Robber Baron Negatives

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In the gilded age of 1890’s and the early twentieth century. Four men had a negative and positive impact on the twenty-first century. John D. Rockefeller, Andrew Carnegie, J.P Morgan, and Cornelius vanderbilt were called robber barons. Robber barons were people who took over the economy by doing anything possible to take over. They did things like monopolizing railroads, banking industry , oil, and steel industries. John D. Rockefeller was an American businessman and philanthropist. He was born on a farm in New York-but moved to Cleveland, Ohio during the late 1850s where he became a successful businessman. As the years went by” he began to notice the oil industry” and he became interested. He lived in Cleveland which became a regional hub…show more content…
Carnegie had his first job at the age of 12 working in a cotton factory, but still was smart enough to know that he still needed an education. He continued to go to highschool. At the age 14 Carnegie became a messenger boy in the local Pittsburgh telegraph office. His help was needed by Thomas A. Scott, the superintendent of the western division of the Pennsylvania Railroad. So Carnegie became his secretary. He became a philanthropist when he donated much of his money to good causes. He bought shares in the iron mills in factories that made sleeping cars and locomotives. He also was a captain of industry and invested in a company that built railroads and bridges . Carnegie has a university in chicago called university of chicago, as well as Carnegie Hall in New York City. Carnegie also formed a huge monopoly after he took over the steel industry. At the age of 30 Carnegie started his interest in the steel industry. With his interest in the steel industry Carnegie had amassed business interest in the iron works industry. He had built the largest steel corporation in the world. After this his philanthropic business career had begun around 1870. Even though Carnegie supported myriad projects and causes he is best known for his gifts of free public libraries buildings.Carnegie's steel had started off cheap. Suddenly bridges and skyscrapers were not only…show more content…
Vanderbilt was an american business magnate and philanthropist who built his wealth in railroads and shipping. He also had a university called vanderbilt university. He began to engage in boating. When he was young he developed a love for water and quit school and started working for his father. Once he turned sixteen he persuaded his mother to give him $100 dollars for a boat. After getting himself a boat, he wanted to open a transport freight services between New York City and Staten Island. The War of 1812 created new opportunities for expansion, and Vanderbilt received a contract to supply the forts around New York. The large profits from this allowed him to build a schooner which traveled over Long Island Sound and two more vessels for the coastwise trade. By 1817 he possessed $9, 000 besides his interest in the sailing vessels. In 1818 vanderbilt turned all his interest into steam boats. The War of 1812 created new opportunities for expansion, and vanderbilt received a contract to supply the forts around new york. By 1829 Vanderbilt had decided to go on his own and move he and his family away to New York City. When he got there he took his accumulated $30,000 and entered into the competitive service between New York and Peekskill, where he had the first of several encounters with Daniel Drew. Vanderbilt won this battle by cutting rates to as low as 12½ cents. This change forced Drew to
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