Preview

Robber Barons

Satisfactory Essays
Open Document
Open Document
576 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Robber Barons
The Robber Barons, as they were called, were the kings of American Industry and American Society during the late 1800's and early 1900's. Rich beyond the average man's wildest dreams, these industrialists were often criticized for their philosophies and their ways of making money. Robber Barons can also be viewed as immoral, greedy, and corrupt, and the evidence to support such a view is not difficult to find. Bribery, illegal business practices, and cruelty to workers were not uncommon in this period, and many of the most respected industrialists were also the most feared and hated.
Many people consider Rockefeller a robber of industry because of his forcible ways of gaining his monopolies. Rockefeller was fond of buying out small and large competitors. If the competitors refused to sell they often found Rockefeller cutting the prices of his Standard Oil or in the worst cases, their factories mysteriously blowing up. Rockefeller was obsessed with controlling the oil market and used many of undesirable tactics to flush his competitors out of the market. Rockefeller was also a master of the rebate game. He was one of the most dominant controllers of the railroads. He was so good at the rebate that at some times he skillfully commanded the rail road to pay rebates to his standard oil company on the traffic of other competitors. He was able to do this because his oil traffic was so high that he could make or break a section of a railroad a railroad company by simply not running his oil on their lines. Another one of Rockefellers earlier mentioned but not explained tactics was his horizontally integrated monopoly. Rockefeller used this horizontal monopoly to set prices and force his competitors to merge with him. He was one of the many millionaires of his time that used bribery and like to aid his quest for wealth. He was also know for exploiting his workers and for over charging customers in his early steam boat days. Hill's worst two offenses were

You May Also Find These Documents Helpful

  • Good Essays

    In the nineteenth century, there were two industrialists and one of them was the Captain of Industry. But, we’re going to focus on the Robber Baron, they’re known more for their dirty work. Some examples are bad political practices, business reforms, and treated their workers poorly in terms of labor. Many people don’t know what these industrialist did to the public to gain their wealth, but now you’ll know the bitter truth.…

    • 412 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    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.…

    • 379 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The industrial capitalists of the late 19th century should be regarded “Robber Barons” for many reasons. One example was with religious places. Money corrupts anyone. Many people think that if they had that much power or money, then they’d only do good with it, and help everyone, but in the end, it corrupts them all. It’s human nature to want power and money and humans do what it takes to do so.…

    • 483 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    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,…

    • 273 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    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.…

    • 75 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    John D. Rockefeller was not a Robber Baron because he did nothing wrong, he was a product of the Industrial era, and played by its rules to attain the greatest victory, absolute economic success…

    • 683 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    JD ROCKAFELLER

    • 1722 Words
    • 7 Pages

    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.…

    • 1722 Words
    • 7 Pages
    Good Essays
  • Satisfactory Essays

    During this “Gilded Age” business men have been creating large business organizations known as trusts, this ingenuity of these entrepreneurs has been earning them the title “Captains of Industry” yet their ruthlessness in the building of their industries and wealth at the expense of their competitors has been earning some of these men the title of “Robber Barons”. I personally believe that these business men have negatively affected the people around them, making them titled as “Robber Barons”. I chose to talk about documents A, D, & E because they show /describe the “Robber Barons” the best.…

    • 411 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Josephson, Matthew. The Robber Barons the Great American Capitalists, 1861-1901,. New York: Harcourt, Brace and, 1934. Print.…

    • 2538 Words
    • 73 Pages
    Powerful Essays
  • Satisfactory Essays

    I believe that John D. Rockefeller should be viewed as a Robber Baron because he used illegal tactics to gain his wealth and he destroyed any competition he had. Therefore, that makes him a robber baron.…

    • 256 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    With this borrowed money and the money he had made with his other business, he bought the largest oil refinery in Cleveland, Ohio and started Standard Oil. Rockefeller formed Standard Oil with his younger brother William Rockefeller, Henry Flagler, and a group of other men. John was the company’s president and the largest shareholder. Over the next few years, Rockefeller made new partners and grew his business interest in the growing oil industry. In 1882 these companies combined to form the Standard Oil Trust. This trust would soon control about 90% of the nation’s refineries and pipelines in America. One of the reasons Standard Oil was so successful was that they bought rival companies and started companies for distributing and marketing their products. “In order to exploit economies of scale, Standard Oil did everything from building it’s own barrels to employing scientists to figure out a use for petroleum by products.” Because of Rockefeller’s enormous wealth and fame, he was often the target of people spreading rumours about how he ran his business and how he became successful. As the New York Times reported in 1937: “ He was accused of crushing out competition, getting rich on rebates from railroads, bribing men to spy on competing companies, making secret agreements, coercing rivals to join the Standard Oil Trust under threat of being forced out of business, building up enormous fortunes on the ruins of other men, and so…

    • 607 Words
    • 3 Pages
    Good Essays
  • Good Essays

    advantage of a naïve and growing economy to reap its benefits without giving anything in…

    • 822 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    for the workers to be alert and ready with only a couple hours of sleep and a work shift…

    • 505 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    History Notes

    • 1709 Words
    • 7 Pages

    Robber Barons - an unscrupulous plutocrat, esp. an American capitalist who acquired a fortune in the late nineteenth century by ruthless means.…

    • 1709 Words
    • 7 Pages
    Good Essays
  • Good Essays

    3. As a reporter covering the strike at the Homestead Mill, I would say that Frick and Carnegie are Robber Barons. Although they claim to be Captains of Industry, creating jobs and invigorating the economy, they take and take and take. Carnegie and Frick eliminate all…

    • 646 Words
    • 3 Pages
    Good Essays