Questions: Take detailed notes from the reading about the ways in which Carnegie was a Captain of Industry (Bullet-points are fine). Andrew Carnegie was a successful businessman and industrialist who made significant fortune in the steel industry known for his innovative techniques and methods for producing steel, which allowed him to significantly reduce costs and increase efficiency in his factories believed in the principle of "vertical integration," meaning he owned and controlled every aspect
How did he acquire his wealth? He acquire his wealth by being a self-made man, that revolutionize the car industry in the 90’s. How he (or his related industries) treated workers? Ford manage to lowered the cost of manufacturing, while providing a wage correspondent to more than double of the previous average. He is known for the “skilled workers who earn steady wages.” But like most industries of the time, employees had severe health problems cause by the repetitiveness nature of the job and work
The men that built America as they are called, are in fact Captains of Industry. Without them America would not be what it is today, the jobs they created and the things they invented helped make America a world power. Carnegie gave away almost his entire fortune before he died. Which was $350 million, in today’s money that is $13.7 billion. The captains of industry helped create thousands of jobs which allowed more people to work. Without this kind of advancement from these men’s multiple inventions
The industrialists were captains of industry. I think this because they benefit our society and moved our economy. First, they were captains of industry because they overall benefitted our society. The competition they engaged in drove down prices for consumers. They created economies of scale that were beneficial to the country as a whole, allowing things like the building of the transcontinental railroad. Furthermore, they were major givers of philanthropy. Carnegie built thousands of public
in the world. This was the result of monopolies capitalizing in America. Industries were booming; however, the common people were suffering greatly. The men behind these monopolies, incorrectly known by many as captains of industry, are more accurately known as robber barons. While this remains true, the business men of the Gilded Age were captains of industry to an extent. One of the most prominent captains of industry, Carnegie, donated a large sum of money to charity at the end of his life
Three captains of industry in the late 19th century were Cornelius Vanderbilt, Andrew Carnegie and John D. Rockefeller. These business-savvy, innovative young men constructed a vision for a modern America and transformed their empires and industries in oil, rail, steel, and shipping. All three men accumulated immense fortunes and helped the United States become an industrial and economic power. All of them began working at a young age. Cornelius “Commodore” Vanderbilt started working at age
The Captains of Industry were certainly one of the most important factors in the development of United States in the period directly after the Civil War. While there is some merit to the argument that the industrial leaders were Robber Barons that did more harm than good, their contributions to American society clearly outweigh those negatives. The Captains of Industry quite literally revolutionized the American way of life that gave the U.S. the highest standard of living in the world prior to the
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. One example is John D. Rockefeller
Not to mention the various acts of philanthropy he underwent after the prosperous reign he had as a business man. Carnegie was a captain of industry because he gained a supreme amount of money and affected the United States in a positive light, paving the way for future business moguls. In his lifetime, Carnegie was responsible for greatly improving the steel industry, including its production. He managed to
“Much of the blame heaped on the captains of industry in the late 19th century is unwarranted.” (Document F). The Gilded Age was a time where the U.S. economy grew very quickly and rapidly, due to the inventive minds and entrepreneurs of that time; but it has different perspectives of opinions in history today. This era led the U.S. to its state and place in the present world, thanks to its important contributors, (who are involved in the main debate of whether they were robber barons, unethical
The men who built America are viewed today as either “Robber Barons” or “Captains of Industry”. According to dictionary.com a Robber Baron is “a person who has become rich through ruthless and unscrupulous business practices. A Captain of Industry is “a business leader whose means of accumulating a personal fortune contributed positively to the country in some way.” These men are Robber Barons rather than Captains of Industry because of the unfair ways they got to the top, the cruel ways they treated
successful industrialists who came and changed the course of things. Industry became a part of the society and changed the way people live and made some new advancement which made the life of the people easier. Some wealthy individuals arise to the top by making contributions to the society and opening their own business’s to benefit the whole society. These industrialists of the 19th century are best regarded as the captains of the industry. They made many changes to the society which we are living off
rags to riches through his hard work in the steel industry. He was an industrious leader who helped in transforming the American economy with his business strategies, which was shown later by his success, and then also demonstrated his philanthropy by donating millions of dollars for the betterment of society. Although it can be argued that he was a robber baron who unjustly pushed himself to the top, Andrew Carnegie was truly a captain of industry, as he positively contributed to the country in many
between a captain of industry and a robber baron. A captain of industry brought an advanced, modern economy. They might have done a few shady acts, but people can look past it. A robber baron can be considered as thieves because of the way they gained money by destroying other companies. Many could say these millionaires are both. I believe these philanthropists are more of a captain of industry than a robber baron. Rockefeller, Carnegie, etc. were very successful captains of industry. I think
separate companies as one large corporation to gain dividends on profits earned. Nevertheless, these were not legal mergers and Rockefeller used this to gain control of the oil industry of America. Once he controlled the market, prices rose far above original levels. Critics
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
Topic: Should Andrew Carnegie be described as a “captain of industry” or a “robber baron”? Abstract: Nowadays, there still exists lots of controversial comments towards Andrew Carnegie. Some of them hold the view that Andrew Carnegie should be described as a captain of industry while others contend that he was only a robber baron. As far as I am concerned, Andrew Carnegie, known as the King of Steel, built the steel industry in the United States, and in the process, became one of the wealthiest
eventually monopolized the oil industry. This prompted an exceptional result of him leaving a successful impact on the American industrial revolution. Throughout numerous periods of time it has been frequently asserted by other parties that John D. Rockefeller was in fact not a captain of industry,but instead was distinguished as a robber baron. However, there is a countless quantity of evidence to distinctly prove that John Davison Rockefeller is in fact a captain of industry that left a highly
That Chink at Golden Gulch (Film 1910) It is one of the D.W. Griffith’s one-reelers made for Biograph which deal with “other race” subjects, this time the protagonist being a Chinese. Charley Lee (Anthony O’Sullivan in yellowface), “the poor chink” (according to the “Biograph Bulletin”), works at miners’ hamlet Golden Gulch as a laundryman (of course!). His old father returns to their homeland, the “Flowery Kingdom.” Before leaving, the father warns the son not to cut his pigtail, considered a sacred
Although many citizens viewed capitalists as “Captains of Industry,” they can also, just as easily, be seen as “Robber Barons.” Even though railroads were beneficial to society, they were not without corruption, as shown by the Credit Mobilier scandal. This was a railroad company that paid itself huge sums of money for small railroad construction. In fact, it received twenty-three million dollars in profit. Moreover, the railroad industry could be seen as completely insincere and dishonest because