Andrew Carnegie was the greatest men of all time and also the man who built up one of the American steel industries and grew amazingly wealthy within the process. After retiring from his business, he contributed most of his riches away to projects that would benefit the public, such as building libraries. In the other hand, Samuel Gompers, who led and formed the American Federation of Labor in other to help working class people earn better pay and working circumstances. He continued his effort as a supporter of the labor program well into the early 1900s. Carnegie makes the dispute that great industrial companies have been noble for both the wealthy and poor. The poor of the Gilded Age, he stated, enjoy things that the rich of the past …show more content…
Nevertheless, he considered the gap symbolizes the outcome of "the law of competition" that authorizes the supreme people to upsurge to the top. Such individuals, he believes, lead companies to constantly improve their merchandises, in result in benefiting all of the societies. Gompers makes an appeal for the manual workers of the Gilded Age factories. He believes that the modifications brought by big companies are valuable in several ways, but he disputes that employees are often cast aimlessly without humanity or concern. Samuel Gompers also emphasis on the kind of double just as Andrew Carnegie did but the standard in the discerning competition. Many of the rich people condemned labor unions for taking an effort to eliminate competition out of the labor market through combined negotiation and other strategies. However, the same set of people were generally happy to oversee the ways big corporations drove up schemes like trusts to remove …show more content…
His speech was replicating on how he felt about wealthy people was alleged of in the past days and how he relate his feeling to his current period, the circulation of the wealth in the country. He spoke about how there is no link that connects the wealthy and the less fortunate, which he stated: “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”. Subsequently, the wealthy and the poor do not have any type of association with them; it is tough for them to get along. Thereby have so much effect on the working environment, bring about friction between the employers and employed. They employers feel a lot of stress to use the law of competition in a stringent economy that was going on so that he or she can get along and make money without minding what the consequences maybe. Andrew Carnegie starts to make clear that the societies are ultimately paying for the law of competition. He then states that it is not essentially a depraved thing because it has prepared us to progress as a
Entrepreneurs controlled the Gilded Age creating a growing economy with booming businesses and yet this has not changed over the years. John Rockefeller and Andrew Carnegie can be compared to those with the names Steve Jobs and Bill Gates. Multibillionaires, who know what the consumers desire, is what these men are best at. They knew and now know business well enough to be able to control our country’s’ economy. However, these successful business men do not do it together.
Samuel Gompers was an early labor leader, he was the first in his own union ,then later was president of the American Federation of Labor. He was president for continuously between 1886 and 1924, Gompers led the labor movement in gaining solid amounts for workers. He maintained a focus of view trade unionism, and believed that unions should concentrate on better collective bargained agreements and legislation affecting labor, while avoiding a large number social issues. American Federation of Labor (AFL); to him, as much as to anyone else, is that the American labor movement owed it’s structure and characteristic strategies. Under his leadership, the A.F.L. became the largest and most influential labor federation in the world.
Galbraith would disagree with Carnegie’s point on the Law of Competition. Carnegie believes that this law is beneficial to the race since it is the natural rule of
Industrialists such as John D. Rockefeller and Andrew Carnegie, had made major impacts during the Gilded Age. They changed the way we do things like transport things, and the rules of business. They made mass production of items, and paved the way for improving working conditions. John D. Rockefeller would become one of the most powerful, and the richest men in the history of the United States due to him owning 90% of all the oil refineries. With the railroad business taking advantage of all his oil profits he made the idea to transport some of his oil through the system of using pipelines.
Carnegie thinks it is better to build public institutions than give charity to the poor because the poor need to have the “desire to improve” and find help in these public institutions. (Carnegie 30). He believes that rather wealthy “Men who continue hoarding great sums all their lives” can find the proper use for their money, which is to help the community. (Carnegie 29). By just giving money to the poor the wealthy are doing all their work and instead the poor should find the assistance they need to improve their lives.
Carnegie donated money to establish ($350 million worth) libraries, schools, universities, and pension funds for his employees. James J. Hill provided seed, grain, and cattle to farmers during the Great Depression. (Hook Exercise). These entrepreneurs promoted inventions that enhanced the way we live in the developing technological era. When people were in need, these captains of industry were there to save the day, sharing their money like it was no big deal; only it really was to the ones who needed
Andrew Carnegie and John D. Rockefeller were hardworking and used their money to help others instead of keeping it for themselves. They both started and donated to charities. Carnegie gave away most of his money before he died and established thousands of libraries.
As industry exponentially grew after the Civil War, the need for labor and materials to power newly-created manufacturing giants caused new social classes to form: the rich corporation owners and the poor laborers. Unfathomably rich Robber Barons, or plutocratic American Capitalists, dominated the economy and industry and profited from the slave-like work of millions of poor laborers during this time period. Moreover, the poor working class and the rich further divided by distribution of wealth. Therefore, exploitation of capitalism widened the gap between the rich and poor classes of America, and both newly-formed classes developed reasons for the change.
The United States began to enter a prosperous and increasing period after the civil war known as industrialization. Despite the fact that industrialization led the United States to wealth, it also led it to many social and economic problems during the late 19th and early 20th centuries. During this time, Upton Sinclair and Andrew Carnegie were the people who responded to the economic and social problems generated by industrialization. Andrew Carnegie was one of the wealthy men in America and was very charitable, he impacted the United States with his steel to transform cities. During these economic and social problems generated by industrialization, he responded by providing money to fund charities.
The late nineteenth century was a pivotal moment in American history. During this time, the Industrial Revolution transformed the nation, railroads had dissipated all throughout the country, and economic classes began to form, separating the wealthy from the poor. One of the wealthiest men of this generation was Andrew Carnegie, a Scottish immigrant who fled to America to make millions off the railroad, oil and even steel businesses. Carnegie is considered one of the richest men in history, and even with all that wealth he decided to give back to the community. As a matter of fact, Carnegie donated most of his funds to charities, universities and libraries in his last few years.
After the Civil War, the Second Industrial Revolution was established due to America’s rapid growth for industry and economics. Capitalists during the industrial period of 1875-1900’s were either accused of being a robber baron or a captain of industry. Some capitalists leaders who were accused of being a robber baron or captain of industry included J.P. Morgan, Andrew Carnegie, Andrew W. Mellon, and John D. Rockefeller. A robber baron is a business leader who gets rich through cruel and scandalous business practices. The captains of industry is a business leader who wants to better the companies in a way that it would be positively contributing to the country.
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.
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”).
Andrew Carnegie was one of the most famous and wealthiest American industrialist during the Industrial Age. He was a robber baron who made a fortune in the steel industry and applied vertical integration to his business. Carnegie contradicted his views as a robber baron because he supported, but destroyed many unions. This made many of his views unethical.
Wealthy people spent their money however they pleased. The middle class struggled during the Gilded Age, their incomes stayed low for many years. That made many middle class people feel less and insecure of themselves. They feared losing their jobs and not being able to pay their houses or afford to see the doctor when sick or injured.