Industrial Leaders – Robber barons or Industrial Statesmen? The late 19th century industrial leaders have often been called "industrial statesmen" for the great economic power they brought to America. However‚ they have also been called "robber barons” since they built this great wealth by abusing the system‚ their employees‚ and destroying their competitors. These kings of industry displayed characteristics of both industrial statesmen and robber barons. But which would better describe
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Robber Baron: 1: an American capitalist of the latter part of the 19th century who became wealthy through exploitation (as of natural resources‚ governmental influence‚ or low wage scales) Jay‚ born Jayson Gould to John Burr and Mary Gould as a small‚ feeble baby‚ was the robber baron’s robber baron. He was the king manipulator of Wall Street. Although he was not the only snake on Wall Street‚ he was the most calculating‚ manipulative‚ and strategizing of them all. December 6‚ 1892‚ surrounded
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the US‚ but the whole world‚ as well. Unchecked power at the turn of the century had led to a corrupt capitalist system with huge industrial monarchs that left entire generations of immigrants broken and drained of individuality and spirit. Business leaders were very greedy and valued profit more than anything. Even safety wasn’t barely considered while the robber barons plotted ways to get rich and control the world. For example‚ the notorious Credit Mobilier construction company was hired by Congress
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industrialization in the U.S. 1850-1910. Where the early industrialist Captains of Industry or Robber Barons. -Robber Barron: Used to describe a businessman that used ruthless business tactics to amass a huge personal wealth. -Captain of Industry: Used to describe to describe a businessman whose means of amassing their fortune contributes positively to the country in some way. Industrial Captain vs. Robber Barron In the late 1800’s and into the early 1900’s the United States was changing immensely
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Businessman: Industrial Innovator or Robber Baron? During the latter part of the nineteenth century‚ industries began to bloom across the United States. Local businesses and merchants gave way to larger corporations and industries. The head of these industries‚ such as the names of Rockefeller‚ Carnegie‚ and J.P. Morgan‚ were looked upon as robber barons by some‚ industrial innovators by others. A baron is "one having great wealth‚ power‚ and influence in a specified sphere of activity: an oil baron." Therefore
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“Captain of Industry” or “Robber Barons”? American Industrial leaders of the late 19th and 20th centuries have earned the right to be called “Captains of Industry”‚ although along the way they may have acted as “Robber Barons.”It is a difficult to put any of these people into only one category‚ because without one there would not be the other. Acting as a “Robber Barron” was merely a stepping stone or a means of moving themselves in a leadership position in order to achieve their goal. These people
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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. One thing was that there was one church in pull man‚ and one-either of the population going to religious
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invention after the Civil War set the stage for immense industrial growth (Cayton 237). This period of time in the late 1800’s is known as the Industrial Revolution. Two prominent names in big business were John D. Rockefeller and Andrew Carnegie. There is no doubt that these people left their mark on business and on history. However‚ there is some dispute over how these individuals should be portrayed. Some people say that they were robber barons‚ while others insist that they were captains of industry
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Who Were The Robber Barons?"A friendship founded on business is better than a business founded on friendship." These words ring true in the ears of business owners and CEOs even today. Who was the man that spoke these words that still have thought and meaning today? Why‚ none other than John D. Rockefeller. Rockefeller was one of the many "robber barons" of the gilded age. In case you were wondering‚ a robber baron is a "ruthlessly powerful U.S. capitalist or industrialist of the late 19th century
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Ciarra McGee Professor Frawley U.S. History 1302 6 November 2013 Robber Baron or Captain of Industry In the 1880’s‚ American industry grew due to many factors including “the emergence of a talented and often ruthless group of entrepreneurs” (Brinkley 396). According to those in favor of these entrepreneurs‚ these men worked hard‚ innovated technology and strategized competitively to transform the American economy; these “Captains of Industry‚” such as Andrew Carnegie‚ Cornelius Vanderbilt‚ J
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