Andrew Carnegie: Business Leaders Of The Industrial Age

The business leaders of the Industrial Age were both robber barons and philanthropists, but were considered philanthropists because of how they positively impacted the U.S during this time. Some business leaders at times took money and treated their workers poorly which was considered being a robber baron. However, they also made large donations and invented many great things we still use today which makes the business leaders of the Industrial Age philanthropists. Andrew Carnegie was one of the business leaders of the Industrial Age. Carnegie did do things that made him a robber baron at times. Andrew Carnegie made his workers work longer days, but cut their wages at the same time. His workers then worked 12 hour work days, 6 days a week. Another business leader was John Rockefeller, he could be considered a robber baron because of the tactic he used to make

They donated money to many different things and invented many different things we still use today, which make them philanthropists. Andrew Carnegie donated his money to a fund scientific research and also made a pension fund for teachers by donating ten million dollars (Andrew Carnegie). Andrew Carnegie also created one of the largest steel companies that was made cheaply and efficiently. John Rockefeller donated his money to donated almost half a billion dollars to educational, religious, and scientific programs. John Rockefeller was the head of the Standard Oil Company. J.P Morgan used his money to multiple places such as charities, schools, churches, and hospitals. J.P Morgan was also one of the most powerful bankers of this time. He financed railroads and helped organize the U.S Steel, General Electric, and other corporations. Cornelius Vanderbilt was also a philanthropist who donated fifty thousand dollars to the Church of the Strangers and one million dollars to Central University which is now called Vanderbilt