During the gilded age, America's economy was growing at a fast rate making plenty millionaires. New industries and businesses were formed during this age like steel and coal. Thus made people like Rockefeller, Vanderbilt, and Carnegie rich. But becoming the owner of an industry was actually a pretty easy life but made the lives of the poor harder with long work hours and low wages. This made the common poor people upset and their control of where they live. John D. Rockefeller was an oilman owner and captain of industry who wanted the economy to grow. Making the common people more rich and to improve the economy. Cornelius Vanderbilt was known as the captain of industry because he invested the time and effort to grow the economy. Andrew
However, the need for steel and oil were greatly demanded. The Gilded Age created many fortunes for people and their families during this period. While the economy wealth started to rise and expand rapidly, industrial workers worked in poor conditions that were often hidden behind the nation. Many men were killed building buildings and other constructions. Once the men were killed that was it, nothing left for the families to be taken care of.
With increasing in industrialization, the workplace had become more dangerous, and businesses refused to accept responsibility for injuries to workers. Great fortunes were amassed by the industries and millions of immigrants found hope on the idea America's opportunities. Technology began to replace the need for labor, which in turn lead farmers become more efficient in producing crops, and supplies tended to surpass demand regularly, consequently lowering prices. Therefore making the farmers struggle, and essentially making the poor man poorer and the rich man richer. The Gilded Age was a time of progress for the country.
Andrew Carnegie was considered a captain of industry and a robber baron in my opinion. Carnegie was born on November 25, 1835 in Scotland. He was born in an attic of the family’s business in a weavers cottage. He was born in a very poor family. His family couldn’t afford for him to go to school, so he taught himself all the things he had to know with a little help of his family.
The Gilded Age, used to describe 19th century American life, was an important part of United States history. Known as a time where financial inequalities among society prevailed, the rise of robber barons arose where very few owned a large amount of the wealth in the economy. Robber barons, a term to describe a group of people who were rich due to corrupt and unethical business tactics dominated socially, economically, and politically. Reasons for this included the fact that many natural resources were being discovered, the increase in the amount of immigrants arriving in the United States, and the general growth of American businesses. However, the biggest factor to the rise of robber barons was the laissez faire government ideal, where
The impact industrialism had on the Gilded Age was that it allowed people to gain wealth, improve materials, and to increase production. Industrialists like Vanderbelt and Rockerfeller are one of the main reasons this time period is called, the Gilded Age, because of how they were able to create monopolies within the railroad and oil industries and thus, make themselves rich. These two people impacted the Gilded Age by further improving people's lives with their ideas. Vanderbelt cut travel time to seven days with his first transcontinental railroad and Rockerfeller made homes safer by creating standard oil that won't be as dangerous as kerosene. People like them also shaped how we do business today by carving the path to nationwide trade
The Gilded Age was an age of rapid economic growth. Railroads, factories, and mines were slowly popping up across the country, creating a variety of new opportunities for entrepreneurs and laborers alike. These new inventions and opportunities created “...an unprecedented accumulation of wealth” (GML, 601). But the transition of America from a small farming based nation to a powerful industrial one created a huge rift between social classes. Most people were either filthy rich or dirt poor, with workers being the latter.
At the beginning of the Industrial Revolution John D Rockefeller was one of the Great Captains of Industry that brought the US and the world into a new air unlike any other before it’s time. Rockefeller along with the other men who were the leading force behind the industrial revolution gave us and became the American dream. These people brought hope back to America after the bloody Civil War, which ended in Lincoln’s assassination who everyone was looking towards to restore America. However, what ended up happing is that Rockefeller and the tycoons took America from a small time experimental country. Turning it into the powerhouse that it is today that stands for freedom not just for people but also in its commerce and economy.
From 1865 to 1900, the Gilded Age was a period of vivid reform and an era of corruption, and unfettered capitalism. During this era, the United States turned from an agrarian society of small producers into an urban society dominated by industrial corporations. Big businesses would monopolize industries and have influence in the US economy as giant corporations dominate banking, manufacturing, railroads and steel, benefiting the rich by giving them the power to make more money and have more clout. As the power of big businesses and the federal government would only benefit the upper-class, laboring class Americans attempted to better their lives by demanding better working hours, wages, using labor unions, and going on strikes.
Overall, I thought that the term Robber Barron to describe Cornelius Vanderbilt was justified. For example, in the article Robber Barons or Captains of Industry, we learned that Vanderbilt was “one who either destroyed his enemies or extracted a ransom in return for leaving a market”. Basically, he was so competitive that he ran other business out of the market in order gain more wealth. Even though he helped the economy with building steamships and providing transportation of goods though the railroad systems he still was looked at in a negative way because of how competitive and ruthless he was. I thought that Andrew Carnegie was more like a captain of industry because he was more focused on bettering society as a whole rather than just
Corporate greedy and corrupt politicians were specific problems and injustices that were present in American life during the late 1800s and early 1900s however these were addressed during the progressive era with laws and regulations. Throughout the gilded era corrupt politicians and corporate greedy allowed the upper class and businessmen to take advantage of the working class. This means that a majority of the population were hurt during the gilded age whereas a small percentage benefitted. As seen in document 1, living conditions were crowded, dirty, and unsafe.
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.
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.
With this new influx of workers and business, numerous so called “Captains of Industry" were born. Men such as Andrew Carnegie and John D. Rockefeller were men who came from nothing, but made fortunes off their innovations in the steel and oil industries. While their actions greatly benefitted the American economy, their monopolistic desires earned them a sinister reputation. These captains both had a disdain for competition and would do everything in their power to eliminate or absorb any opponents in order to gain more influence.
The Gilded Age was took place right after the Reconstruction period, roughly from the 1880s to 1900. In this stage of American history, there was a boom in industry and immigration. Industries such as iron, steel, and the railroad came into play. There were a select few individuals who became multimillionaires from those industries,
The men who built America also know the innovator is a docudrama and directed by Patrick Reams and Ruan Magan. This movie focuses on the life of Cornelius Vanderbilt, John D. Rockefeller, Andrew Carnegie, J.P. Morgan and Henry Ford, and how their innovation and leadership skills renovated the modern society. But for the purpose of this assessment my research is based on John D Rockefeller and his leadership skills. Short History of John D. Rockefeller John D Rockefeller was born in 1839 in New York to Bill and Eliza Rockefeller. From a very young age his father taught him to be smart and cunning in every deal, and also not to trust anyone in his life including his father and His mother was a fervent Baptist and tried to instill in him the importance of being a good Christian.