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.…
As the years past after the civil war between the Confederates and the Union, the United States prospered as new inventions would be created and help the states become more industrialized. But also it created some of the richest people that would later basically rule the United States with their capability of bribing/buying their representatives and being able to have more money than the government. These people who became the richest person during their own time period were Cornelius Vanderbilt, Andrew Carnegie, John D. Rockefeller, and JP Morgan. The inventors had a huge impact from changing the ways to how everyday life would be and how it would be done. The major components of the second industrial revolution that helped the economical…
Three men, John Rockefeller, Andrew Carnegie, and J.P Morgan played major roles in changing America. However, these men were great rivals. One was always trying to outsmart the other or buy another one out. Individually, each wanted to be named the wealthiest in the world. Each of them were amongst some of the wealthiest, if not the wealthiest during that time.…
They are the most influential and wealthy of all the men of their era, having all the qualities it took to rise in the world that they lived in. These men include Andrew Carnegie, John D. Rockefeller, Jason “Jay” Gould, John P. Morgan, Jay Cooke, and Collis P. Huntington. Andrew Carnegie, a Scotsman who came to Pittsburg, Pennsylvania with his family of weavers, is renowned for his steel business. However, he started his career in a basement, as a bobbin boy. Eventually he worked himself up to the point where he obtained a job as a telegraph clerk working for Thomas Scott, the superintendent of the Pennsylvania Railroad.…
A few of the most giving market entrepreneurs were Andrew Carnegie, James J. Hill, John D. Rockefeller, and Cornelius…
Reading about Andrew Carnegie I got to learn more about the Gilded Age as well as the American Society during the time. Coming from a small house in Scotland to making 23 million dollars a year, Carnegie made the American dream a reality. Growing the steel industry to being bigger than any other company, Carnegie provided jobs and built foundations off his industry. Doing this Carnegie believed in Social Darwinism and felt that the working class was meant to stay poor. Underpaying his workers and favoring against Labor Unions didn't make him popular to the Lower Classes causing riots and strikes in the industry.…
Businessmen who find success must treat their employees well and have good relationships with rival companies. Morris indicated John D. Rockefeller did this the best. What also made him unique was the way in which he understood distribution. Rockefeller personally started many of the relationships with the purchases his company made and eventually helped with the merger as well. Rockefeller was able to guide his company in the direction he wanted it to go rather than having someone under him give off a reputation he did not intend.…
The Captains of Industry, to some, are considered amongst the first men to “build” the America we live in today. In my opinion, that is exactly what they are. Rockefeller, Vanderbilt, Carnegie, and J.P. Morgan were innovators, but above all they were businessmen. Although most people see them as “robber barons”, the things they did was to some point for their personal wealth as well as for the good of this country. What most people don’t see is that what they did played an enormous role in developing America.…
Generally recognized as the “Second Industrial Revolution after the Civil War, the era lasted around 1870-1914, a time when America’s economy considerably grew. During this time, American manufacturing production considerably grew, railroad miles tripled, and production in coal mining and steel boomed. The industrial transformation during the post-Civil War era provided many consequences, both costs and benefits, ultimately developing America’s economy. The industrial revolution during the post-Civil War era gave many benefits.…
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.…
The Gilded Age, from 1860s-1900s, is considered a time of economic growth, industrialization, and wealth. Slavery had ended after the Civil War, and factories and machines were replacing the farms. Like all things gilded, under the bright, shining facade of the Gilded Age, there were darker things hidden beneath. Greed, corruption, and poverty were prevalent everywhere, without having to look far to find it.…
The shift to manufacturing created a new social order: the economic elite, middle class and working class. The market revolution brought some improvements to the lives of the working class but were more beneficial to the middle and elite classes. The development of the transportation system as evidenced with the steam locomotive and development of canals meant that America could have easier access to have their goods exported to other countries which would increase the income for the new land. The expansion of the textile industries provided a large market for cotton and was expanding. As the wealth of the new nation grew, the nation began to enjoy more of the benefits of things the other nations also offered that had once only been a privilege of the elite.…
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.…
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’…