During the late 19th century, the industrial leaders were either characterized as “robber barons” or “industrial statesmen”. The extent of this classification comes with the power of how they use their leadership to better improve the economy of the United States. Although both groups impacted the United States industrial economy, “robber barons” had the advantage because they applied their technique to innovate American history. Robber Barons gave lower wages, built monopolies, provided poor working conditions for the employees and didn’t offer any working benefits. Industrial Statesmen helped improve the economy, gave jobs, and donated money to charity. Both the Industrial Statesmen and Robber Barons maintain a higher economic status, along …show more content…
Robber Barons cheat and compete to cruel measures. Robber Barons often justify their actions with the Social Darwinism philosophy. They only look out for themselves which meant low wages, bad working conditions, building monopoly, etc. They seek power, wealth, and do not show much concern for their public image. A political cartoon (Document E), Herman, Viola, Why We Remember: United States History, Scott Foresman-Addison Wesley Publishing Company, resembles a monopoly being created which can be interpreted as John D. Rockefeller, a notorious Robber Baron, building his standard oil company with other associations and companies such as, Insurance company, Gas company, Smaller Oil companies, Savings Bank, etc. The New York Times, May 24, 1937 (Document F, lists the major gifts given by Rockefeller by the time of his death the same year, which shows that even though Rockefeller was considered a man of bad morals, he did show that he is charismatic. It also demonstrates how he attempted to balance his bad actions with good ones. In an interview with William H. Vanderbilt(Document A), another well-known Robber Baron, published in the Chicago Daily News, October 9, 1882, he establishes his carelessness by saying things such as “The railroads are not run for the benefit of the “dear public” --- that cry is all nonsense…” and “The public be …show more content…
they are also known to have great wealth, excel in business, improve the economy, and help the charities. These Industrial Statesmen run efficient and very profitable businesses, and they gain through hard work along with industriousness. Advancements in the economy is through the Industrial Statesmen providing employment, good working environments, expanding the economy, and create chances for the people. Andrew Carnegie is the most eminent Industrial Statesmen, he grew from nothing to becoming so well known for expanding the economy along with innovating new business strategies and improving the economy. Andrew Carnegie, “Wealth”, North American Review (Document B), 1889, discusses how the wealthy are superior to everyone else and should use their opulence to help the unfortunate. Carnegie was a strong believer of Social Darwinism, which is the concept that persons are matter to the equal natural selection as vegetation and wildlife. Carnegie thought that the more wealth one acquires establishes how intact a man is which means only the rich men know how to uphold the oppression and advance in society. The author of this passage is neither a Robber Baron nor an Industrial Statesmen, he is neutral. Weaver explains how trust can harm those who are seen in extraordinary supremacy and are perceived as liabilities. He also discusses how to maximize profit made from producers by
The Gilded age period occurred between the civil war to the end of world war 1. During this period, the industry and U.S economy boomed. As those two grew so did the political corruption and misdealing’s among business tycoons. “Robber Barons”, were known as businessmen looking only for an eye of quick money. They provided horribly low wages to their workers with atrocious work conditions to just get ahead of competition. I believe these men did not even consider or care about others as long as their company thrived. They used corrupted dealings and unruly business trades to become rich. These “robber barons” such as, J.D. Rockefeller, Cornelius Vanderbilt, and many others devised schemes to gain control of markets by buying out failing corporations. This
The term “Robber Barons” became popularized in the late 19th century to describe extremely wealthy industrialists. They were despised by the general public for using virtually exploitative methods to obtain and retain their wealth, including establishing monopolies on resources, paying minimal wages, destroying potential rival companies, consolidating destroyed companies, and gaining governmental support.
Monopolies were becoming more prominent during this time. Rockefeller is the best example of corrupt monopolies. The source of his wealth was a system. “These oil producers and refiners whom the Standard was robbing with and without forms of law fought
Even though they benefited the United States, the Robber Barons were also hated throughout the country. They used ruthless tactics to defeat their competitors; they would overwork their employees and sometimes even underpay them. Also they were known to be corrupt and for using their political networks to change decisions in favor of their organizations. In addition, they would lower the pricing unethically just to eliminate any other competitors and established monopolies after overpricing their
Whether Robber Barons or Captains of Industry, the men who shaped the U.S. industrial age left their mark in both business and philanthropy.
During the late 1800’s and early 1900’s America began to industrialize the majority of the country bringing forth industrial giants like Andrew Carnegie and his steel company along with John D. Rockefeller and his Standard Oil Company. Howard Zinn, author of A People’s History of the United States, referred to these industrial giants as “robber barons.” A “robber baron” could be defined as an American capitalist who would do whatever in order to prosper. Carnegie and Rockefeller were considered “robber barons” due to the fact that they held oil and steel industry monopolies. Those monopolies gave them the ability to overpower other companies, robbing them of an opportunity to make their own fortunes, which limited the growth of a capitalist
More often than not, America’s antebellum capitalists are accused of being the “robber barons” of industrial America. The misconception is that these men took advantage of a naïve and growing economy and reaped its benefits without giving anything in return. True, the majority of America was poor in comparison to the few elites, but the philanthropist efforts and contributions of these men can not be denied. If not for these men and their efforts, there would have been no one to pave the road to America’s industrial domination.
The Industrialists are robber barons. Industrialists made their workers work for little pay, did not care about the people's health, and made an immoral government influence or plutocracy. In the gilded age, a few of the industrialists were robber barons who became successful by paying their workers low wages. An example of a robber baron is John D. Rockefeller, he was a aiming to be an philanthropist. In the article, The new Tycoons: John D. Rockefeller states, “ Rockefeller was a bona fide billionaire. Critics charged that his labor practices were unfair. Employees pointed out that he could
During the Gilded Age, America and the lives of her citizens changed in irreversible ways. No longer did the common man control his own fate. Instead, an elite group of egomaniacal and so called industrial giants bought and sold their way to power, working the system to benefit their own selfish needs. When looking at the immeasurable greed of the tycoons, the horrible conditions they supplied for their workers, and the impoverishment of the common man, it can be concluded that the tycoons of the late 19th century are most accurately described as “robber barons”.
America has been called the “Land of Opportunity” and is gaining a reputation as such from people all around the world. The reality is that this “land of opportunity” is limited to only the rich. Tycoons, such as Andrew Carnegie and John D. Rockefeller, are monopolizing off of the labor of the poor, and destroying any competition. Many people are now referring to them as Robber Barons.
It is evident that there are many subjects and controversies that one could choose to discuss, but the conversation of who actually put forth more work than the other is pretty significant. Many people believe that it was the Robber Barons that did all of the work in the businesses that made them what they were, but this essay is here for your sake to hopefully help those who believe this that not only was is the laborer that did all the work, but they created the very essence of what business and working conditioner should look like. The business laborers of the 19th century were put through hell to try to please the man that controlled the entire company; there were many unfair working conditions that workers faced, and many children whose school education was put
Following the construction of the Transcontinental Railroad, a Gilded Age accompanied the Second American Industrial Revolution, spanning from the 1870s to the early 1900s. Marked by an explosive growth in the nation’s wealth, it was not before long that the American people soon found themselves in the debt of a plutocracy headed by a small group of “industrial buccaneers” that included the likes of John D. Rockefeller and his Standard Oil Company, Andrew Carnegie and his Carnegie Steel Company, and Jay Gould and Cornelius Vanderbilt and their respective railroad enterprises, and J.P. Morgan and his banking syndicate. These leaders of industry managed to accumulate a wealth that would make even kings babble, and soon enough one-tenth of the
Andrew Carnegie was an industrialist who believed in social darwinism. He stated that, “that this talent for organization and management is rare among men is proved by the fact that it invariably secures for its possessor enormous rewards, no matter where or under what laws or conditions.” This means that those who were wealthier were better than those who had less. However, he believed that when someone became wealthy they became beneficial to society. In an essay he wrote to society called “The Gospel of Wealth” he argued how wealthy men like him had the responsibility in making sure to use their wealth to help aid society. Despite this, people didn’t automatically agree with Carnegie.
During the Gilded Age America experienced the “Second Industrial Revolution”. Between the end of the Civil War and the early twentieth century, the United States underwent one of the most rapid and profound economic revolutions any country has ever experienced. There were numerous causes for this explosive economic growth. The country enjoyed abundant natural resources, a growing supply of labor, an expanding market for manufactured goods, and the availability of capital for investment. The uprising of big businesses, railroads, and factory transformed America from being based on small farm work into an industrial powerhouse. During the Second Industrial Revolution the role of “big business” in federal and state governments was a monumental turning point in the history of this country, setting a foundation which has come to play a big role in government policy today. In a time period where the American Government did not have a real system in place for becoming an elected official, a great portion of the government was “corrupted” by people put in place by owners of big businesses and in turn they agreed to pass laws or do other favors for their benefit. Moguls such as John D. Rockefeller, and Andrew Carnegie played major roles big business. The rapid expansion of factory production, mining, and railroad construction in all parts of the country except the South signaled the transition from Lincoln’s America—a world centered on the small farm and artisan workshop—to a
From approximately 1800 to the 1920’s, the United States of America as a whole experienced an immense amount of growth in multiple senses during what we, in the present day, refer to as the Industrial Revolution. Newly expanded industries such as the steel and railroad industries became large shareholders in the grand scheme of American wealth, allowing some entrepreneurs and business owners to fill their pockets at a significantly quicker speed than those of the former agricultural-based society of early America pre-Civil War. However, the new age of machines and factories in America brought along with it a series of mixed results, both positive and negative; furthermore, whether or not the good outweighs the bad was and still continues to