The Gilded Ages: Captains Of Industry

Decent Essays
In the Gilded Ages, I believe the American business owners were considered both the captains of industry and robber barons. If you were a captain of industry, you were a business owners that had a positive effect on the American economy while being a robber baron meant the exact opposite. Robber barons were business owners that had a negative effect on the American economy. I think there were captains of industry but there were also robber barons. Some robber barons included Marshall Field, Cornelius Vanderbilt, Jay Gould, and Russell Sage. These four wealthy individuals were known as robber barons because even though their businesses brought in fortunes they still paid their workers very little. They made their workers work in poor and dangerous

Related Documents

  • Improved Essays

    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.…

    • 283 Words
    • 2 Pages
    Improved Essays
  • Superior Essays

    Gilded Age Industry Dbq

    • 1345 Words
    • 6 Pages

    Industry DBQ The time period of 1870 to 1900, often called the Gilded Age, saw the rapid growth of corporations in number, size, and especially influence. To fully understand this time period, one must look at the context. Before this time period, the United States had recently ended the Civil War with the Union defeating the Confederacy. The Union was only able to win largely due to the growing industries which were rapidly developing in the North, while the South failed to industrialize greatly and mostly kept to agriculture. For example, the North had over twice the railroad lines of the South which would greatly impact the war as Northern forces could be transported quickly from one area to another.…

    • 1345 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    Robber Baron Dbq

    • 666 Words
    • 3 Pages

    During the late 19th century, the control of industrialists increased substantially. Robber Barons were known as businessmen who robbed people of their money. People such as Andrew Carnegie, who was very successful in the steel industry and John Rockefeller who came up with the Standard Oil Company are just a few examples. Andrew Carnegie wrote the “Gospel of Wealth” which justified the methods of their management. Although some of their methods were questionable, “Robber Baron” is not an appropriate label for the industrialists who dominated American industrial development from 1877 to 1900.…

    • 666 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Gordon believed that the so-called robber barons were not at all robber barons. Their great industrial contributions to America were so significant that their lust for money couldn’t possibly be seen as a bad thing. Inventions including wrought iron, the Bessemer Process, the Standard Oil Company, and many more brought a new industrialized America. According to Gordon, the big businesses who led and organized these industries could barely fall under the classification of robber barons.…

    • 1020 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    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.…

    • 1161 Words
    • 5 Pages
    Improved Essays
  • Superior Essays

    “The external glitter of wealth conceals a corrupt political core that reflects the growing gap between very few rich, and the very many poor”-Mark Twain. This quote sums up the political, economic, and social relations between the employer and the employee which were strained, and was often devised to benefit the manufacturer during the Gilded Age. Employers were exploiting worker by providing them low wages, exacerbating unsafe working conditions, and providing inadequate benefits to their workers. During these times radical new ideas were beginning to pull the working class together, with the foremost being Communism, which can be summed up in this quote by Karl Marx “From each according to his ability, to each according to his needs”. The…

    • 1595 Words
    • 7 Pages
    Superior Essays
  • Decent Essays

    Technology made America what it is today. America is one of the highest economically developed countries in the world. The impact of technological innovations during the Gilded Age led America to its strength. The two inventions during this period were the Bessemer process, and the light bulb.…

    • 209 Words
    • 1 Pages
    Decent Essays
  • Superior Essays

    From 1870 to 1900 American had a huge growth in its industry and size. In this time period was called the “Gilded Age.” This was the name Mark Twain called it. He refers this to be the period everything on top seem to be sparking and glittering but underneath it’s all corrupt. This essay will be talking about how big business,during the gilded age, sprung up and took control of the economy, political system, and the response the American people gave.…

    • 811 Words
    • 4 Pages
    Superior Essays
  • Improved Essays

    As with the gold rush in California, many people flocked to the cities in search of their fortunes. Names of men like Andrew Carnegie and J.D. Rockefeller are associated with the wealth of the times. Unfortunately, this was not the fate of the majority. Vast wealth was had only by a small percent of the population.…

    • 579 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Rockefeller created a monopoly, making him a robber baron. Rockefeller was a robber baron, but he was also a captain of industry. He treated…

    • 436 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Today, it is uncommon for people to call someone a Robber Baron, but it was frequently used during the 1920s and this type of individual still exists. Some of the similarities today are that they are rich, they worked for their money, and they do everything they can to get and stay rich. However, there are several differences on how they get and stay wealthy. Robber Barons mistreated their workers and made horrid working conditions, just to save money. They also bought orphans or children to work for their companies.…

    • 471 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    “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.…

    • 1151 Words
    • 5 Pages
    Improved Essays
  • Decent Essays

    Andrew Carnegie Dbq

    • 691 Words
    • 3 Pages

    Was Andrew Carnegie a hero? Andrew Carnegie was born in 1835 and was successful from the beginning. He was always a bright kid and was one of the smartest in his class. His family was not wealthy. They had very little money.…

    • 691 Words
    • 3 Pages
    Decent Essays
  • Improved Essays

    In the Gilded Age many people used greed to their advantage of becoming well known and wealthy. The definition of greed is the selfish desire for something, especially wealth and power. To the more fortunate, greed was a great thing because they kept gaining power from what they were doing, but to the less fortunate greed was seen as an awful thing because it gave them nothing to benefit from. Some people during this time that were seen as greedy would often give back to the community what they had taken away from it after they had passed. They would do this type of good deed to clear their name.…

    • 982 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Gilded Age Inequality

    • 1011 Words
    • 5 Pages

    During the Gilded Age the wealthiest 2 percent of American households owned more than a third of the countries wealth, while the top 10 percent owned roughly three fourths of it. This was due to big names such as Rockefeller, Carnegie, J.P. Morgan, Vanderbilt, and many other business leaders who capitalized from the newly industrialized economy of the Second Industrial Revolution. This was the first time in American history where we had a new class of the super-rich people, that practically dominated the United States. Many people were not happy about this new class of the super-rich and labeled these industrialists as “robber barons” because some believed that they made their fortunes at the expense of the working class. Although this is true to a certain extent since these industrialists gave the workers horrible conditions, which led to the highest rate of accidents in the world with 1,972 workers killed on the job, and low wages; some of these industrialists also donated a large part of their money.…

    • 1011 Words
    • 5 Pages
    Improved Essays