I've never viewed either of these men as bad men or as robber baron, i've always admires the men of the 19th and 20th century who saw these new industries developing and adapted to make a mostly honest profit. These men were friends of consumers because the put pressure on their competitors to provide better goods and services and reasonable prices. They embraces competition, made good products and sold them for low prices. When companies compete the consumer usually…
John D. Rockefeller has earned a spot in the hall of shame. He became wealthy because of ruthless and dishonorable business tactics which then hurt the nation. Rockefeller became wealthy because, he lowered his prices way down and forced the Pennsylvania Railroad to lower their prices, and he also ran smaller companies out of business and then took them over for his own. After he took over most of the smaller businesses, he raised his own prices back up in order to bring in a bigger profit. Rockefeller’s robber baron side was reflected by this action because, he went behind people’s backs and turned the other way when it came to business partners.…
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.…
Robber Barons was the negative term for the titans of industry or, as Professor Donald Miller calls them, the capitalist conquistadors. These were the guys like Andrew Carnegie, Cornelius Vanderbilt, Gustavus Swift, Philip Armour, John D. Rockefeller and others who rose to the top and ran monopolies or near-monopolies in the Gilded Age (1870s-1900ish). They were seen as bad because they employed ruthless methods to run competion out of the market, but on the other hand, weren't breaking any laws or rules in this laissez faire timeperiod. These guys also gave a lot of money away: Carnegie built tons of libraries, and Carnegie Mellon University got a lot from him,…
These men were robber barons. They treated their workers very poorly. Rockefeller would make his workers work long desilet hours for very little pay. Carnage made his employees work long hours and little pay. He even tried to stop unios in his company. Carnegie competed fiercely in business and tried to squash organized labor. Rockefeller, and Carnegie were robber barons. It explains how they treated their workers very badly and how little they paid them.…
For an example “He made them ‘sweat’ and ‘feel sick’ until they sold.” This statement has clearly shows how in respect Rockefeller used aggressive ways to fight with the competitor for his own interest. JD I feel enacted these actions to keep on the upward slope in remaining above his competition in secretive ways without them knowing. This was a smart business decision to keep concealed all his assets so as the competition would not know what he was fully capable of in maintaining his stance in the monopoly business while at the same time changing the way society was changed due to the presence of Standard Oil.…
The late 19th century industrial leaders have often been called "industrial statesmen" for the great economic power they brought to America. However, they have also been called "robber barons” since they built this great wealth by abusing the system, their employees, and destroying their competitors. These kings of industry displayed characteristics of both industrial statesmen and robber barons. But which would better describe them? They had their faults, but overall these leaders should be respected for all they have done.…
Today, we know that John D Rockefeller the founder of Standard Oil company used his power to eliminate his competitors and tried to create a monopoly in oil industry. He made secret rebates with railroad companies, so railroads gave his company a lower rate than his competitors. As a result, he could drive out them from the market. In order to destroy the competitors, he raised prices in the areas with no competition, and lower prices in the areas with competition. His strategies ruined competitors, and made them to sell out or go bankrupt. He was considered a ruthless or tyrant who had a lot of enemies, but it was not considered illegal or unethical to monopolize an industry. I think after his first priority which was making money, he was…
John D. Rockefeller was the owner of Standard Oil Company. John was born into a very poor family and had to work very hard to start Standard Oil. He also had many problems later in his career. One of the problems he had during his career was the antitrust laws which made him disband his trust into many of the different companies that made up the trust. After Rockefeller stopped working at Standard Oil day to day he became a philanthropist and donated a lot of his money to help different causes.…
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…
I thought that people like Andrew Carnegie, John D. Rockefeller, and J.p Morgan were all robber barons. Because they would employ people and put them in these unsafe, and unsanitary conditions. Also they made education for immigrants coming in difficult because even though they built libraries and hospitals would the immigrants would be illiterate and not be able to pay for hospital bills. Lastly theses men were robber barons because they were using vertical integration and horizontal integration to take over small businesses and to raise prices on railroads.…
Business is a fascinating topic to research and no one is more fascinating that John D. Rockefeller. This paper answers the age old question of any successful businessman: where did he get his start? I will answer that question with a paper about John D. Rockefeller’s early life. It will also explain how he became one of the first great business leaders for America and some of the major influences in his life and what he did after he retired. .…
Robber Barons generated power and wealth during the industrial and economic progress followed by the American Civil…
Rockefeller was a captain of industry who helped to make America strong. Although, he did spy on other companies to better his own business, that didn’t stop him from being a generous and caring man. Rockefeller had a positive effect on America because he gave away money to charities, built great industries and donated lots of money to churches and schools. John d. Rockefeller was the founder of the University of Chicago, (a university that opened in a church in 1892), and the Rockefeller University, (an institute of medical research in New York City), that was charted in 1901. He was also the founder of the General Education Board, (established in 1902), as well as the founder of the Rockefeller foundation, (charted in 1913 to promote peace throughout the world) (Unknown). He was a very rich person who funded many universities. He funded the establishment of Central Philippine University (where Philippines could study). John D. Rockefeller was a person who was well known for his philanthropic contributions and charitable contributions. According to the New York World, in 1880, the Standard Oil Company was “…the cruelest, impudent, pitiless, and grasping monopolies that ever happened in a country”. The text supports how Rockefeller used cruel, ruthless, business practices to not only enrich himself but others. Rockefeller and his associates owned a lot of different operations. Each one operated in just one state. In 1882, Rockefeller’s lawyers created a form of…
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…