Second Industrial Revolution: Cornelius Vanderbilt, John D. Rockefeller, JP Morgan

Decent Essays
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

Related Documents

  • Improved Essays

    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”.…

    • 534 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    The powerful Industrialists of the gilded age are often negatively connotated, due to the deceptive behavior and questionable activities that they are known to have partaken in. Four notable men of this standing were John D. Rockefeller, monopolizer of the oil industry, Andrew Carnegie, in the steel industry, J.P. Morgan, a financier and banker, and Cornelius Vanderbilt, who was wealthy and powerful in the railroad industry and built the Transcontinental railroad. Although they were in many ways corrupt, these men were all very powerful and skilled businessmen, as well as being charitable people. They were credited with the transformation of America's Industrial and economic functioning, so it is often debated whether they should be remembered…

    • 361 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Latin America Dbq

    • 557 Words
    • 3 Pages

    During the time of the industrial revolution, many factories were built and they created job opportunities which led to the result of millions of immigrants entering our country to work in the factories. Not only was there an increase in population, but many businesses and factories started popping up everywhere. Factories of textile led to the great railroads around the…

    • 557 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    The Second Industrial Revolution affected the North, South, West, and Midwest in many ways. It affected the regions socially, politically, economically, etc. The North had lots of immigrants come in for industrial jobs, which then increased the population. The South had many social issues, the biggest one being race. Many African Americans left the South to escape discrimination and to work in factories in the North and Midwest.…

    • 200 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    Eastman, Morgan, Rockefeller, and Carnegie were all Captains of Industry because they were philanthropists. In the 1900’s, these men donated millions to billions of dollars to many things making them great philanthropists. Eastman supported dental clinics for children who could not afford treatment, meaning that Eastman helped the less fortunate children. He also, generously, gave money to the Eastman School of Music. Eastman donated over $30 million to the Tuskegee Institute of African American students and the medical school and hospital at the University of Rochester.…

    • 246 Words
    • 1 Pages
    Improved Essays
  • Decent Essays

    The American Industrial Revolution was a changing of the guards in American history. Manufacturing was the new giant that carried the US economy. Manufacturing was made up of many money making industries during that time period. This investigation will be focused on the oil industry and the man who controlled it : John D Rockefeller. The scope of this paper will be revolved around Rockefeller and the impacts that he produced in this time period.…

    • 200 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    The period of rapid growth after the Civil War was critical for how we live today. There were many people moving west. Meanwhile, in the east, many factories were booming. A big industrial revolution for America. There were many new inventions during this time period.…

    • 617 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    The Post-Civil War Era

    • 631 Words
    • 3 Pages

    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.…

    • 631 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    1. What were the most significant changes in America because of the Industrial Revolution? One of the biggest changes in America that came to be because of the American Revolution was the explosion of the railroad industry. The immense amount of railroads built and operated in the American Industrial Revolution created jobs in many departments, as well as skyrocketing demand for lumber, steel, and leather, thereby growing all of those industries as well.…

    • 473 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Throughout history, there were multiple times where leaders, kings, and the people asked the question of; what’s worth fight for? Even in today’s world leaders and normal every day people ask this question at least once in their lives. Although we still ask this question, back then, it had more significance to the people and leaders. For them, the freedom of slavery, independence and the beginning of industrialization was worth fight for to them.…

    • 823 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The Gilded Age was a time period in American history when the economy exploded with railroads and big businesses with the help of: Andrew Carnegie, John D. Rockefeller, and J.P. Morgan. These three were some powerful individuals that helped the economy shoot up. Carnegie helped with steel, Rockefeller with oil, and Morgan with banking. They all were captains of industry in their own way and they all played a big role in revolutionizing the way things currently function. Although some of their methods weren’t great, the effects of their changes helped a ton of people and had many positive outcomes.…

    • 1032 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    The Industrial Revolution was a time period in which America grew and developed. John D. Rockefeller was the owner of the Standard Oil Company. He created a monopoly with his business, which made him a robber baron. He was also a major philanthropist, donating millions of dollars to different charities, which also made him a captain of industry.…

    • 436 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    The Rhode Island mills had shrunk by one third of from its peak of employment in the 1920s (Buhle 50). In addition to the ups and downs in the Industrial Revolution, The Civil War actually helped with making more industries which created a larger Revolution. The Civil War was the fight between slavery and freedom. Between the confederates and the union. “ After the civil war, New England became highly industrialized, and the number of french canadians increased notably,Growing from 103,000 in 1870 to more than 200,000 in 1800, 365,000in 1890 and 573,000 in 1900”(Ember 292).…

    • 1034 Words
    • 5 Pages
    Improved Essays
  • Great Essays

    Beginning in the early to mid 1800’s the United States started to experience a flow of immigrants settling in the urban United States, and the rapid immigration went on to continue for the next few decades. The circulation of people and the Market Revolution had an enormous impact on the United States in various ways. These events during the nineteenth century brought many benefits to the American economy such as increased production of goods, the creation of new technologies, and higher employment rates. As a result, the United States economy experienced large growth during the urbanization of America, as well as during the Market Revolution.…

    • 2403 Words
    • 10 Pages
    Great Essays
  • Improved Essays

    The Industrial Revolution wasn’t actually wasn’t as wonderful as some might think. The Industrial Revolution in the late 1700’s to the late 1800’s was where industrialization spread and many new inventions were created. While some might argue that industrialization had primarily positive consequences for society because the standard of living improved, financial opportunities were created, and a plethora of inventions were created, but it actually was a negative thing for society. Industrialization’s negative effects were deplorable working conditions for low pay, poor relationships between families, and an abundance of child labor.…

    • 1262 Words
    • 6 Pages
    Improved Essays