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.
Not only did he have an effect on society, he has also played a role on helping the country in times of need. Looking at his effect of allowing the average person to own a car, advancing the work force, growing the middle class, creating tourism, and allowing the United States to thrive during World War II, Henry Ford helped the middle class more than anyone. Henry Ford is the reason that the average American had the ability to own a vehicle. Before Ford started making vehicles, cars were a luxury item only owned by doctors and lawyers. Ford began making his Model T using a revolutionary idea, the moving assembly line.
In 1694, Thomas Savery invented what would revolutionize the united states indefinitely, he called it the steam engine. This invention lead to the first steam engine locomotive which many would say was a beneficial turning point in the industrialization of america’s economy,allowing the steam engine to be used on the railways. Although the railroads did impact the United States and certain groups in positive ways,there were also negative effects that occurred. During this time period, there were many chinese immigrants that entered the United States who made up most of the workers that built the tracks. Business owners made lots of money from the railroads because they were able to transport goods farther and faster with ease.
The New Deal helped millions but was only successful to a certain extent. However, while this is true (African Americans were not helped, unemployment had risen after the federal government stopped subsidising jobs), FDR’s New Deal changed the role of the federal government in American society from a quite passive role to an active one. Through the Great Depression, Hoover had a laissez-faire approach. This meant that the government lets America figure out the dilemma themselves. One of the most important key turning point of the New Deal was the change in the relationship between the government and the nation.
He promised that the government would intervene in the economy to provide relief for the great depression, he proposed a ‘new deal’ that would give millions of Americans jobs and create a more stable US economy. “Roosevelt faced the greatest crisis in America since the Civil War.” (Franklin D. Roosevelt Biography). In the beginning of his presidency, he began to make good on his promises, he created many agencies and associations to help get the economy under control and to help lower the unemployment rate. As the economy was stabilizing and the unemployment rates and GDP were beginning to rise back up to normal levels, he fell under criticism for putting too much power in the government’s hands for controlling the economy. He was also accused of putting the nation into debt and not managing the national budget very well.
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.
Henry Ford played a major role in the economic and social changes that occurred in the 1920’s. In 1903, Henry Ford created the Ford Motor Company. He is known for making an inexpensive car made by skilled workers. He was able to make automobiles less expensive by inventing the moving assembly line. Instead of one worker building a car start to finish, each worker was in charge of building a specific section.
I believe Robert Owen's ideas offered the most hope for improving the industrialized world in the 1900s. During this time there were new fascinating technological advancements. However, with these advancements came issues. People were forced to work in horrible conditions, and big factories meant more people needed to work long hours for a low pay. Robert was disgusted when he saw this, so in 1799, him and his business partners bought the New Lanark textile mills.
Henry Ford’s Model T and assembly line are important turning points in American history. Before 1908, automobiles were a luxury that only the rich could afford. Henry Ford found a cheaper, faster way to build cars. The Model T was made on an assembly line, producing more cars in less time. Ford’s innovations in manufacturing created less expensive cars and higher wage jobs.
The Guilded age was a period of wealth and improvement which was used to cover up poverty and corruption inside the united states. Eventhough there were lots of improvements, not only in technology but also in society, there were lots of problems. Problems such as corruption and poverty. As time went on people started to realise this problems and some got improved, but others didn’t. This gilded age was a problem.
At the time united states was running on iron , soon the entire country was built of steel, from railroads, to skyscrapers,and to cars. Carnegie was a hero to this country as he led the country to a better economy. But is he really a hero? Carnegie changed the way the country worked.
“Much of the blame heaped on the captains of industry in the late 19th century is unwarranted.” (Document F). The Gilded Age was a time where the U.S. economy grew very quickly and rapidly, due to the inventive minds and entrepreneurs of that time; but it has different perspectives of opinions in history today. This era led the U.S. to its state and place in the present world, thanks to its important contributors, (who are involved in the main debate of whether they were robber barons, unethical men who yearn for money, or captains of industry, leaders who add positive ideas and methods to benefit their country.) The industrial leaders of the Gilded Age are captains of industry, worthy of some gratitude and credit for how our society’s structure
As our country reached the late 1800’s, Americans found themselves face to face with era known as the ‘Gilded Age’. Companies were created and grew rapidly during this time period. Some of the most famous entrepreneurs were John D. Rockefeller and Andrew Carnegie, who seemed to be the perfect models for the ‘rags to riches’ story. Many people debate which entrepreneur was a better role-model. Due to his low prices, the high demand for his products, and the way he sought to eliminate any possible competition, John D. Rockefeller is clearly the better role-model for today’s entrepreneurs.
Although helping Japan get back on its feet was one of his greatest accomplishments, Deming accomplished more goals of his throughout his life. He was a consultant to influential business leaders, larger corporations and some governments throughout the world. This includes teaching and guiding the rise of Japanese industry after World War II, and the renewal of the American automobile industry in the late 1980s. (The W. Edwards Deming Institute). Deming enormously changed the field of Economics by his training tactics and his creation of the 14 points of Management.
Despite many dreadful facts that happen throughout the Industrial revolution, there is still some positive facts that overpower the negative. Many played a role as an inventor to help improve the work ethic during the Industrial Revolution, such as John Kay who invented shuttle or Richard Arkwright who invented the water frame. These machine was being inserted into the factories, and with the help of machine, factory were able to double or even triple the speed of production instead of relying on manpower. As the result, the Industrial Revolution help the British a great amount of growth in their economy. Before the industrial revolution started from the year 1700-1760, the capital stock was 0.7, Labour Force around 0.3, Total factor inputs