The business world wasn’t the only thing corrupt but the railroads were too. With the railroad industry growing the companies knew they could charge huge rate and gain a large profit. Congressmen were paid off to be quite about the scandal and kept it to themselves. The railroads raised the stocks and were given to well-liked companies.
The late 19th century was full of growth, production, and business. People were craving power and seemed to achieve this through any means necessary. Consequently, a new business elite formed consisting of the richest men alive. The way in which these individuals acquired all their profits is something very contradictory even over one-hundred years later. Some historians characterize these businessmen as “robber barons” who used extreme methods to control and concentrate wealth and power, and being supported by multiple sources, this statement is justified but only to some extent.
Immigrants and poor works worked together to increase the wages. The rich wanted to ensure in maintaining their power and wealth, leaving the others in terrible circumstances. “The purpose of the state was to settle upper-class disputes peacefully,control lower-class rebellion, and adopt policies that would further the long-range stability of the system”(Zinn, 238). Always, the wealthy and powerful have control the lower class, creating discriminatory laws. These laws that have been created is beneficial to the rich.
Impact Assessment: Public Perception Public perception is very important for any business either make or break it. As in this situation, the negative public perception may affect Greene’s jewelry reputation. Moreover, a good reputation is the key to the profit of a business. Businesses pay millions of dollars for advertising to pump up their business.
The Mexico-US drug war against cartels needs to be stopped. Billions of dollars have been lost in the underground economy or spent in different approaches to address this problem. The consequences of the cartel drug war are too big, and governments need to keep trying to find new solutions to end it. Drugs corrupt not only the brain but the society, and eventually the economy. Thousands of crimes, injustices, and deaths arise from this unnecessary war.
Many people believe that big businesses pose a threat to the future of America. Big business owners continue to get rich by taking advantage of its employees and their consumers, leaving them in a continuous state of demand. One of the first large corporations to form in America
The privatization of the prison system has made it so that individuals who have committed a crime are no longer seen as people but as profits. Prisons receive more money and more laborers (which they grossly underpay) with the addition of new inmates, so it is in the best interests of prison corporations to increase the volume of prisoners as well as expanding the length of sentences. Private prisons started out as a cost-effective way to house inmates, but after yielding large investments and profits, they began lobbying for new and harsher punishments resulting in America having the highest levels of incarceration in the world. In 1984, the first private prisons were created, the founders claimed that the prisons funded by the government but run privately would cost considerably less than prisons run at the county, state, and federal level.
Income & industries: the higher the income one achieves, the more likely it will be for him to buy a diamond because he will be able to afford it hence him being in the target market. The influence of new/ developing industries affect the demand of diamonds, some industries need diamonds to function and work efficiently, such use stone engraving and the development of supercomputer. The more the industries grow, the more the diamonds are needed. (Anonymous, n.d.) 4. Advertisement: advertisements are very important in the world of selling goods.
The men who built America are viewed today as either “Robber Barons” or “Captains of Industry”. According to dictionary.com a Robber Baron is “a person who has become rich through ruthless and unscrupulous business practices. A Captain of Industry is “a business leader whose means of accumulating a personal fortune contributed positively to the country in some way.” These men are Robber Barons rather than Captains of Industry because of the unfair ways they got to the top, the cruel ways they treated their workers, and the rivalries they created with each other.
There are so many views when considering the industrialists of late 19th century to be captains of industry while others consider them as Robber barons because they like practicing a system called the monopoly. Monopoly . they built huge companies and practice unfair businesses; which make them drive their counterparts out of business; and when they do such things, they are stealing businesses from competitors. Most people refer to them as the king of the American industries during the 19th century. Some viewed them as greedy, unprincipled and corrupt.
As industry exponentially grew after the Civil War, the need for labor and materials to power newly-created manufacturing giants caused new social classes to form: the rich corporation owners and the poor laborers. Unfathomably rich Robber Barons, or plutocratic American Capitalists, dominated the economy and industry and profited from the slave-like work of millions of poor laborers during this time period. Moreover, the poor working class and the rich further divided by distribution of wealth. Therefore, exploitation of capitalism widened the gap between the rich and poor classes of America, and both newly-formed classes developed reasons for the change.
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.
(Whitehead, 2016). The changes in the Progressive Era were not a result of the big industrialist changing their minds, because they like having things that were latter banned in the Progressive Era. The robber barons got rich by cheating the poor people who were either their worker or their customer. Ways they cheated people
The Credit Mobilier scandal was placed between 1872-1873, which this damaged many careers of the Gilded Age politcians, but the major stockholers of the Union Pacific Railroad formed a compand which was named, the Credit Mobilier of America, which this gave out contracts to build the railroad tracks. The lucrative deal was for these congressmen because they helped approved the federal subsides for all the costs for the railroad construsction, which in this case they didn 't pay much attention to expenses, which was enabling railroad builders to make huge profits. But the New York Sun broke this story on the evening of the 1872 election. The speaker of the House James G. Blaine, was a Maine Republican he implicated in the scandal, and he set up a congressional committe to investigate this affair. The came to the conclusion that two of its members were involed in this scandal their names were, Oakes Ames (Massachuttes), and James Brooks (New York).
The Furesians, people who live in extreme poverty have exceeded almost more than half of their population, because of the greed the Eggonians developed with locking the frazzles in factories so they would be able to produce eggs year long, which made the economy of Eggonia flourish. As a member of Eggonia 's Grand Council on Ethics, I will appoint Peter Singer, a promising utilitarian philosopher as a consultant to help us consider the financial restoration, and, make Furesia an economically thriving country again. My view on the issue between the Eggonians, who became greedy and found a scientific loop hole in the process of capturing the frazzles and storing then in factories so they can become prosperous off of them is wrong. For me, the