Robber Barons and the Gilded Age Essay

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Robber Barons and the Gilded Age

Did the Robber Barons and the Gilded Age of the 1890’s and early 20th Century have a negative impact on 21st Century Corporate America today?

Carnegie, Rockefeller, Morgan, and Vanderbilt all had something in common, they were all “Robber Barons,” whose actions would eventually lead to the corruption, greed, and economic problems of Corporate America today. During the late 19th century, these men did all they could to monopolize the railroad, petroleum, banking, and steel industries, profiting massively and gaining a lot personally, but not doing a whole lot for the common wealth. Many of the schemes and techniques that are used today to rob people of what is rightfully theirs, such as pensions,
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His methods of monopolizing the banking industry were so obvious, that they were in fact called, “Morganization.” He once sold 5,000 defective rifles to General Fremont, and was never even filed suit against. Morgan still has an impact today since many companies produce faulty products or perform inadequate services that can sometimes even result in injury or even death, and are often written off as “human error” or bundles of cash pushed towards the victims to keep them quiet.

Rockefeller, who capitalized on the oil industry, easily became one of the wealthiest men in America when he discovered the value of oil and made sure that he was the primary supplier of said, “black gold.” Through many of the same tactics Morgan, Carnegie, and Vanderbilt had used, he made sure that any one who tried to compete against his company was quickly eliminated from competition and taken off the map as a supplier for petroleum. A picture in a history book shows a group of people watching an old Rockefeller crouch over to accept a flower from a little girl. The caption reads "John D. Rockefeller, American industrialist and philanthropist, is caught doing one of his good deeds." Such lies were fed to the American people and they ate them up, not wanting to believe they had been tricked, deceived, and even controlled by these four men.
Rockefeller got away with his scheme until the Supreme Court ordered in 1911 that the Standard

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