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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have been insane on the subject of moneymaking all my life." “I don’t care half so much about making money as I do about making my point‚ and coming out ahead” What do I care about law? Ain’t I got the power? Hi‚ I’m Commodore Cornelius Vanderbilt‚ and I was a self-made entrepreneur‚ ‚ a great railroad baron‚ and the wealthiest man in the United States throughout the 19th century. Earlier in my business career‚ I was probably the greatest shipping tycoon in the United States. My estate is
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enabled men to access wealth. Andrew Carnegie is the perfect example of an entrepreneur and man who built the roots of American infrastructure. He can also lived the ‘perfect’ American dream. He has a typical ‘rags to riches’ story‚ which makes him a historical icon and an admirable man. Carnegie is known to have built a fortune on steel. However‚ the ways in which he made money could be considered an abuse to ethics and moral rights. Toward the end of his life‚ Carnegie decided to use his wealth for the
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What are robber barons? what did robber barons do during the railroad era? Robber Barons was the negative term for the titans of industry or‚ as Professor Donald Miller calls them‚ the capitalist conquistadors. These were 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
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Andrew Carnegie: An American Captain of Industry By far the most profitable businessman during his age‚ Andrew Carnegie left his mark on industry‚ and profoundly impacted the expansion of business enterprise in America. Essentially‚ Carnegie rose from poverty to become one of the most influential‚ industrial tycoon’s in history by single-handedly building the American steel industry. During his time‚ Carnegie was known as being a prolific writer‚ but is most remembered for the entrepreneurial‚
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industrial and economic development between 1875 and 1900‚ the intention with which they did so has been a topic of dispute. While some historians described these capitalists as “captains of industry” others believed they were better described as “robber barons”. Of these two characterizations‚ the title of “robber barons” was more appropriate as most of them gained their wealth and power by fraudulent means — defying government regulation‚ using ruthless business schemes
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Chris Schiller Mr. Fisher History 7-2 April 3‚ 2013 Carnegie and Frick Essay During America’s Gilded Age‚ several industrial giants influenced the economic and political destiny of America with their wealth and power. Among these were Andrew Carnegie‚ immigrant steel tycoon of Pittsburgh and one of the richest Americans ever‚ and Henry Clay Frick‚ who built Pittsburgh’s coke industry and created one of the grandest private art collections ever in his New York mansion. These two men had tremendous
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Father of Industry and True Follower of Kindness There was a simple man from Scottish origin. A man who was a business owner. An employer; an industrialist; a philanthropist. A man as wealthy as royalty. A “captain of industry;” a “Mr. Scott’s Andy.” A man who gave his wealth away for the common good. This man was known as Andrew Carnegie. He aspired to greatness all his life‚ first as a young boy‚ then through his early careers‚ and finally at his prime of being a philanthropist. Andrew Carnegie started
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John D. Rockefeller Senior is one of the most famous industrialists to date. His fame is well deserved‚ through decades of hard work that brought prosperity to the American petroleum industry. Rockefeller has been called philanthropist‚ "great man" 1 "industrial statesman ‚ robber baron" ‚ thief and other titles of both pleasant and unpleasant nature. His ways of conducting business brought him fame‚ fortune‚ and a lawsuit that broke up the Standard Oil Company. Despite these questionable business
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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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