The nation’s citizens were successful with the development of businesses and other forms of profit and economy in the early stages of the United States of America. However, successful individuals like Andrew Carnegie, John D. Rockefeller, and J.P. Morgan became highly wealthy and dealt with their money in a variety of ways. Therefore, many affluent people had similar and differing attitudes towards their immense wealth during the late 19th century. The Gilded Age, a term created by American writer Mark Twain, was an era that lasted from 1870 to 1900 in the United States. The time was called such because of how the nation was “gilded,” or covered by the increase in money, but was full of concerning predicaments. During this time period, the …show more content…
The Scottish immigrant began his interest in the steel industry after the Civil War and opened the first American steel mill in 1873. After approximately twenty years, in 1892, Carnegie Steel, as the company was named, became one of the greatest producers of steel in the United States. It was used for most building of railroads and architecture of the newly-created skyscrapers in the fast-growing cities. Subsequent to gaining immense affluence, Andrew Carnegie retired and sold his company at the age of 66. He later dedicated the rest of his life to writing novels and becoming a philanthropist. In his book, The Gospel of Wealth, which was published in 1901, Carnegie expresses the thought that “... It is criminal to waste our energies in endeavoring to uproot, when all we can profitably or possibly accomplish is to bend the universal tree of humanity a little in the direction most favorable to the production of good fruit under existing circumstances… Such, in my opinion, is the true Gospel concerning Wealth, obedience to which is destined someday to solve the problem of the Rich and the Poor, and to bring ‘Peace on earth, among men good will.’” He believed that the wealthy men, much like himself, had an obligation to share their earnings with others, and he did just that. Before retiring and selling Carnegie Steel, he was a generous man and gave …show more content…
The main industrialist who gained his immense amounts of money in the oil refining industry was a man by the name of John Davison Rockefeller. His company, known as United States Standard Oil, or Standard Oil, for short, became possibly the largest and most powerful monopoly in the nation during this time period. Factories, constructors, and railroad creators relied on the service of the company to keep their own businesses running. When it came to his wealth, Rockefeller spent most of it on expanding and developing his already-successful oil refinery. By using the methods of vertical integration, being the purchasing all the businesses required for the company to function, horizontal integration, which combined businesses of the same industry into one corporation, and the buying out of his “competition,” he dominated the petroleum industry, granting him access to 90 percent of the oil in America. Rockefeller also believed and supported Social Darwinism. This theory, derived from English naturalist Charles Darwin’s theory of evolution and natural selection, and adopted by Herbert Spencer, suggests that “in human society only the fittest individuals survived and flourished in the marketplace.” Supporting this idea, Rockefeller proclaimed that “[t]he growth of a large business is merely the survival of the fittest. This is not an evil tendency in business. It is merely
New Spirits: Americans in the Gilded Age, 1865-1905 written by Rebecca Edwards provides readers with many different individual accounts to illustrate the transformative time of America during the Gilded Age. The work shows the cultural, social, political and economical elements of the age that aided in forming the America we have today. Edwards’s purpose in writing New Spirits is to offer readers new insights on the era by eliminating predetermined stereotypes one may have established before reading the work. Edwards wants readers to put aside their prior knowledge to understand just what it was like to live in the Gilded Age by providing readers with the consequences and achievements of people during the time.
Jessica HillisMr. GillardAP US History5 January 2007Essay 16: Gilded AgeThroughout history, certain periods of time have been given certain names based on thehappenings that occurred. Many have called the period of 1865 to 1901 the “Gilded Age”, be-cause it was “shiny and pretty” on the outside but it was “rough and ugly” underneath. The term“Gilded Age” was actually coined by Mark Twain who satired the Gilded Age with a GoldenAge.
The Gilded Age, the period of the history of the United States from the Reconstruction to the early 20th century, witnessed the development of industrialization, urbanization, the construction of great transcontinental railroads, innovations in science and technology, and the rise of big business. There were many capable leaders who were building a better future. Vanderbilt stopped at nothing to connect the nation via railroads. Rockefeller used his trademark ruthlessness to establish his oil empire. Cities were expending to the sky, this was built on the strength of Andrew Carnegie’s steel.
The Gilded Age lasted from 1870 to World War 1, “1900s.” The Gilded Age was a period of fast economic development, but also much social struggle. Mark Twain in the late nineteenth century founded the “Gilded” Age, which means covered with gold on the outside, but not really golden on the inside, for example, tin. This period of time was glittering on the surface but corrupt underneath. In other words, the outside looked beautiful, but the inside looked old and trashy.
The Gilded Age is defined as the time between the post-Reconstruction era and World War 1 in which the U.S population and economy grew quickly, however, there was a lot of political corruption and corporate financial misleadings. The reforms of the Progressive Era resolved many of the alleged problems during the Gilded Age such as unethical business practices, tainted food supply and poor and unsafe conditions for factory workers. During the Gilded Age, captains of industries like John D. Rockefeller supposedly used “unethical” business practices. They cooperated with other companies like the Railroad Companies which allowed them to transport their products around the country at a lower price compared to other companies consequently selling
The Gilded Age was to describe America in the late nineteenth century. The outside of the US seemed glamorous and splendid alongside industrial development and massive economic growth. However, the dark sides were hidden beneath it. In my perspective, I believe we are living in the 2nd Gilded age.
The Gilded age was a period in the late 1800s (1865-1900) that showed tremendous increase of wealth caused by the industrial age. The lifestyle of the rich during this period hid the many problems of the time that eventually brought about the progressive era movement. This was a movement for reform between 1900-1920s. Progressives typically held that the irresponsible actions of the rich were corrupting both public and private life. Forces such as immigration, the Populist Party and industrialization that led to the progressive era also impacted the American government both in its activeness and its democracy.
At the end of the 19th Century, as the United States was experiencing rapid industrialization, a reconfiguration of the social order yielded opposing visions of social progress. Andrew Carnegie, wealthy businessman, and Jane Addams, founder of Chicago’s Hull House, put forward different methods to achieve such progress, where Addams focuses on creating social capital in a seemingly horizontal manner while Carnegie advocates for a top-down approach. While both of them seem to reap a sense of purpose from their attempts to improve the nation, their approaches vary depending on their vision of the composition of the population they want to uplift. First, Carnegie and Addams’ desire to improve society is partly self-serving. For Carnegie, improving society is the role of the wealthy man who, “animated by Christ’s spirit” (“Wealth”), can administer wealth for the community better than it could have for itself (“Wealth”).
During the late 19th century, there was a growth in industrialization. This brought new opportunities for the poor and the rich. For example, Carnegie helped build the steel industry in Pittsburgh Pennsylvania, which made him one of the richest man in the world. As Carnegie gained more wealth, he questioned who money should be given to. Carnegie was both a Robber Baron and a Captain of Industry.
Rockefeller: The Captain of Industry that has helped our country thrive “The best philanthropy” he wrote, is constantly in search of finalities- a search for a cause an attempt to cure evils at their source” - John D. Rockefeller John D. Rockefeller was the richest man of his time but, used his wealth to improve our country. Rockefeller entered the fledgling Oil industry in 1863, by investing in a factory in Cleveland, Ohio. In 1870 Rockefeller established the Standard Oil Company. With the establishment of the oil company Rockefeller controlled 90% of the oil business in America by 1880.
Andrew Carnegie was a major capitalist of the 19th century. He became a major capitalist in the steel industry. He attained much of his wealth because he practically created the steel industry. Starting from the bottom and working is way to the top Andrew Carnegie became one of the richest men during his time. Starting at earning a dollar and twenty cents a week.
During the “Gilded Age”, America made numerous improvements to the functions and development of society. This was a time of renaissance in the United States, shortly after leaving a state of depression caused by the civil war and the reconstruction of our nation from World War I. We made break thorough advancements and improvements that allowed us to be where we are today. The “Gilded Age” was pivotal to the growth of our nation as a whole and led us to be as developed as we are. The three most important improvements to America through the “Gilded Age” were industrialization, transportation, and the appearance of wealth.
Robber barons, specifically Andrew Carnegie, an industrialist and John D. Rockefeller, a philanthropist, were the chosen, elite members of society according to the doctrine of Social Darwinism. Darwinism is when evolution occurs and the strongest organisms of an ecosystem survive and reproduce to outnumber the weaker, less fit organisms of an ecosystem. Similarly Social Darwinism follows the same concept, but in a capitalist sense of thought. Those who were able to exploit the Gilded Age’s laissez faire economy to their own benefit, like the robber barons Andrew Carnegie of Carnegie Steel and J. D. Rockefeller of Standard Oil, were the fittest members of society because they were able to survive in the grueling and ruthless free economy. By usurping all of the fresh yet unfit immigrants that were flowing into the States due to the rise of urbanization, these two men integrated these easily-manipulated people into their factories to augment their profits.
The decade between 1890 and 1900 expressed a crucial time in the United States of America’s history. Many people experienced struggles throughout this time while others prospered. Mark Twain suggested that despite the significant achievements of the United States, Americans experienced poverty. This statement is an accurate description of the lively hood people experienced in their daily lives during the Gilded Age whether it was positive or negative. Many people during this time period focused on the positive outcomes that resulted from the Gilded Age such as new inventions, the gospel of wealth, additions of land to the country, urbanization, and middle-class improvements.
One of the many Gospel of Wealth advocates was Andrew Carnegie, 1835-1919, who was an industrialist who emigrated from Scotland to American in 1848 (Wall, ANBO). Carnegie’s “Wealth” written in 1889