I would define men like Rockefeller and Carnegie as “Captains of Industry”. Rockefeller's impact on the American economy demands recognition. He took advantage of the loophole in the Union draft law by purchasing a substitute to avoid military service. In the 19th century. Rockefeller introduced techniques that totally reshaped the oil industry as Kerosene and how can crude oil be converted to it.…
George Eastman and Andrew Carnegie were captains of industry because they were leaders of their industry and philanthropists. George Eastman was a leader of the industry photography and cameras, and made taking pictures much easier. Eastman learned the wet plate method for taking pictures that had been used for many years, which required a lot of equipment. He thought that there had to be an easier way to take pictures. So Eastman studied the method the British were doing which was using a gelatin emulsion on the glass plates that could be used after it dried.…
Andrew Carnegie, John D. Rockefeller and Cornelius are considered to be the three businessmen who generated big business and tremendous wealth. With steel, oil and railroads being the drive force of the Gilded Age, was modern corporation the start to these massive corporations at this time? Janelle, you mentioned that Andrew Carnegie created the growth of the steel industry and he used certain methods to transform the industry. Did other successful business also follow Carnegie's methods or did they use other techniques to stay competitive? After reading the chapter, it is amazing to know that these three powerful businessmen created the foundation to the 2nd industrial revolution of how to run and do business.…
Captains of Industry have passed around and spread their Generosity throughout society by donating 500 million plus dollars towards a variety of places all together. They have also created jobs which provides opportunities for the people to move up in the social system. By expanding in business and running the railroads/factories Captains of Industry have taken the lead in society and are our future of…
George Eastman, J.P. Morgan, John Rockefeller, and Andrew Carnegie were captains of industry. Eastman, Morgan, Rockefeller, and Carnegie were all captains of industry because they all gave back and donated money, each of these four men donated money or items to business, charities, and founded their own schools or business. George Eastman was a very generous man and gave money to schools, businesses, and even gave away scholarships/internships to M.I.T which stands for Massachusetts Institute of Technology. Also with those scholarships/internships he also gave M.I.T a gift of 20 million dollars. Eastman also gave Rochester Dental Clinic $2.5 million and promoted and developed a hospital and school at the University of Rochester.…
Morgan. The sale earned him more than $200 million. By the age of 65, Carnegie decided to spend the rest of his days helping others and giving to many charities. He donated about $5 million to the New York Public Library so that the library could open several branches. Then he established the Carnegie Institute of Technology in Pittsburgh in 1904.…
Andrew Carnegie was an American industrialist who made a fortune in the steel industry and became a major philosopher. Carnegie hires a hatchet man, Henry Frick, to help him reach his goal of besting Rockefeller and the Steel Industry . Henry and Carnegie met at New York while Frick was on his honeymoon. Henry Frick was an American industrialist and a financier. This partnership seems hopefully but Henry was pushing the workers to a breaking point.…
Andrew Carnegie, a self made millionaire stated “the man who dies thus rich dies disgrace” (Carnegie). The inspiration came from his belief that men like him held a great responsibility to contribute their wealth for the good of mankind. In his essay “The Gospel of Wealth” he emphasizes on how millionaires should spread their wealth even by leaving a positive impact in the world. However his main concern is how wealthy man should contribute to society when they’re alive.…
Carnegie paid his workers only about $1.81 when they worked for about 10.67 hours, which was one of the highest paying job in manufacturing. Whereas, Carnegie statistically made $9,200 ($92,000 as of today) every hour (Doc I). Also, during the Homestead Strike, Carnegie knew something bad was going to happen but ran off and left his Vice President Henry Clay Frick who used methods that were horrible to get what he wanted (Film).The relationship with his workers is a good reason why Andrew Carnegie wasn’t a hero because even though the pay for the workers were alright, they were working in horrible conditions; it was all hot, loud and gas was given off. He earned a lot of money and didn’t raise their wages for all their hard work but decided to slowly lower it for his own profits. When the laborers went on a strike to get a union, they blocked the company, not allowing anyone to go back in to continue working.…
In the late 1800’s, America experienced a new time of advances called the Industrial Revolution. This time period changed the way people worked and lived. Factories lured people off their farms and into cities. Many entrepreneurs emerged from this time period, leaving behind a mixed legacy. John D. Rockefeller had a mixed legacy, like many other entrepreneurs of his time.…
Andrew Carnegie believed that it was the duty of the wealthy to help the poor. His idea of help came in the form of opportunities “to help those who will help themselves.” The wealthy would provide opportunities, not direct aid, to the poor; these opportunities could take the forms of “free libraries, parks, and means of recreation by which men are helped in body and mind; works of art, certain to give pleasure and improve the general condition of the people.” However, these opportunities did not really help the poor.…
Ch17. The Rise of Industrial America, 1865-1900 ~ By 1900, U.S. leading industrial power by a combination of factors : * Natural Resources (coal, iron ore, copper, lead..) * Labor Supplies (immigrants)…
The Industrial Revolution, occurring from 1760 to 1820, has permanently transformed the world, shifting it from manual labour into manufacturing; into a market-based economy. The Industrial Revolution birthed capitalism and its affects are still present today. A phenomenon this impactful has caught the interests of many economists, two of which being Adam Smith and Karl Marx. The two have very different opinions, with Smith arguing that the Industrial Revolution occurred because of a division of labour, every worker focussing on one specific task, and Marx arguing that machinery itself is what caused the Industrial Revolution. This essay will discuss their opposing views and compare Adam Smith’s An Inquiry Into Nature and the Causes of the Wealth of Nations – or The Wealth of Nations as it will be further referred to in this essay – with Karl Marx’s Capital.…
Although it is argumentative that some entrepreneurs of the mid-nineteenth century deserved to be crown Captains of Industry or labeled as Robber Barons, John D. Rockefeller should have been honorably regarded as a Captain of Industry due to his account on strengthening the U.S’s economy by investing in blooming American industry and becoming one of the most respected philanthropist. At the same time, his fellow businessman, Cornelius Vanderbilt was suitable of the title Robber Barons for his hated reputation and lack of charitable efforts. Post-Civil War, the United States experienced with economic boom in which business leaders dedicated themselves in ensuring the government to be kept out of their businesses. In fact, the United States’…
It seems to me that someone must do the dirty work and the difficult jobs that the benefactors are certainly not taking part in, yet Carnegie tells men to aim for the highest. In some ways it seems as if he is trying to hold society as a whole to a higher level by telling the men of the lowest tear to work towards their goals and achieve greatness. I found Carnegie to be a combination of persuasive and self-serving. In many instances his writing seemed to speak to a certain audience one that has the money to make change and the possibility transform society as a whole. However at the same time in was self-serving in that his speech really is not directed towards everyone.…