A captain of industry is defined as “a business leader whose means of amassing personal fortune contributes positively to the country in some way.” Furthermore, a business leader who increased productivity, expanded markets, provided more jobs, or showed acts of philanthropy were considered captains of industry. One example is John D. Rockefeller who combined his many oil corporations that he already owned into the Standard Oil Trust. Creating the Standard Oil Trust made Rockefeller’s products cheaper for the public, it provided many jobs to workmen and it “paid the best wages,” according to Document 2. While pursuing the gain of wealth, Rockefeller positively helped the country grow. Another example of a captain of industry was Andrew Carnegie.
The Great Depression of the 1930’s was triggered by big businessmen and their corporations. This resulted in growing anger and anxiety towards the dynastic rich. President Theodore Roosevelt attacked the wealthy by imposing regulations on companies and attempting to reform the rich. Another attack was Easy Living, a 1937 film, where comedy was used to make fun of the dynastic rich and big business. While both were obvious jabs at the rich, Theodore Roosevelt’s attacks were more blatant and direct whereas Easy Living is a lighthearted comedy that made the viewer feel sympathetic towards the Ball family.
I believe he is a captain of Industry. What made you categorize your choice as a Robber Baron or Captain of Industry? I believe Henry Ford is a Captain of Industry whose contribution was vital to this country place as a great industrial power. He uses his skills and social position to revolutionize the automobile industry, provide cars in a more affordable price and give his employers better and steady wages. In a time where America’s economy was at its low, much work was necessary to rebuild the economy.
Coming with a successful business is people trying to find faults in your greatness. Rockefeller was a Captain of Industry, he helped improve the inventions we already had by making oil more readily available. By doing this he made a fortune which made people believe that he was unable to be trusted, but all of these suspicions were incorrect, Rockefeller made his money honestly and helped our country thrive and become who we are today. Rockefeller had competition in the oil industry but, he
Greed is portrayed in the movie as something needed to be extremely successful in the stock market. Gekko is relentlessly greedy when it comes to buying stocks and knowing information before anyone else whether it is legal or not. This causes him to prosper and thrive in the business, thus supporting his greedy achievements. Although Gekko benefited from his selfish ways, greed accumulated leading to his downfall. There’s a moment where Gordon Gekko become too greedy for his own good.
Therefore, I believe that Moore’s observation is that the America people that have equity are the people that are in control of power, while the people that are without are forced into economic slavery. However, Moore suggest that Capitalism has not always been a crisis, which he reiterates the story of his life and further explains that his dad received a substantial pension and benefits. Moore spoke proudly of growing up in an economic bang that have expanded the industrialization. There were high taxes on the rich, which created lucrative jobs for the average person and also investments in education and infrastructure. The power of the union and high taxes on the wealthy created a balance in the system.
These artists and Warhol himself all partook in corporate style branding and self-promotion and producing art like consumer products and having the factory style production not really ever seen before. Many of these artists could be said to be after the possible wealth and stardom associated with Warhol and The Factory, seeing as though there was a greatly deflated art market at that time and Warhol has celebrity acclaim all around him. Warhol said “During the hippie era people put down the idea of business—they’d say ‘Money is bad,’ and ‘Working is bad,’ but making money is art and working is art and good business is the best art.” The many artists that helped Warhol in his Factory followed his rebellion which impacted pop-art against
I believe the government should break up monopolies. John D. Rockefeller and his monopoly of Standard Oil is the perfect example for why the government should break up monopolies. Rockefeller and his partners created secret deals with railroads and used intimidation to get other smaller oil companies to sell out to them. Also Standard Oil was the monopoly to create trusts which created problems for other small companies. To give Standard oil an advantage over its competitors, Rockefeller made a deal in secret with railroads to where they shipped Standards oil for reduced rates.
The revolution resulted in the development of a new social class the middle class. This class contained factory, min owners as well as engineers, doctors and lawyers. The flourish of this new social class greatly noticeable in Britain as the British scholars were more practical rather than theoretical. As Strayer explains, the discoveries on atmospheres and vacuums promoted the innovation of the steam engine in Britain (Strayer, 2012; 834). The industrial revolution brought the social status of business men up as they benefited the greatest from the industrial revolution, it can also be said that the factory and min owners were the sponsors of the industrial revolution.
Once again, I understand that businesses have to survive, but there are better ways to do so. If there was ever an unethical company, Providian is it. Providian defrauded millions of dollars from its customers. If I recall this correctly, in the film it had two entrepreneurs with a business called “People First Recoveries”. The two buy bad debt from all over the country in hopes of one day making huge profits and for them to attempt to collect their money they have peoples’ personal information they use against them.
Robber Baron was an industrialist during the Gilded Age who was powerful and wealthy Businessmen, he became wealthy by treating his workers terribly and other questionable and unethical tactics. Robber Baron became a term to describe Businessmen who did similar things like Baron. In the Gilded Age some businessmen had a vision and invested time and money to let grow with the economy such as Cornelius Vanderbilt, many businessmen donated to gifts to organizations such as schools, churches, and hospitals, businessmen such as Vanderbilt and people who practiced similar ways of entrepreneurship and donated
There is a broad line between a captain of industry and a robber baron. A captain of industry brought an advanced, modern economy. They might have done a few shady acts, but people can look past it. A robber baron can be considered as thieves because of the way they gained money by destroying other companies. Many could say these millionaires are both.
While this remains true, the business men of the Gilded Age were captains of industry to an extent. One of the most prominent captains of industry, Carnegie, donated a large sum of money to charity at the end of his life because he believed in the Gospel of Wealth, as he stated in 1889 (Doc C). Carnegie also helped make America more efficient by using vertical integration. According to E. Levasseur, efficiency was
As a Democratic governor of New Jersey, he ran the president election in 1912 and got elected because of a split in Republican Party. His Clayton Antitrust Act made him a progressive president. When the Sherman Antitrust Act was ratified, there were still many problems yet to be solved due to the insufficiency of the policy. The unfair competitiveness was still ubiquitous in business. However, with the Clayton Act plastered over the crucial cracks of the Sherman Act, serving as a barrier to a broad range of anti-competitiveness issues like price discrimination, price fixing, and exclusive sales contract.
Robber Barons and Captains of Industry Some might believe that the businessmen of the Gilded age are robber barons because of how some of them treated their workers and spent their money. The businessmen of the Gilded Age were captains of industry because of the impact that they made on the country. Carnegie, Rockefeller, Morgan, and Vanderbilt all have done things that can identify them as captains of industry. These businessmen gave their time and effort to help the economy grow. Andrew Carnegie and John D. Rockefeller were hardworking and used their money to help others instead of keeping it for themselves.