Captain Of Industry Essay
The Captains of Industry were certainly one of the most important factors in the development of United States in the period directly after the Civil War. While there is some merit to the argument that the industrial leaders were Robber Barons that did more harm than good, their contributions to American society clearly outweigh those negatives. The Captains of Industry quite literally revolutionized the American way of life that gave the U.S. the highest standard of living in the world prior to the outbreak of World War I. This was made possible due to the emergence of corporations in areas such as finance, steel, oil, and railroads. When these men combined with other factors, such as the mechanization of agriculture, immigration, migration, …show more content…
Even the negative side effects of their actions led to long term benefits for many. The creation of monopolies led to government intervention in business on behalf of fair competition. The exploitation of workers led to regulations guaranteeing safety codes, minimum wage, abolition of child labor, and the rise of unions. While they did not intend for these things to occur, they are still byproducts of their efforts to build American industry. They set up the country to become, financially speaking, the largest beneficiary of World War I as the U.S. supplied much of the material used to fight the conflict. It transformed the United States from a debtor nation into the world’s largest lender in a few years. Looking back, the development of the U.S. after the Civil War was inevitable, but the course that it took to get there was not. The Captains of Industry revolutionized their chosen industry and created an economically strong nation that was capable of meeting the challenges of the next century. Were it not for these men, history would have turned out very different for the United
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