. By initiating numerous opportunities, consistently working hard, and being a fast learner, Carnegie was able to successfully build an empire of wealth not only for himself, but to greatly benefit America’s leading business industry we recognize today.…
The 1800's was the beginning of something new for America, It was the rise of American industry. Cornelius Vanderbilt had a huge role in American industry. Vanderbilt was responsible for developing much of the the transportation system in the middle and later part of the 19th century in the North East part of the United States. He was responsible for both boats and trains. I think Cornelius Vanderbilt has made a huge impact on the American Industry because of what he has accomplished in his life like taking over the train industry. Even though he was a very ruthless and determined man he was also a very hardworking and succesful man, I believe Vanderbilts life shows the true story of rags to riches.…
In a sense, Vanderbilt and Rockefeller are captains of the industry but only by using a capitalist approach with intensive labor. Using false hopes for the immigrants that wanted a better life. Feeding them lies and poor wages which explains their robber baron intent. These men upon lucky made their wealth. The fact is that these millionaires trapped people into the notion that American dream to work hard and you too can obtain wealth. Understanding that social Darwinism implements the survival of the fittest in social and political stance is basically a one-way streak. People who have the right upbringings and domination over the lower class. Economic divisions are mostly important to wealth and inherited wealth they don’t want to be in the…
The industrialists were captains of industry because they Put in time and effort into making the economy stronger and bigger. Captains of industry are considered people who are very high on the social chain. Carnegie & Rockefeller were both considered captains of industry rather than robber barons because they did more good rather than bad. These people benefited society and helped created better or stronger ideas that helped businesses or helped save lives. These industrialists weren’t considered robber barons because they weren’t harming the environment, society and they weren’t robbing people of their innocence and freedom, they were helping people live better lives.…
According to some business historians, "business leaders were not predatory money seekers. Indeed, in many cases they were talented individuals whose creative contributions to the economy - and to American society as a whole - were very great." Allan Nelvins said that "it was true that Rockefeller used methods that were of dubious moral character. On the other hand the kind of monopoly control attained by Standard Oil was a natural response to the anarchical cutthroat competition of the period and reflected the trend in all industrial nations toward consolidation. To Nelvins Rockefeller was not a robber baron; he was a great innovator who imposed upon American industry 'a more rational and efficient pattern.' Rockefeller's objective was not merely the accumulation of wealth; he and others like him were motivated by 'competitive achievement, self-expression, and the imposition of their wills on a given environment'" (The American Businessman: Industrial Innovator or Robber Baron, pg. 34). These men came into a disorganized economy and created organizations that played a vital role in making American the greatest industrial power in the world. If it were not for the advancements in steel, oil, textiles, chemicals, electricity, and automotive vehicles, our nation would not be where it stands…
of the time were John D. Rockefeller, Andrew Carnegie, and J.P. Morgan. The definition of a…
A “robber baron” was someone who employed any means necessary to enrich themselves at the expense of their competitors. Two big Businessman/ industrialists during the 1800’s-1900’s were John D. Rockefeller and Andrew Carnegie. Each businessman contributed something during their lifetime that made people question whether or not they were Robber Barron’s or a hero of Industry. Did each of these businessmen fall into that category or was he one of the “captains of industry”, whose shrewd and innovative leadership brought order out of industrial chaos and generated great fortunes that enriched the public welfare through the workings of various philanthropic agencies that these leaders established or were they really “Robber Barron’s?”…
However, many believe he was a captain of industry because he treated his workers well. While this is the case, he did not treat them well out of the goodness of his heart. He simply didn’t want his workers to become unhappy and the news get involved. If the news were to get involved, then there is a great likelihood that they would go deeper into the Standard Oil Practice. He could damage the business’s reputation. He treated the workers fair to fully protect himself.…
In the 1880’s, American industry grew due to many factors including “the emergence of a talented and often ruthless group of entrepreneurs” (Brinkley 396). According to those in favor of these entrepreneurs, these men worked hard, innovated technology and strategized competitively to transform the American economy; these “Captains of Industry,” such as Andrew Carnegie, Cornelius Vanderbilt, J Pierpoint Morgan and John D. Rockefeller, used their wealth to help their communities and should be honored for their philanthropy. An advocate for these entrepreneurs is John S. Gordon. As a specialist of business and financial history, Gordon claims…
This quote shows the author’s point that Andrew Carnegie was a wise man used his experiences to better benefit his companies.…
These 3 men are robber barons because they all treated their men with disrespect. They made them work in harsh conditions, with low pay, and super long hours. They also discouraged unions between the workers and even tried to stop them.This is showing disrespect by them not letting the workers have a break and time to themselves.What they don't realize is no matter how much they get nagged they aren't going to work to their greatest potential because their worn out.Another thing that's cruel is giving them low pay after working all these hours,they may be doing it to save their own money but out of the millions they have they should be giving them a decent amount of money.With them working their workers so hard, it will make them quit then…
Andrew Carnegie’s views on wealth compared to the view of an average coal miner differ. Carnegie is the ultimate “rags to riches” story. As a young boy, Carnegie worked with Thomas A. Scott, his mentor, and through hard work, he became one of the richest men in history. However, money wasn’t everything to him. On the other hand, the average coal miners were in constant danger. They worked with the constant fear that they can be killed by “burning gas” or “crushed by cars.” However, the average coal miner’s pay varied from “$1.25 to $1.25.”…
In the late 1800s and early 1900s, during the climax of the American Industrial Revolution, there was a small group of men who owned the major businesses and were leaders of their industries. They owned factories, railroads, banks, and even created company towns for the sole purpose of housing their workers. Due to the efforts of these few men, the U.S. economy became the envy of the world, and America became a leading world power. They provided the public with products that were in high demand for reasonable prices, and opened their markets to countries overseas. Although many people believe the early industrialists were Robber Barons who exploited the poor, these great men were truly Captains of Industry who created new ways of doing business, and provided products and services to the public; moreover, they were generous philanthropists who contributed much to society.…