Carnegie, who was a believer of Social darwinism, which was a belief held by many that stated that the rich were rich and the poor were poor due to natural selection in society. This was the basis of many people who promoted a laissez faire style of economy. He believed if you worked hard, you could be successful. He believed that a man of wealth should set modest examples and help those in need (DOC E) Carnegie donated more than 150 billion of dollars for libraries, colleges and concert halls. The high population density of the early twentieth century put pressure on fragile infrastructures and demanded insight from urban planners and politicians.
The Gilded Age was a time of good and bad economic growth. In America during post civil war times, years 1870 to 1900, the nation was prospering on the surface, but was corrupt underneath; large businesses took control of the economy, changed society, and influenced politics nefariously. By the end of the nineteenth century, monopolies and trusts exercised a significant degree of control over key aspects of the American economy. Carnegie used vertical integration to take over the steel industry. He then set up a mega trust with Rockefeller, who was in the gas and oil industry, JP Morgan, who was a banker, and Vanderbilt, who was high up in the railroad industry.
The public now trusted Sinclair, but he was able to use his newfound power as a muckraker to reveal corruptions in society and was able to help the common man's life to be a little easier. Through passage of bills such as the Pure Food and Drug Act, much of the New Deal legislations, and reform in many factories, Sinclair was effectively able to create a better society than the one he was born into. Sinclair’s childhood in poverty allowed him to empathize with regular workers, gave him motivation to help end poverty through politics, and even to continue his efforts after he gained some wealth and power. His sense of justice for the common worker and all those suffering due to poverty overarched many of his works and is seen even in many of his personal letters. After the publication of The Jungle, changes has been made to help protect citizens from diseased meat, but Sinclair still thought that more could be done to make the industry titans more reliable.
These laws that have been created is beneficial to the rich. The ones responsible creating these policies are the ones who want the lower class to suffer to gain money. Peace is granted to the upper class because of the power they have ignoring the poor. The state needs wealthy allies to become powerful and richer which the laws that are created limit the poor having no access to
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. Coming with a successful business is people trying to find faults in your greatness.
Name of Industrialist: Andrew Carnegie (Steel Company) How did he acquire his wealth? Carnegie frequently recognized as one of the wealthiest person ever. He made big bucks from oil business. He also led the growth of the American steel company in the late 19th century. How he (or his related industries) treated workers.
Instead of the rags to riches story, Morgan, born into a wealthy family, was given the financial world to conquer. “He financed railroads and helped organize U.S. Steel, General Electric and other major corporations while using his influence to help stabilize American financial markets during several economic crises.” Like most wealthy business men at the time, Morgan “had too much power and was accused of manipulating the nation’s financial system for his own gain.” Overall, Rockefeller, Carnegie, and Morgan all built businesses for struggling industries in order to save the nation and help themselves succeed. Capitalism, America 's new economic system, depended on competition and played a huge role in the overall process. During this era, industries became so powerful that it had no competition and could charge whatever it wanted and have no incentive to produce cheaper, better products. This, along with other business practices, although not all practical or honest, is what allowed our nation to
I categorized Andrew Carnegie a Captain of Industry after learning of his philanthropic views and actions. Carnegie not only obtained a wealth from working hard and wisely investing but used most of his fortune to make a difference on the world. Carnegie own words categorize the essence of generosity and kind hearth. I cannot disagree with him when he stated that “The man who dies thus rich dies disgraced”
The first man is Cornelius Vanderbilt who was a successful business man his entire life. At age 16, he bought a ferry boat with a loan and it quickly turned into a fleet of ships transporting goods and people across the country. He eventually built the largest shipping empire in the world and was nicknamed “the commodore”. Right before the civil war, he sold all of his ships and invested everything in the railroad because he believed the railways were the future. At the end of the civil war in 1865, Vanderbilt was the richest man in America with a net worth of $68 million.
Though its interpretations and understanding of its details vary, there were some broad fundamental agreements. As mentioned above, the Sophists have questioned all the accepted customs and conventions. They have insisted on being critical and thinking logically and through their critical engagements have attempted transforming the old conceptions of the world, human destiny and meaning of human life and even questioned the very sanctity of holding such grand