The era of post-Civil War can be described as an industrial turning point for America. From 1875 to 1900, America began to grow in hopes of becoming a world power in industry. Capitalists laid the foundation to help America develop into an industrial power. There is a common misconception that these venture capitalists were corrupt “robber barons” because of how they were able to get away with making millions of dollars and escaping government control. However, based on actions of capitalists during this era, a more accurate characterization of these capitalists would be that of admirable “captains of industry”. They were able to create thousands of job opportunities and build industries that benefited the entire nation. Without these captains and their efforts, there would have been no way to pave the road for America's industries. These captains of industry were overall beneficial for their way of sculpting American industry for the better.
It is to be noted that these captains controlled the industry and without them, America would have had no other alternative to grow. The South had proved that depending on one crop [cotton] was a failure and that the nation needed capitalists’ wealth and power to grow (Doc. B). These capitalists helped every economic class. Just like how the Monarchs had the Divine …show more content…
Jobs at the time were horrible jobs that paid poorly. This can be compared to the medieval times of lords and serfs, as shown in “The Robber Barons of Today (1889)” (Doc. D). However, people still came in huge numbers from faraway places to work at those jobs. Even with the low wages, immigration and urbanization did not stop. The United States even passed restrictive immigration laws, such as the Chinese Exclusion Act of 1882, to keep job competition out. Americans of this era were given many opportunities to work and make something of
It is to be noted that these captains controlled the industry and without them, America would have had no other alternative to grow. The South had proved that depending on one crop [cotton] was a failure and that the nation needed capitalists’ wealth and power to grow (Doc. B). These capitalists helped every economic class. Just like how the Monarchs had the Divine …show more content…
Jobs at the time were horrible jobs that paid poorly. This can be compared to the medieval times of lords and serfs, as shown in “The Robber Barons of Today (1889)” (Doc. D). However, people still came in huge numbers from faraway places to work at those jobs. Even with the low wages, immigration and urbanization did not stop. The United States even passed restrictive immigration laws, such as the Chinese Exclusion Act of 1882, to keep job competition out. Americans of this era were given many opportunities to work and make something of