When a man named Andrew Carnegie, a lucky refugee among the “25 million” (McNee, Immigration) immigrants coming from the European countries to the United States in hope for liberty and jobs, he then later became one of the richest man in the world and revolutionized the American’s industry by invested all his fortunes into the steel industry. Because of his idea of “hard-driving” (McNee, Industrialism) way of labor, Carnegie doesn’t want to replace his old equipment at the steel mills for a new one; instead, he drives the equipment to produce until it exploded as it will reduce costs and is more efficient. Trades and businesses were blooming because of the “Great merger movement” (McNee, Industrialism). When a group of “Investment bankers, like J.P. Morgan & CO.” (Brandeis, 7) had direct access to large sum of people’ money through insurance companies, has joined together; for many investors “lacks the ability, the facilities” (Brandeis, 9) to invest on their own, they need advice from investment bankers. Investment bankers controlled which companies are being invested in which then allowed them to “became the directing power in railroads, public service, and industrial companies”
I believe he is a captain of Industry. What made you categorize your choice as a Robber Baron or Captain of Industry? I believe Henry Ford is a Captain of Industry whose contribution was vital to this country place as a great industrial power. He uses his skills and social position to revolutionize the automobile industry, provide cars in a more affordable price and give his employers better and steady wages. In a time where America’s economy was at its low, much work was necessary to rebuild the economy.
Steel was a much needed resource during the Gilded Age, as railroads were the most popular mean of transportation. Steel was needed for the production of these trains and railroads. Steel was produced using the Bessemer Process, which sped up the production of steel and made the process much easier. The increasing demand for steel also created many jobs, impacted the job industry. Many workers were employed by Mr. Carnegie,
During the Industrial Revolution many business leaders were very successful. American people at the time were controversial as to if these Big Businessmen were robber barons or captains of industry. This dispute even continues into present time. Business men should be considered captains of industry. A captain of industry is defined as “a business leader whose means of amassing personal fortune contributes positively to the country in some way.” Furthermore, a business leader who increased productivity, expanded markets, provided more jobs, or showed acts of philanthropy were considered captains of industry.
Andrew Carnegie also spent his time as an influential philanthropist and donated money towards building educational facilities such as colleges and libraries. Carnegie was the most influential person to American society because he helped build the rapidly growing steel industry, and he donated large amounts of his money towards
Working here taught him much. He learned about the railroad industry and even more about business in general. (Biography.com, Carnegie) He was smart and made investments in the oil business. THis proved to be a wise choice as it soon led to great amounts of profit for him. He eventually left the railroad company and focused his time on the steel business.
The new deal was so impacting and hopeful for the people and is another great example of why people would rank him to be one of the top presidents of the United States. Under Roosevelt’s leadership, Congress passed many bills that created more active roles for government in the economy and in the people 's lives. During the first one hundred days of Roosevelt’s administration, Congress passed the Emergency Banking Relief Act, which stabilized the banks and brought a feeling of reassurance and security to the people using them. The National Recovery Administration, The Federal Emergency Relief Administration and the Agricultural Adjustment Administration, Were also
I believe that Donald Trump should be the President of the United States because he has a lot experience with running a company. He employs thousands of people and has an understanding of what it takes to run a business. Our country needs a President with that type of skill and experience (Long, How many jobs has Donald Trump actually created?). If Trump won the election he would demands high standards in the White House (Vorse, 10 Most Important Reason Trump Would Be A Great President). He would appoint people to his cabinet that are harding working dedicated people and hold everyone to a high standard of work ethics(Marshall, Another Reason My Vote Is For Trump).
The most significant takeaway that I have from this course would be learning information regarding John Rockefeller and Andrew Carnegie. Now, the reasoning behind this is because these two men without a doubt influence the nation more than anyone else during their era and beyond. Furthermore, when looking at each one of these company’s net worth, they easily rival several nations gross domestic profit during this period. Additionally, their businesses employ more people across the country than any other companies of this time. Moreover, once these men reach the pinnacle of the corporate world, each one decides it is time to start giving back to their fellow man.
The Industrialization of America no doubt was a leading factor that turned it into the super power it has become today. America was large enough, had enough supplies, and boosted its American innovators that the Industrialization of the country catapulted it into one of the most powerful nations in the world. This feat was very impressive considering how young the country was at the time and still is today. All of this, however, would not have been possible without the average American worker working the factories and making the goods. From the Civil War to the beginning of Americas imperialistic period, the worker faced hardship and adversity in their lives battling out working conditions or struggling to maintain a living with such unfair
In conclusion, these elite businessmen were ruthless, powerful leaders better defined as robber barons than captains of industry. All of them were in it for the money and only cared to give back at the end of their lives when they didn’t need it anymore. They justified this under Social Darwinism and the Gospel of Wealth, but the general public didn’t see eye to eye on their
Men like Carnegie, Rockefeller and Morgan could be viewed as "Captains of Industry" and "Robber Barons." Some people may see these men as "captains of industry" because they helped move the nation forward with innovation. Andrew Carnegie who was a Scottish American industrialist ended up leading the huge expansion of the American steel industry.He purchased and constructed Carnegie Steel Company which was in Pittsburgh, Pennsylvania.He built a huge bridge across the Mississippi River which was the first time ever a bridge had been constructed out of steel.This sparked the usage of steel for building and construction.John D. Rockefeller led in the oil industry.He was one of the co founders of the Standard Oil Company which had a great influence
During the latter half of the nineteenth century, the American Industrial Revolution sprung up. The steel industry began America’s climb to a global leader in industry. More people were drawn to the booming economy rather than to politics. The American industrial revolution was in full gear, and most men had a hunger for wealth rather than for Congress or presidency. During this time, the railroad became a massive industry, not just for transportation, but also for production building of the railroads.
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. Robber Barons were seen as the portrayal of these big businessmen, as a warlike bandits, cheating and plundering their way to millions. It was any man with wealth over a big corporation that was considered a Robber Baron. But, that is not was a Robber Baron is! A Robber Baron is a ruthlessly powerful U.S. capitalist or industrialist considered to have become wealthy by exploiting natural resources, corrupting legislators, or other unethical means.
The Pacific Bill was very fundamental to the development of America because the railroad allowed Americans travel throughout much of the country. After the transcontinental railroad was created, the Railroad industry grew tremendously. In the 1890’s, America had over 163,000 miles of train tracks. There were also many technological advances. These advances were the agreement on the size of the standard train track, the development of the automatic coupler, and the air brake.