either a robber baron (Jay Gould) or a Captain of Industry (Henry Ford). Depending on how someone contributed to the growth of businesses‚ labeled them as one or the other. Some of the contributing factors that played an effect on identifying an industrialist as a robber baron or industry captain are how they came to power of the business industry‚ how they used their power‚ and how they gave back to society. These industrial tycoons were some of the wealthiest men in the US. The term Robber Baron
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quite harmful. While the Industrialists of the late 19th Century were indeed Captains of Industry‚ they were only able to reach that level by using the power they obtained. More often than not‚ America’s capitalists are accused of being the “robber barons” of industrial America. The myth is that these men took advantage of a naïve and growing economy and collected its benefits without giving anything in return. True‚ the majority of America was poor in relation to the few high-class people‚ but
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Chapter 11 ROBBER BARONS AND REBELS 1 Explain what Zinn means by a “skillful terracing to stabilize the pyramid of wealth.” What Zinn meant by a “skillfull terracing to stabilize the pyramid of wealth” is‚ they believed the economic growth would be much better with the aid of blacks‚ whites‚ Chinese‚ and European immigrants. They had to do it together in a way to stabilize the economic wealth. 2 Explain what Zinn means by saying that the Interstate Commerce Act of 1887 “gives away the secret
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“Robber Barons and Rebels” Zinn Chapter 11 Guiding Questions 1. What was the technology that transformed the work-place from 1865-1900? What economic and social effects did the new technology have on American society? 2.Why did it “take money to make money” during the period of rapid economic expansion after the Civil War? What are the implications of this for the potential for social mobility? 3.How did J.P. Morgan justify his methods of doing business? 4. What role
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Vincent Fernandez Captains of Industry or Robber Barons? 4/11/13 U.S. History Per. 7 The industrialists of the late nineteenth century and early twentieth centuries are best characterized as Robber Barons. I believe the majority of industrialists of this time period are Robber Barons because out of all the industrialists I’ve researched very few were Captains of Industry. For example some industrialists of this time that I researched were Andrew Carnegie‚ Jay Gould‚ Cornelius Vanderbilt‚ and
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enormous success was the effect of enormous businesses perhaps one of the most famous stories of rags to riches. From shipping to railroading‚ this millionaire strived in the economy. But‚ what kind of millionaire was he? A Captain of industry? or A Robber Baron? Cornelius’s great fortune arose in when he went into the railroading business. Because of the government’s great interest in expanding to the west‚ big businesses and companies were attracted to the money they offered. After the entire project
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he soon returned to the United States to create a million dollar steel plant. by 1800 Carnegie started to produce 10‚000 tons of steel a month. He accumulated $1 1/2 million a year in profit. By the 1900 he was making $40 million a year (Robber Barons and Rebels.) Carnegie was also known by being the author of “The Gospel of Wealth.” J. Pierpont Morgan was born on April 17‚ 1837. He is known for being a philanthropist and art collector(JP Morgan and Carnegie Corporation website.) Morgan is
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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
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FINANCE: Research Paper “The people behind the American Industrial Revolution” May 1st‚ 2012 Table of Contents Introduction Page 3 The People behind the American Industrial Revolution * US Government Page 4 * Robber Barons Page 5 * The “masses” Page 7 Conclusion Page 7 Sources Page 8 “For the first time in history‚ the living standards of the masses of ordinary people have begun to undergo sustained growth … nothing remotely
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What do you think was the single most important invention of the Industrial Revolution?Why and what impact did it have? Be specific. I strongly believe that the single most important invention of the Industrial Revolution was alternating electric current (AC current) . AC current‚ invented by Nikola Tesla‚ is involved in everything around us today. From outlets and electric heat to a majority of common household appliances‚ AC current is seen in a large portion of what we today consider as “everyday
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