Pros And Cons Of J. P. Morgan Captain Of Industry

You can clearly identify Rockefeller to be a captain of industry, in a particular quote Rockefeller states the following “I do not think that there is any other quality so essential to success of any kind as the quality of perseverance it overcomes almost everything even nature.” In which this quote is a big significance to Rockefeller being viewed as a captain of industry, Rockefeller achieved his fortune through the oil industry in which still stands today.

Andrew Carnegie, Jp Morgan and John Rockefeller were robber barons . These men were robber barons because they treated their workers poorly, Did whatever they could to take down competing businesses and these men were ruthless.

The robber barons were the big industrial powers and large business owners who controlled the urban communities. The industrialization of urban cities allowed the creation of mass produced products at a low price. The industrialization of cities helped boost the production products created by unskilled labor.

Cornelius Vanderbilt was an entrepreneur who got his start in the steamboat industry. He was able to fight against the New York state government monopoly on steamboats by offering the same transportation for cheaper costs. He illustrated for us that the free market is better for bringing costs down, not only for stateside travels, but transatlantic and continental trips from the East Coast to the West Coast.

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. The most accurate characterization for the time period of 1875-1900’s were both

Cornelius Vanderbilt, and John D. Rockefeller are both labeled as robber barons. Robber barons is a term that means that they stole and were granted special rights, so that they could create monopolies in their fields. This concept is completely wrong though, since both Vanderbilt and Rockefeller worked hard to earn everything they received. Rockefeller and Vanderbilt were both businessmen who made wise business decisions, and created deals that would benefit them.

The History of Virginia and the Plymouth Plantation were both stories that had some similarities, but also had differences that made these stories relate to each other and also show how they had different goals to accomplish while exploring the New World. Captain John Smith and William Bradford were both settlers that wanted to achieve their goals during their journey to the New World. These two Captains had different ways of treating their fellow crew that helped them along the exploration, which is the main differences that they had. William Bradford was a captain that was looking to achieve Religious freedom in the New World, and Captain John Smith was more of a person that wanted to gain wealth and profit.

“The best philanthropy” he wrote, is constantly in search of finalities- a search for a cause an attempt to cure evils at their source” - John D. Rockefeller

Judging from the article I read I see the term Robber Barons as a perfectly used term. Before the Civil War people were more of a locally relying group. In the process of the Civil war taking place you start having these men that see an opportunity to making small businesses into big corporations. Now, I did say that the term Robber Baron was over used, but I do believe there was a rise of Robber Baron’s in that time period. Also, if you look at today’s society there is no over using that term the people in the 19th century were not use to people having great wealth and being over these big corporations, well we are.

Generous donations are always appreciated, especially for a cause such as a love for art or literature. JP Morgan himself was an art lover, and helped fund, in fact spearheaded the project, the Metropolitan Museum of Art. He donated his entire art collection, which he started when he was just 19, and even was a trustee of the museum for 44 years. Contributions to the museum, notes Strouse, were “collections of minerals, gems, meteorites, amber, books, prehistoric South American relics, American Indian costumes, fossil vertebrates, skeletons, and the mummy of a pre-Columbian miner preserved in copper salts.” (J. P. Morgan - The Philanthropy Roundtable)In addition, he gave $500,000 towards the Cathedral of ST. John the Divine, that sum only including the year 1892. Andrew Carnegie, another philanthropist, was a generous funder of libraries, as he was an avid reader himself. A grand sum of 5 million was donated to the New York Public Library, and it’s even said more than 2,800 libraries have opened with his support.

In the 18th and 19th centuries, the captains of industry, more popularly known as robber barons, controlled big businesses, but through unethical, cut-throat ways. Robber barons were the wealthy citizens who owned successful businesses which used tactics that kept them on top, and there competitors below them. These tactics included, trusts, pools, and holding companies, which were all forms of monopolies. There were many individuals who qualified as a robber baron, but three of the most well known are Andrew Carnegie, John Davidson Rockefeller, and John Pierpont Morgan.

He states “The productive prowess of the salve plantation was the driving force behind the commercial booms” (Blackburn, 398). Also the details that he provides in his book, Blackbum has some good points to back up his statement. It is the how economy functions, supply and demand, so we introduce a product to consumers and if they like it, there is a greater demand generated for that particular product. In this instance there was a high demand for plantation products and since technology was not yet advanced, the plantation owners relayed on slave labor, more slaves leads to larger output which leads to bigger profits. According to Blackburn the different slave plantations spread from Maryland to Sao Paulo. He further elaborates on the

According to What Isn’t for Sale, Michael J Sandel states that a special condition that almost everything can be bought and sole happens in our lives. In addition, he explains several actual instances. In Santa Ana, the nonviolent offenders can buy a clean and single jail cell. Moreover, a single mother in Utah was paid $10,000 an online casino to install a permanent tattoo of the casino’s website address on his forehead. These two examples just only the tip of the iceberg. After Sandel states several examples, he begins to talk about the history of marketing. At the beginning of marketing, it was a best way to exchange the product we need , which enjoyed unrivaled prestige. However, because of the greed, led to irresponsible risk taking. Therefore,

A global organization is an international alliance that involves many different countries. A global organization produces and sells its products across the globe or to the different markets in different countries. One of the well known global organizations is the Apple Company. Apple Company produces many great products. One of the well knew products its iMac. iMac is a version of Macintosh which is Apple’s computer. It is a low cost version. It was designed with a target of those people who have never had a chance to own a personal computer. Besides, it indented to win back the people who had previously uses Mac computers. It was released in the mid of August 1998. Initially, it had a translucent case, well colored, with a 233 MHz processor. When Apple made this iMac product, it had an objective to increase the number of personal computers to their customers.

The first analysis which was made for the project is SWOT analysis (Figure 1). It gave us the opportunity to find out which strengths and weaknesses Coss Company has and which opportunities and threats it can face. Moreover, the SWOT helps to find the right way in planning our steps and future strategy. We found out that they have a lot of advantages which not all the companies could have. For example, the Coss Company is small so it can easily make good relationship with its customers. They also work on delivering the products swiftly and efficiently to the customers, which makes the company more reliable.