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.
Name of Industrialist: Henry Ford How did he acquire his wealth? He acquire his wealth by being a self-made man, that revolutionize the car industry in the 90’s. How he (or his related industries) treated workers? Ford manage to lowered the cost of manufacturing, while providing a wage correspondent to more than double of the previous average.
Was John D. Rockefeller a robber baron? I’d say so. Through ruthless business tactics and exploitation of workers, he made a fortune in his lifetime. In this paper, I’m going to be talking about said business tactics and exploitation. If you believe Rockefeller was just a good business man who donated to the poor, I hope your view will be changed by the end.
John D. Rockefeller owned a bunch of oil refineries and instead of drilling for his oil, he focused on refining it. Rockefeller later became the richest man in America of his time. He didn't treat his workers very well. He made them work long shifts and offered very low wages. Vanderbilt linked a railroad connecting the
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. Captain of Industry is a fancy term of saying that this person has helped our country thrive and get to where we are today. John D. Rockefeller is a prime example of a great leader and a captain of industry, without him we would not have the successful oil business we have today.
Rockefeller has made an impact on the industrial revolution by changing and monopolizing the oil industry to bigger and better ideas. His funding to major organizations and schools, and motivation towards younger generations to push forward with his
John D. Rockefeller was the founder of the Standard Oil Company and became one of the wealthiest men of his time. His company was the major leader of the oil business in the United States during his reign. Standard Oil company served as a prime example of how companies should function, which helped to guide others to follow in his footsteps. He was a major philanthropist and used his large fortune to fund many philanthropic causes. His donations helped pay for the creations of the University of Chicago, the Rockefeller University, the establishment of Central Philippine University, and many others.
By the early 20th century, millions of Americans were engaged in oil-related industries; this increased employment. Rockefeller saw the vast potential of the industry, as he described: “We saw the vast possibilities of the oil industry, stood at the center of it, and brought our knowledge and imagination and business experience to bear in a dozen, in twenty, in thirty directions.” Much of Rockefeller’s whole life was characterized by various business-related controversies for his aggressive expanding desire but by the later parts of his life he became to be remembered as a philanthropist for his charitable efforts. The overall image of Rockefeller had varied significantly depending on who he was viewed, for example, his ex-competitors, politicians and critical biographizes.
The Gilded Age, the period of the history of the United States from the Reconstruction to the early 20th century, witnessed the development of industrialization, urbanization, the construction of great transcontinental railroads, innovations in science and technology, and the rise of big business. There were many capable leaders who were building a better future. Vanderbilt stopped at nothing to connect the nation via railroads. Rockefeller used his trademark ruthlessness to establish his oil empire. Cities were expending to the sky, this was built on the strength of Andrew Carnegie’s steel.
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.
Henry Ford is a well-known name in America History. Henry Ford founded Ford Motor Company. Henry Ford is well known for developing the assembly line technique that was used to produce the Model T Ford. The Model T ford and the assembly line technique changed transportation for years to come.
Many critics had accused “Rockefeller of engaging in unethical practices, such as predatory pricing and colluding with railroads to eliminate his competitors, in order to gain a monopoly in the industry.” (History) Standard Oil had been ordered to dismantle, in 1911, when the U.S. Supreme Court found it in violation of anti-trust laws. But, throughout his life, John D. Rockefeller had donated more than 500 million dollars for different philanthropic cases. While many might not know his history,
John Davidson Rockefeller was an influential character in history. His wealth, character, and aggressiveness directed him to create one of the first and most known monopolies in modern history. Throughout the Industrial and Gilded eras Rockefeller dominated his pitiful competition destroying the oil industries. Rockefeller might have been a businessman not an inventor, but in creating the monopoly he chooses to be something a different an in-between. John Davidson Rockefeller born July 8, 1839 in the small, quant town of Richford, New York.
Born on July 30th, 1863 in Springswells Township Michigan; so began the life of the man who revolutionized the motor vehicle, Henry Ford. Ford put himself out into the world and paved the way for many companies like Chevy, Dodge, and other motorized vehicle companies. This hard work was not just given out as a handout though. Ford was a fierce, dedicated, hard working entrepreneur. Ford did what no other person had ever thought of accomplishing before. The impossible became possible and a new model of transportation was open to the world. This was not just all good for Ford as he started so many job opportunities for road builders and bridge builders, etc. which truly demonstrates the boldness of this famous entrepreneur.
A Millionaire 's Success When you drive by a gas station and wonder who owns them, who comes to mind? John D. Rockefeller was the first billionaire in the United States. Rockefeller faced many obstacles in his childhood and adulthood to achieve success. He was the wealthiest man in america and had power above all. Rockefeller was a good businessman and would supply America with what they needed the most.