To what extent was it justified to characterize the industrial leaders of the late 19th century as either “robber barons” or “captains of industry”? Document A Q: How is the freight and passenger pool working? W.V.: Very satisfactorily. I don’t like that expression “pool”‚ however‚ that’s a common construction applied by the people to a combination which the leading roads have entered into to keep rates at a point where they will pay dividends to the stockholders. The railroads are not run
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1892 By: Industrial Relations Homestead is located on the Monogahela River eight miles from Pittsburgh. In 1892 the town had a population of about 12‚000 people. In 1880 it had a population of about 600 people. The town evolved around the Carnegie mills. With out the steel mill the town would have little existence. The mill property covered 600 acres of the 600 acres 37 of that is covered with varies buildings. The mills facilities were lighted by electricity which allowed the mills to run
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ways of American business agreements. The Homestead Strike changed the traditional American business environment by creating new laws and the awareness of the need for peace in business world. The Carnegie Steel Company was a successful factory‚ which employed many hundred of workers. Andrew Carnegie‚ who was the owner of the company‚ wanted a large successful business‚ which he had achieved already‚ but he was always looking for ways to save and make more money. By 1892‚ unions had been formed
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Endowed market power‚ monopolies overcharged people for items without caring about the quality of the product. Companies‚ such as Rockefeller‚ used corruption and bribes to become the biggest and most powerful companies. Monopolies also limited the people’s choices in clothes and apparel. Due to all these problems‚ Congress decided to pass a law called The Sherman Antitrust Law that gives
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Andrew Carnegie is a perfect example of someone who worked for everything he had. He built his fame‚ fortune‚ and respectable reputation‚ from the ground up. He did so by his very successful steel business that literally blew other competitors out of the industry. However‚ many will argue that Carnegie was a “Robber Barron” because of his smart risky actions that include buying out everything that was needed for the industry which lead to a monopoly in the steel industry. Andrew Carnegie worked
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What makes John D. Rockefeller an effective leader? In his decades of business‚ one of the key characteristics that propelled Rockefeller to success was his strong leadership abilities. It wasn ’t his status‚ nor his age that made Rockefeller a great leader. Instead‚ it was his influence. People around him wanted to follow him; they were inspired by him to do more than they ever thought they were capable of. It was his ability to create a strong sense of teamwork and his own energy and passion
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oddities.” (B) Museums will not prosper or even function without a broad range of visitors to view the collections. On top of that‚ any current public intellectual trends or fads should be considered when determining new exhibits or galleries. David Rockefeller‚ son to the founders of the Museum of Modern Arts‚ warns against political and private interests in museum exhibitions. (Source A) “Strong advocates and financial bankers” ultimately had displays made specifically for their desires‚ which lead to
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Carnegie starts out his article stating‚ “The problem of our age is the proper administration of wealth‚ so that the ties of brotherhood may still bind together the rich and poor in harmonious relationship.” (Carnegie‚ 1) He begins by explaining how the people of our society enjoy wealth to a much greater level. He quotes‚ “What were the luxuries have become the necessaries of life.” (Carnegie‚ 2) He proves this by taking the laborer to the landlord
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John D. Rockefeller was the head of the Standard Oil Company and one of the world’s richest men. He used his fortune to make many generous causes. He was born in Richford‚ New York‚ on July 8‚ 1839. John Davison Rockefeller moved with his family to Cleveland‚ Ohio‚ at the age of 14. He feel fear of hard work‚ he manage on a number of small-business journey as a teenager‚ landing his first real office job at age 16‚ as an assistant bookkeeper with Hewitt & Tuttle‚ commission merchants and produce
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A Maturing Industrial Nation During the 19th century the United States faced its greatest economic revolution. Mainly‚ this industrial enhancement primarily a result of the completion of the transcontinental railroad‚ a transportation system that runs cross-country. Aside from impacting the economy‚ the railroad also affected the politics of the late 1800s and early 1900s. Since the political jobs were reserved for the upper class‚ investors in the railroad tended to have inflated bank accounts;
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