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 wealthy men in the railroad were suspected to careless for the people who worked for them.
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. Also, the false allegation about a company hurts company public image (Lourdes,2016 ).
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. The massive overpopulation of prisons in the United States led to the idea that capitalism could help to reduce burdens and responsibilities of running prisons on the government.
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. The men who built America had a lot of money. It's said that they had enough money to reinvest in themselves and still have money to spare.
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.