cut and labor unions demanded wage and job protection. There was a huge gap between the rich and poor and the only voice workers had was through the union (Homestead Strike Documentary). Unfortunately‚ Andrew Carnegie’s Homestead Steel Mill suffered because of the lack of railroad business. Carnegie went from having pennies to being one of the richest people because of the steel industry. Homestead had terrible working conditions: no indoor plumbing and
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only boosted the economy and increased work force‚ but increased the city’s population tenfold within a decade. Also one of the most important drivers of American economic expansion was the dominating presence of Robber barons. Such men as Andrew Carnegie‚ John D. Rockefeller and J. P. Morgan were able to monopolize large industries which consisted of a relatively small amount of members‚ which resulted in the unequal distribution of wealth between those of lower and higher economic classes. Americans
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Andrew Carnegie indicated‚ “In bestowing charity‚ the main consideration should be to help those who will help themselves; to provide part of the means by which those who desire to improve may do so; to give those who desire to use the aids by which they may rise; to assist‚ but rarely or never to do all” (Carnegie). He did not believe that alms giving provided value. While I understand the intent that Carnegie had‚ I do not believe it fits every situation. Alms are “money‚ clothes‚ food‚ and other
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own companies. Two of the most famous entrepreneurs‚ Andrew Carnegie and John D. Rockefeller‚ were the most renown of these people. Their success is seen through all the things that are named after them - the Carnegie Library‚ Carnegie Hall‚ Carnegie Mellon University‚ Rockefeller Foundation‚ Rockefeller Center‚ and many more. Though they may seem very much alike‚ these two businessmen share differences as well. Despite the fact that Andrew Carnegie and John D. Rockefeller gained their position in two
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legislators‚ or other unethical means." In other words‚ a real life depiction of "Mr. Pennybags" from the popular Monopoly game. Robber barons were not only ruthless industrialists‚ but were also iconic to the time and very popular. Rockefeller Square‚ Carnegie Hall‚ and J.P. Morgan bank are just a few of the marks left on society today by these capitalist titans. Just one question remains: Who were the robber barons?John Davison Rockefeller was the greatest known‚ and richest robber baron of all time‚
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assisted the American growth positively whether it was through the economy or acts of philanthropy which helped to equalize the gap between the rich and poor. Some of the famous capitalists at this time were Andrew Carnegie and John D. Rockefeller. These two well-known capitalists‚ Carnegie and Rockefeller‚ were certainly captains of industry. As captains of industry‚ they believed in stopping the progression of the wealthy class becoming wealthier and the poor classes becoming poorer. This was
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The Gilded Age was known as America’s golden age‚ where manufacturing‚ industry and urbanization were at it’s prime‚ where Business Tycoons held the market in their hands with large monopolies. There is much debate over whether or not these industrial leaders are Robert Barons‚ as in they used people for their own gain‚ or Philanthropists‚ as they helped others and the greater good. Some might argue that these people cheated their way to the top to amass great wealth‚ with no regard to the people
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The three men‚ John D. Rockefeller‚ Andrew Carnegie‚ and J.P. Morgan‚ were seen as robber barons BUT they were also seen as industrial statesmen. Robber baron was a term given to the rich who would pretty much do anything for money whether that meant the jeopardy of workers’ lives and crooked business practices. John D. Rockefeller started a standard oil company and was the first American billionaire. John R. was considered a robber baron mainly because he used his insight of business to ruthlessly
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dominated the economy and may be referred to as "Robber Barons."� These corrupt businessmen did not care about their consumers or employees. The "Robber Barons"� only cared about how to gain more profit for their corporation. John D. Rockefeller and Andrew Carnegie‚ dominant businessman of the late nineteenth century‚ monopolized the oil and steel industries. These shrewd businessmen known a "Robber Barons"� made billions of dollars and controlled their industry. Small businesses could not match the low
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Andrew Carnegie and John D. Rockefeller were captains of industries. They helped America become what it is today. They developed company’s and industries that impacted the 20th and the 21st Century in such a way that it changed our ideas of management and supply and demand. Though they may have paid their "help" low wages‚ at the time they thought that it was a fair amount. They provided an outlook of industries that were almost unheard of in that time. Though many might have seen Rockefeller
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