incredible few‚ who some call “robber barons” and other call “captains of industry”. However‚ neither polarity is completely accurate. The wealthiest Americans during the Gilded Age had both positive and negative effects on American society. While a large group of individuals amassed incredible wealth during the Gilded Age‚ there existed an even more elite group consisting of individuals that rank among the richest men in history. It included John D. Rockefeller‚ Andrew Carnegie‚ Jay Gould‚ James Fisk
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opened their markets to countries overseas. Although many people believe the early industrialists were Robber Barons who exploited the poor‚ these great men were truly Captains of Industry who created new ways of doing business‚ and provided products and services to the public; moreover‚ they were generous philanthropists who contributed much to society. Many people believe that these "Robber Barons" were evil‚ heartless men that took advantage of the poor and the downtrodden. They feel that the workforce
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The Gilded Age‚ the period from 1870 to around 1900‚ got its name from Mark Twain‚ who thought the era was glittering on the surface but corrupt underneath (Mintz‚ McNeil). When most people picture the Gilded Age‚ they refer to Mark Twain’s view of an imbalanced‚ corrupt society. Many think that the Gilded Age was mainly an era full of social inequality‚ greed‚ careless captains of industry‚ unhealthy and immoral lifestyles of the lower class‚ business scandals‚ and devious political tactics. Many
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Chapter 11 ("Robber Barons and Rebels") summary Chapter 11‚ “Robber Barons and Rebels” details events occurring in 1877 and beyond. During this time‚ labor was rewarded depending on race‚ sex‚ nationality‚ and social class. Steam and electricity replaced jobs and increased efficiency. New inventions‚ such as manufactured ice‚ the telephone‚ and the adding machine‚ allowed the meat industry and other companies to become feasible. The railroads became a big industry of the time‚ and bribed many
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source and speed and the size of the cargo were limited by the fastest animal. With railroads‚ the price of shipping fell considerably because large amounts of goods could be shipped cheaply‚ and this provided big industrial leaders such as Carnegie and Rockefeller with more capital to build factories.
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unregulated pace. With recent advancements in technology to spur industrial growth‚ the government had no rulings on how far in big business is too far. The four main business leaders of the time: Cornelius Vanderbilt‚ John D. Rockefeller‚ J. P. Morgan‚ and Andrew Carnegie. These men were at the forefront of the Industrial Revolution in America and the ways that they reached their levels of wealth were sometimes questionable and other times outright unethical. In the early days of business in America
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Dream. They can be a person that has nothing at one point in their life to become a person that is super rich. Get money‚ get paid. Example would be Carnegie being inexperienced and then owning Carnegie hall and like everything. Captains of Industry: During the days of the American Industrial evolution‚ names such as Carnegie‚ Morgan and Rockefeller regularly appeared in leading newspapers around the country. These were family dynasties that literally cornered the market on essential industries
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Stark 1 Jeremy Stark Mr. Mangan AP US History 8 December 2014 The Role of Capitalists More often than not‚ America’ s antebellum capitalists were accused of being the “ robber barons ” of industrial America. The common conception is that these men took advantage of a naïve and growing economy to reap its benefits without giving anything in return. While it was true that the majority of America was poor in comparison to the few elites‚ the philanthropists efforts and contributions to our country
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Brandon Czubak 2/1/14 History 106 Assignment question 2 Question 2: By examining Robber Barons such as Vanderbilt‚ Rockefeller and Carnegie‚ how could you argue for Laissez Faire Economics and against Laissez Faire Economics? Laissez-Faire is a type of leadership style in which leaders are hands-off and allow group members to make the decisions. This results in pros and cons of Laissez-Faire leadership. It is effective where group members are highly skilled and motivated
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The more common name for these opportunistic Americans were industrialists. These people came on the rise as Robber Barons. What would become household names were simply paving their ways towards success in these days. This brand of people became a part of American culture‚ forever changing it and embellishing their names within it‚ such as Rockefeller‚ Standford‚ Gould‚ Morgan‚ and Carnegie. These people carved out industrialization in the name of America through their immense fortunes in banking
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