Cornelius Vanderbilt's Influencing The Society

Industrialist had a huge impact on the gilded age. The gilded age was a rapid expansion of industrialism and a massive jump in the population of immigrants in america. The industrialist during the gilded age such as Andrew Carnegie, John D. Rockefeller, and Vanderbilt had a big impact because of their businesses.

“When the Civil War came, the demands for his goods increased dramatically, and Rockefeller found himself amassing a small fortune.” (Source 1 “The New Tycoons- John D. Rockefeller”) Generally, when there are many consumers buying from one company, then that establishment has had people within it using wise business tactics. For the Standard Oil Company, that person was John D. Rockefeller. “He shipped so many goods that railroad companies drooled over the prospect of getting his business.” (Source 1 “The New Tycoons- John D. Rockefeller) The want for Rockefeller’s products was only increased by the growth of the good’s shipping rates. Of course, Rockefeller was conscious of this and found a way to use this edge to its full potential. Only an intellectual being would be able to have as large of a command for their products as Rockefeller. Entrepreneurs would be capable of high demand for their goods if Rockefeller was their

During the 19th century, industrialization impacted the United States in many way. Industrialists, like John D. Rockefeller, owned or were involved in management of an industry. At the time, these agents were considered a “Robber Baron,” while others were considered a “Captain of Industry.” However, many were considered good because they were philanthropists.

The transportation revolution is believed to have begun in 1807 when the government seemed it was going to become active in growing infrastructure. The treasury secretary, at the time, Albert Gallatin was asked to develop “a plan for the application of such means as are within the power of Congress, to the purpose of opening roads and making canals” (W&R). This plan was not to happen and throughout this revolution the government was only responsible for a few projects. Without much government aid, entrepreneurs took matters into their own hands, creating competition. This first started with the building of toll roads. While it is difficult to measure the economic impact that these roads played, they were a critical

One impact of technological innovations is the transcontinental railroad and the advancement in railroad businesses thanks to Cornelius Vanderbilt. Due to the power of Vanderbilt he nearly transformed transportation as they knew it. Vanderbilt had many railroads going all over the country and so much power over the railroad business. He ran a monopoly on the railroad industry while still having some competition.

In the 1860’s America started building the first continental railroad. It provided a cheap and efficient way to transport products from one side of the country to the other. One man in particular had a great impact on the industrialization of America, Cornelius Vanderbilt. Vanderbilt had a poor upbringing, but at the age of 16 he bought a ferry, over the next 40 years he built the largest shipping empire in the world. Vanderbilt sold all of his ships and invested everything in railroads. He owned 40% of all the railroads in America, but he wanted them all. So he closed down the Albany bridge creating a blockade prohibiting the rest of railroad from entering the busiest port, New York City. Other railroads started going bankrupt, so the presidents

It was able to efficiently transport goods and products. Being able to harness the power of steam launched this. Steam-powered things replaced man-powered hand tools that resulted in more production. Before steam power, a water wheel was the main source of power in a factory. Robert Fulton invented his first steamboat in 1807. This boat was named The Clermont. It only took The Clermont 32 hours to travel from New York City to Albany, New York. Before this, people had to rely on wind-dependent boats, which took around five days. When the steamboat came in, people didn’t have to rely on favorable wind to travel. This allowed scheduled departures and arrivals. Steamboats also changed the type of goods that could be sold. Because transportation was now faster, farmers could sell surplus crops to remote locations without worrying about them spoiling while they are being delivered. In result, the selling of surplus crops boosted economic growth in local communities. Because of strong currents, older boats could only travel downstream on the Mississippi. However, the steamboat could travel up and down the Mississippi. It could travel from Pittsburgh, Pennsylvania to New Orleans,

In the late 1800’s, J.P Morgan, John Rockefeller, and Andrew Carnegie had a negative impact on society because they were Robber Barons. They treated their workers very poorly in a way that should not have happened. J.P Morgan forced his workers to labor under harsh conditions for long hours and low pay. This is coming from a guy who has made millions of dollars and who has started a 60 million dollar business. Knowing how much money he has and how very little he pays his workers shows how ruthless he is as a business owner. Likewise, John Rockefeller forced his workers to work long hours for low pay. He also discouraged union activity in his corporation. It seems oddly unfair the he donated millions of dollars to many different causes but

Was Cornelius Vanderbilt a Robber Baron or Captain of Industry? A cruel businessman or an industrious leader? Henry J. Raymond believed that Vanderbilt was “a monopolist that crushed other competitors”(T.J Stiles). While he is also deemed one of America’s leading businessmen, and is also credited for helping shape the United States. His fortunes were made unfairly in some cases but his million dollar contribution to the Navy was very generous. Bill Gates was a wealthy man who might have been greedy and only in for the money. He was also a generous man who employed a lot of people and donated $40 million.

In the past, there have been many influential economic figures in the industrial business industry. Andrew Carnegie is one of the most famous of these figures but not just in a business scheme, but also in an economic and national scheme. Andrew Carnegie is a business man that caused a major controversial issue to arise; the topic of being labeled a Robber Baron or a Captain of Industry by the public. A Robber Baron is someone who has become wealthy through heartless and unethical business actions that will only benefit the individual. On the other hand, a Captain of Industry is a business leader who has become rich by accomplishing activities that will, overall, benefit the people of the community such as expanding a market or providing more jobs. There have been many debates on which one

John D. Rockefeller gave away $540 million dollars before his death at the age of 97. With this money he created two, of the world's greatest research companies and helped pull the American South out of poverty. Without Rockefeller’s gracious donations to our country through education, medical, and donations to help our country, he most definitely was a Captain of Industry which helped our country get to where we are today.

Traveling for trade’s or for visit was a lot more faster after the steamboat was invented. It was a lot more easier to travel upriver and going against its current. Before the steamboat was even invented, they took more time and a lot more energy when going up steam or against the current. The use of steam speed up the efficient transportation of perishable good and trades. Steamboat was extremely valuable during the civil war.

During the years 1880-1920 there were many issues because of urbanization and industrialization. The industrial revolution brought many new job opportunities with low wages making companies focus on women and children. These opportunities were available but at a cost, they were paid less and they were forced to work up to ten hours. The industrial giants made labor a tough and unfair lifestyle. They wanted more riches, but they were making people suffer in order to obtain the money. The progressives wanted to help relieve all these problems through a philosophy called progressivism. They managed to achieve some of their aims but not all of them.

Since the creation of the U.S. two hundred and forty one years ago, one of the founding ideals of the nation is that any citizen should have the right to pursue their own dreams. For some the “American Dream” can be defined as the opportunity to gain success and prosperity through hard work, determination, and initiative. John D. Rockefeller and Andrew Carnegie personify this concept completely, and although these men were hailed as “captains of industry,” they always hungered for more.

Eastman, Rockefeller, and Carnegie are Captains of Industry. They are Captains of Industry because they donated their money to help children. George Eastman supported dental clinics for children who couldn 't afford treatment so their teeth are more white and they will take more pictures and use his camera. Andrew Carnegie donated more than $350 million to help build over 2,500 libraries and used his steel to make them. Also, John D. Rockefeller Founded the General Education Board in 1903 and established high South by providing free professional advice. These three people helped others so they would use their inventions and make more money.