Robber baron

new form of colonialism. As the great Christian philosopher so beautifully put, "Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron 's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience." This…

businessmen who used them, were under high scrutiny about their ethics. Many discredited their numerous achievements because they believe the means necessary to achieve them was horrendous. These people would call the businessmen of the time ‘Robber Barons.’ (Doc C-1). However, many also saw the practices as revolutionary to American business and saw the businessmen as ‘Captains of Industry’ for their good work and innovate practices. (Doc C-2). This is the title the businessmen of the Gilded…

After the death of Abraham Lincoln, new inventions and innovations were made to strengthen the United States's economy. Business leaders and entrepreneurs rose to the top with their innovations that would benefit U.S. Citizens the most while making a profit for themselves. One entrepreneur who rose to power with his ingenious ideas was Cornelius Vanderbilt. Vanderbilt was a cutthroat businessman with a reputation of getting what he wanted no matter the cost. Vanderbilt saw an opportunity…

The third episode of The Men Who Built America focused on the fierce competition among the industries, especially the electrical companies. As Carnegie Steel was imploding among itself due to Frick being a liability, a man who dominated banking and financing in America, J.P. Morgan, was trying to make a name for himself. Despite his father’s warnings, Morgan decided to invest in a new invention of Thomas Edison. Electricity. Edison and Morgan worked together and designed a power grid that…

During the immorality of the Gilded Age of 1865 through 1900, no other group felt the corruption more intensely than the American industrial worker class. Commonly referred to as the slaves of the north, the American industrial workers were brutally treated, working long, gruesome hours and receiving a meager pay. Naturally, this injustice led to advocating for better conditions. Although several factors attempted to improve the lives of the American industrial workers, they ultimately…

Thomas W. Truxes writes in “Defying Empire: Trading with the Enemy in Colonial New York that during the Seven Years' War”, New York's "most successful businessmen were daring, resourceful, and often ruthless." This assertion is supported throughout the book with multiple examples of how the successful businessmen of the time exhibited these traits. They were bold, inventive, and brutal. These men went to whatever lengths necessary to make money and ensure the security of their businesses. They…

During the 1870-1900 the major companies such as Standard Oil, and other dominating companies, had control over almost everything that happened in those days. This era came to be known as the Gilded Age, during this time the businesses grow and monopolized industry while the common man was struggling to support his family with the little pay they received. These dominating businesses wiped out the competition by lowering their prices so low that it would bankrupt any competition. Meanwhile the…

Andrew Carnegie was a “robber baron”, in his personal relationships and the way he treated his workers, who did beneficial things under the guise of being a “captain of industry” to try to overshadow the awful things he did. He was conflicted his entire life between the two great influences of his childhood. His father and grandmother represented the true ideals of democracy, of the rights of the people while his mother was materialistic and determined to reach the top economically through…

from 1870-1900 have normally been bad throughout the years, Evolution of Robber Barons, Carnegie is treating his workers differently, and lastly Monopolists taking over the government. Unregulated capitalism was bad because low wage workers would usually be treated like a property by Robber Barons. In document C, “Evolution of the Robber Barons” by an unknown author, published December 7, 1902, it explains how Robber Barons have developed. They gave hard jobs to their workers, they took…

Ellie McCoy 17 October 2014 C 12 Captains of Industry Businessmen from the 19th and 20th centuries were known as captains of industry or people who generate great wealth for themselves, but also use it for the good of the country. Several businessmen can be considered captains of industry, because they used various business strategies to develop new industries, they held the industries in the palm of their hands, but they also used money in charitable ways to benefit the public. Andrew…