Both Carnegie and Rockefeller ran their businesses like empires; whether they were“robber barrons” or “captains of industry” their success made an impact on the annals of American history. Through…
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.…
Individuals as such are intelligent and are praised because so and are looked up to in society; while ones that acquire fame and greed are not. One of the major benefits that Rockefeller, a person who was known as a “robber baron” contributed to society is his donations. By the time of his death in 1937, Rockefeller donated over $506 billion dollars in multiple…
"The Myth of The Robber Barons" by Burton W. Folsom, JR. is a very distinct story talking about the early American entrepreneurs. This story is a good illustration of big businessmen as being beyond America's significance. At the beginning of the story, Folsom portrays two significant types of entrepreneurs; market entrepreneurs and political entrepreneurs. He then begins to mention that "no entrepreneur fits perfectly into one category or the other, but most fall generally into one category" (pg. 1). Thereby, according to Folsom, “Political Entrepreneurs best fit into the classic robber barons mold” (pg. 1).…
Significant controversy over the question if the big business men of the late nineteenth century were “robber barons” has been widely debated by historians. Notably, Howard Zinn (yes) and John S. Gordon (no) have documented their reasonings behind their opinions on if the big business men truly were “robber barons” or simply “captains of industry”. Most significant was Howard Zinn’s argument that they were robber barons based on how they treated workers, as well as the issues of scandals, bribery, and corruption. The workers were met with terrible conditions and treatment from the impersonal business men they worked for. Scandals, bribery, and corruption put more money into the pockets of these big business men in an unjust manner.…
William Williams was born on April 23, 1731 in Lebanon, Connecticut. He was a Selectman for twenty-five years, served the provincial and later state Legislature for nearly forty years-during which time he was councilor, member, and Speaker of the House. He was appointed by the Connecticut Assembly to become a delegate for the Second Continental Congress after Oliver Wolcott fell ill. Even though he didn’t make it in time to Philadelphia to take part in the debates and cast a vote for the Declaration, he made it in time to sign the Declaration when most of the delegates did.…
ANALYZING THE LIFE OF CORNELIUS VANDERBILT Yaran Zhang Student #: 220 RedID: 816353168 Introduction To understand the evolution of business in America, one must first analyze the great men and women that heavily contributed to the sector. The book “The First Tycoon: The Epic Life of Cornelius Vanderbilt” by T. J Styles looks at Cornelius Vanderbilt, one of the greatest historical figures in business, analyzing his success, struggle, contributions, and overall life. Almost all trade moguls and tycoons have admitted that Vanderbilt was one of the few men that made tremendous impacts to the American economy by heavily influencing the transportation sector. Vanderbilt story embodies the American dream where an individual rises from nothing to greatness.…
Andrew Carnegie was an important United States businessman in the late 1800's and early 1900's born in Scotland in 1835. At age 13 he immigrated to the United States with his family looking for better opportunities. Carnegie found the idea of the Bessemer Process and decided to expand on the idea to make steel in a faster less expensive way. With his ideas the United States was able to expand. Although his ideas may have made a change how the United States industrialized some of his business tactics were not as good.…
William Appleman Williams’ essay The Tragedy of American Diplomacy centers around America expansion, and the idealistic and economic motivators which inspired it. Williams frames his narrative with his critique of the idea that expansion was one of the main ways in which America could extend its virtues throughout the world, and create a new era of peace. He decides the true tragedy of American diplomacy is that actions undertaken in the name of humanitarianism, self determination, and peace actually work in opposition to those ideals and instead turn the United States into an oppressive force abroad. While the United States may have desired to help others, they believed the only way they could do so was if they maintained authority over the nations they helped. The reason this occurred, Williams argues, is because expansionism has a large role in American mythos but both policy makers and citizens refuse to reconcile expansion with the idea of becoming an empire.…
According to Carnegie, wealth can be distributed in three ways, first passing it down to the following family generation. Carnegie’s opinion on leaving money to the family was not a wise choice not just because the family may not be deserving of the money or it being a sense…
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.…
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’…
“The Myth of the Robber Barons” by Burton W. Folsom, Jr sheds a different perspective about early entrepreneurs in early America. The book portrays some key entrepreneurs as the reason for economic growth of the United States and America’s greatness. It also argues the misconception and mislabeling of “Robber Barons” of the 19th century. People named “Robber Barons” had a negative connotation attached to their name but Folsom argues that Robber Barons tremendously helped America and have been greatly misconceived. He dives into this criterion in seven chapters in his book that we will discuss.…
Andrew Carnegie was a very creative person because he came up with and idea to start and oil mill. The company started to grow rapidly. According to (document 5), Andrew started mills in Pennsylvania and Michigan that became very successful, and he was producing over 90% of the nation's oil. That is a crazy percentage of people. He was creative enough to come up with an idea with little competition and work his company to the top.…
William Wilberforce was born on August 24, 1759 as the only son of Robert Wilberforce and Elizabeth Bird. His father was a wealthy merchant. As young child he was mostly unwell and had poor eyesight. He gained his early education from Hull Grammar School. His father’s died in 1768.…