He made his capital by taking opportunities that were given to him. Andrew Carnegie proved more than a few times that he really is the most powerful and influential man of the twentieth century. The progress he made in the steel industry helped shoot up the United States in the Industrial Revolution, and provides the necessary steel for railways and many other steel structures, which are necessary for everyday life then and now. His position against long hours working day, low wages and poor working conditions have opened my eyes to how workers should be treated. His adoption unions have made it easier for other companies to have the guts to unionize.
The John Deere Company was a huge success and still lives on today. It has expanded its expertise in to not only farming equipment but lawn management, construction, and forestry equipment too. The John Deere company was also helped out in the Great Depression. It was known for its generosity.
Stein shares, “My father was the first Stein in all history, as far as we know, to have accumulated any real capital. He did that by getting a fine education at Williams College and then at the University of Chicago. He was a stone genius, and among his many aspects of genius was that he knew that he must regularly convert his human capital - his intelligence and education and connections - into financial capital: namely, savings.” By using this story Ben Stein uses ethos because he is a credible source in the situation. He shares this story in spite of trying to prove a point to his son Tommy, that his grandfather started a very important task in life by working hard and saving while he could in order to be successful and for his family to have the opportunity to be successful as well.
Rockefeller: The Captain of Industry that has helped our country thrive “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 John D. Rockefeller was the richest man of his time but, used his wealth to improve our country. Rockefeller entered the fledgling Oil industry in 1863, by investing in a factory in Cleveland, Ohio. In 1870 Rockefeller established the Standard Oil Company. With the establishment of the oil company Rockefeller controlled 90% of the oil business in America by 1880.
During the early 1800’s, Robert Fulton developed the first commercial steamboat with the aid of Robert R. Livingston. This invention “secured American economic stability and influenced everyday life for over a century”. The steamboat made transportation much for efficient by shortening the time traveled, including that of upstream navigation. While Fulton and Livingston are the primary creators for this innovative invention, they do not deserve monopolies. Fulton and Livingston did however, create and extend a monopoly which the Supreme Court declared unconstitutional because of their excessive control of trade.
Henry Wells and William Fargo became respected businessmen by transporting goods and becoming a bank. In 1849, with gold being found out west, many people needed to ship things cross-country. Henry wells and William Fargo took advantage of this opportunity. The two of them combined their company with several other pony expresses to become an unrivaled leader in transportation to the west (History.com Staff). Once the Continental Railroad was completed Henry and William had an easier time creating a monopoly on shipping goods to the workers and residents of the west (History.com Staff).
A captain of industry can be defined as ¨a business leader whose means of amassing a personal fortune contributed positively to the country in some way.” Andrew Carnegie was an ideal representation of a captain of industry, he was born poor, yet he rose the ranks and became a successful businessman who dedicated his fortune to good causes. Due to his success and innovation in the steel industry and his benevolent donations, Andrew Carnegie was a prosperous businessman who benefited lives across America. Andrew Carnegie furthered the steel industry and brought forward new innovations that advanced technology and market shares for generations. Not only did Carnegie develop technologies, he helped forge new business models.
The United States began to enter a prosperous and increasing period after the civil war known as industrialization. Despite the fact that industrialization led the United States to wealth, it also led it to many social and economic problems during the late 19th and early 20th centuries. During this time, Upton Sinclair and Andrew Carnegie were the people who responded to the economic and social problems generated by industrialization. Andrew Carnegie was one of the wealthy men in America and was very charitable, he impacted the United States with his steel to transform cities. During these economic and social problems generated by industrialization, he responded by providing money to fund charities.
Eastman and Morgan and Carnegie are all Captain of Industry. They are Captain of Industry by being a good leader. Morgan was a good leader by “Created the world’s 1st billion dollar corporation : U.S. Steel Corporation”. Carnegie was a good leader by “ In 1899, Carnegie joined several of his business interests by forming the Cargerie Steel industry.”. Eastman was a good leader by he set up a"Wage Dividend" – an innovation for its time – in which each employee benefited above his or her wages in proportion to the yearly dividend on the company stock.”
As our country reached the late 1800’s, Americans found themselves face to face with era known as the ‘Gilded Age’. Companies were created and grew rapidly during this time period. Some of the most famous entrepreneurs were John D. Rockefeller and Andrew Carnegie, who seemed to be the perfect models for the ‘rags to riches’ story. Many people debate which entrepreneur was a better role-model. Due to his low prices, the high demand for his products, and the way he sought to eliminate any possible competition, John D. Rockefeller is clearly the better role-model for today’s entrepreneurs.
Presidents of Progressive Era During the Progressive Era, America society experienced immense changes in regards to business, politics, ethnic. Taking on the huge responsibilities, the presidents of that period, Theodore Roosevelt, William Howard Taft, Woodrow Wilson, actively worked toward equality and social justice. Following by the assassination of President McKinley, Theodore Roosevelt, at his middle age with an exuberant personality, succeeded to the office. He was a preservationist, a trustbuster, promoting “Square Deal” and food safety policies. However, his major contribution to the era was on railroad regulation which eliminated corruption in interstate commerce.
The Temple of Music was Claus Spreckels’ most expensive gift to his adopted hometown of San Francisco. It was a concession to his son, Adolph B. Spreckels, who served very successfully as a park commissioner and who enlisted many members of his class to improve the Golden Gate Park. The document provides a good sense of the bourgeois male club culture of the era. It also gives insights into the German-American network in San Francisco: Now only was Frederick W. Dohrmann (1842-1914) a successful, first-generation, German-American crockery merchant, and, from 1896, the owner of California’s first department store, the Emporium, he was also a driving force of the German Benevolent Society, the German Altenheim, and served as a park commissioner.
Howard Zinn argues throughout his book that one of the main purposes of the state is to establish long term stability of the system. In the United States during the late 1800 's and early 1900 's, there was a rapid incline in industrialization. This meant more factories were popping up trying to take advantage of the time and pursue their American dream in the realm of free enterprise. In this pursuit however businesses rarely gave attention to the needs of the workers. The end goal was to make capital to invest in capital, so anywhere money could be saved or earned businesses took full advantage of it.
Theodore Roosevelt, the 26th president of the United States is considered one of the best presidents in the U.S.A. for many reasons. He regulated business, contributed to the conservation of the land, protected workforce labor, and improved civil progress in America. Not only did he improve the United States during his presidency but also during his times as a statesman, author, explorer, soldier, naturalist, and reformer. Roosevelt contributed during his time of presidency by regulating business and labor. The square deal was a part of Roosevelt 's domestic program in order to protect and conserve natural resources, business corporations/workers, and consumer protection.