The period from 1865 to 1900 is called the Gilded Age, not only for the monopolist Robber Barons who got very rich by developing major industries -- steel, roads, railroads, electricity, banking, etc -- but because of a fundamental change in American life. Before the Civil War, America was largely agricultural. People lived on farms or small villages & towns. In the 1870s & 1880s cities like Chicago were all the rage. .
Those steels were used in machines and they also helped build railways and bridges. At age 65, he sold his company and consequently became the world’s richest person. After his retirement, he started to live up to his philosophy of philanthropy. His efforts influenced not only America’s post-war reconstruction,
By the end of the nineteenth century, American innovation was the impetus for the growth of industry, as 1.5 million patents were issued between 1860 and 1930. From the birth of the nation, technology has been an instrumental component in shaping the social and economical aspects, modernizing society to be more efficient, convenient, and privileged. One of the masterminds who orchestrated this movement was Thomas Edison, nicknamed the “Wizard of Menlo Park”, as he patented over a thousand inventions, including enhancements of previous designs, such as the light bulb, and entirely original apparatuses, like the phonograph. These inventions would become landmarks of American history, bridging the urbanization of cities in the late 1880s to the
Several industrialists had a major impact on the Gilded Age. These industrialists were Andrew Carnegie, John D. Rockefeller, Vanderbilt, Thomas Edison, and Alexander Gram Bell. Andrew Carnegie made steel from iron which helped to build railroads and buildings. He also developed a process that sped up the production of steel by 96 times. This process is known as the Bessemer Process.
The work of Samuel Gompers acted as a catalyst to the dawning of the Progressive Era. Gompers’ revolutionary union work advocated for social justice and regulation within factories. HIs work with expanding the rights of workers through factory regulation and organized unions was continued even after his death by the organization her started in 1886. The American Federation of Labor outlasted even the Knights of Labor, and today is still a well respected organization. The American Federation of Labor grew from 50,000 members in 1886, to nearly 3 million members in 1924.
The other major strike seen during this time period is the Homestead Strike. This strike took place at the Homestead Steel Plant run by Andrew Carnegie (one of the richest entrepreneurs in the Gilded Age). Carnegie’s right hand was Henry Frick, who was known for his hostility. Frick was left in charge of the Homestead
These Furnaces were called Bessemer’s. (History.com) One man from Scotland would take these huge monsters and create a huge industry that would eventually take control of over one quarter of the steel created in the United States. He would eventually become the wealthiest man in the country. His ingenuity
Don’t Be Shocked When Your History Book Mentions Me Alexander Hamilton was the most influential figure in early American history. The significance of the other Founding Fathers are important, of course, but Hamilton had the most lasting impact. Looking around at the America we live in today, what we see is the future that Hamilton envisioned and fought for. The policies he created and his personal beliefs shaped our world. His influence on the arena of politics includes composing the majority of the Federalist Papers, leading America’s first political party, establishing the first national bank of the United States and the first tax on internal goods, and publicizing his belief in abolitionism.
A captain of industry can be defined as ¨a business leader whose means of amassing a personal fortune contributed positively to the country in some way.” Andrew Carnegie was an ideal representation of a captain of industry, he was born poor, yet he rose the ranks and became a successful businessman who dedicated his fortune to good causes. Due to his success and innovation in the steel industry and his benevolent donations, Andrew Carnegie was a prosperous businessman who benefited lives across America. Andrew Carnegie furthered the steel industry and brought forward new innovations that advanced technology and market shares for generations. Not only did Carnegie develop technologies, he helped forge new business models. The concept of vertical integration received an immense