DBQ The period of the late 1800s and early 1900s was a period during one of the biggest leaps in the industrial movement of America. The industrial revolution’s leaders‚ including Andrew Carnegie‚ John D. Rockefeller‚ and more‚ provided the nation with much needed inventions and transportation‚ thousands of job opportunities‚ and one of the biggest waves of philanthropy the nation has ever seen. The industrial revolution was definitely a period dominated by ’captains of industry.’ ’New and
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the guys like Andrew Carnegie‚ Cornelius Vanderbilt‚ Gustavus Swift‚ Philip Armour‚ John D. Rockefeller and others who rose to the top and ran monopolies or near-monopolies in the Gilded Age (1870s-1900ish). They were seen as bad because they employed ruthless methods to run competion out of the market‚ but on the other hand‚ weren’t breaking any laws or rules in this laissez faire timeperiod. These guys also gave a lot of money away: Carnegie built tons of libraries‚ and Carnegie Mellon University
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"No person will make a great business who wants to do it all himself or get all the credit." (Carnegie) One of the major characteristics that define the success of this Golden age was that of the onset of the multitude of inventions that played a major role in the reformation of agriculture and lifestyle.The transformation of the United States into an industrial nation took place largely after the Civil War and on the Britsih model. Although the Industrial Revolution brought many positive inventions
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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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new invention and led to quick and efficient manufacturing of goods. The rise of electrical industries due to Thomas Edison also aided the industrial era. The Captains of Industry played a monumental role after the Civil War. Amongst these are Rockefeller‚
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Captains of Industry Since the time of its birth‚ the United States has been a democracy that was pieced together by the beliefs and ideas of different people. This has resulted in a system in which nothing can be classified as “black or white” and there are many areas of gray. Therefore‚ it is difficult to label anything as a singular extreme. This is the case for the leaders of the industrial period. While they made unusual advancements that greatly helped the public‚ they also caused many problems
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Robber Barons The robber barons of the early industrial age‚ and one modern day baron have been accused of creating monopolies over several different areas. The four barons focused upon are Cornelius Vanderbilt‚ Andrew Carnegie‚ Rockefeller‚ and Bill Gates. They have all created monopolies over their respected industry. These monopolies eliminated all opposition and left consumers with only one choice. First off is Cornelius Vanderbilt‚ he built his business with the New York railways. He
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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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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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government. For example‚ because they dominated the economy with their money‚ powerful men such as J.P. Morgan‚ Andrew Carnegie‚ and John D. Rockefeller began to influence politics- putting their money in the hands of those that they wanted in power. When William Jennings Bryan decided to run as the Democratic candidate for the President of the United States‚ Morgan‚ Rockefeller‚ and Carnegie grew increasingly concerned that the policies that Bryan would implement would cost them money. Bryan spoke out
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