Many have debated that the industrial leaders following the 19th Century were "Robber Barron’s". However‚ in this very competitive time period‚ many new businesses were being formed. It took talented businessmen such as Vanderbilt‚ Carnegie‚ and Rockefeller to get ahead and keep the companies running‚ building America into what it is today‚ the most powerful nation in the world. Cornelius Vanderbilt (1794-1877) was a classic Market Entrepreneur‚ succeeding by creating and marketing a superior product
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Mosqueda Mr. Webb US History 16 September 2013 Andrew Carnegie: Robber Baron or Captain of industry? Andrew Carnegie was both a Robber Baron and a Captain of Industry. Growing up as an immigrant‚ who started with nothing at all‚ he became greedy with his money. He was a big business leader who builds up the community but treated his workers poorly. Carnegie created thousands of jobs for people but did not provide his workers with safety equipment and had
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My Ma English 1A Prof. James Click 2-19-2014 The Problem of Rich and Poor For centuries‚ many philosophers have discussed the issue of class struggle. Karl Marx and Andrew Carnegie both developed theories of the unequal distribution of wealth a long time ago; however the only Carnegie’s ideology could apply to American society today. In “The Communist Manifesto”‚ Marx first introduces the two main social classes: bourgeois (the upper class) and proletarians (the lower class or working
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John Kenneth Galbraith was influenced by Keynes‚ Marx‚ and Veblen. He had a very different outside view compared to our mainstream economists. Through his works he describes many important theories that are still relevant today‚ for instance‚ the dependence effect‚ and the social balance theory that speaks of public as well as private goods. The dependence effect is commenced with companies using marketing and advertisements as a way of tricking people into thinking that they need something that
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or dying for his country? Andrew Carnegie was no Ulysses Grant but he was also not Vanderbilt‚ Carnegie gave back to his country with the riches he earned. We cannot look upon Carnegie as being the child with the silver spoon in his mouth growing up. He was poor growing up and was business savvy which is how he became rich. We should not punish him for using his knowledge to become successful but we should look at what he did with the money. Andrew Carnegie was a hero‚ he not only brought the
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Lindblom and Galbraith Galbraith and Lindblom were alive during the same time and they both shared something in common– an analysis on the market. The market‚ for Galbraith and Lindblom‚ is seen as being steered by powerful monopolies rendering it inefficient and problematic especially for people in society. Both Galbraith and Lindblom share similarities in that the market had/has two separate spheres. For Lindblom‚ the market is an ideal free system of exchange that we no longer live in where
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Few subjects expose the gulf between economists and many ordinary people better than immigration. Writing in 1979‚ JK Galbraith summed up the view of many economists on the subject of the movement of peoples across national borders: “Migration is the oldest action against poverty. It selects those who most want help. It is good for the country to which they go. It helps break the equilibrium of poverty in the country from which they come.” Net migration (immigration minus emigration) to the UK hit
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“minimum necessary for decency” (Galbraith‚ 2013). According to John Kenneth Galbraith’s essay‚ "The Position of Poverty"‚ there are two types of poverty‚ case poverty‚ and insular poverty. Case poverty illustrates cases where an individual or family is poor due to aspects related to him/her circumstances such as “mental deficiency‚ bad health‚ inability to the discipline of industrial life‚ uncontrollable procreation‚ alcohol‚ and some educational barriers” (Galbraith‚2013). On the contrary‚ insular
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has been growing‚ between the rich and the poor. There are many reasons why this is happening. Andrew Carnegie‚ John Kenneth Galbraith and Joseph Stiglitz may agree with me‚ but believe there are different reasons why and how it should be dealt with. I would have to say that I agree that Galbraith’s idea is what is better for America now. In the essay “The Gospel of Wealth” Andrew Carnegie says that the rich should invest their money to do good for the public (396). He argues that the rich should
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Pastor Dave Galbraith talked with a loud volume with his booming voice‚ which could easily be heard by all members of the audience‚ especially with the use of a microphone. To show excitement‚ promote emphasis‚ and keep interest‚ his volume modulated at important points. His voice was clear and easy to understand‚ and used proper articulation or enunciation. I did not notice many‚ if any‚ mispronounced words. A couple of times‚ he did say‚ “uh” and “um” when he spoke‚ but they were very infrequent
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