More handpicked essays just for you.
Effects john d. rockefeller had on society
John d rockefeller impact on today's society
What was the impact on john d rockefeller
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Cornelius Vanderbilt: Captain of Industry When America began its journey into industry, the country immediately flourished. Inundated with immigrants, factories were easily staffed; jobs were given out to any individual who wanted one. However, some of these large industrial companies flourished more than others. Cornelius Vanderbilt, for example, became one of the richest men in the country. Many Americans believe that business owners like Vanderbilt should be given the name “Robber Barons” because of their great accomplishments; however, in contrast, others like to deem them as America’s “Captains of Industry”.
The Gilded Age which is the time period 30 years after the civil war, is when the economy went through a period of intense growth. The railroad industry was considered the start of the economic growth during the civil war. Many Businessmen of the period, such as Andrew Carnegie the controller of the steel industry, Jay Gould and Cornelius Vanderbilt, who were successful in the railroad industry, John D. Rockefeller who dominated the oil industry, and J.P Morgan who was very successful in the banking industry, they were often criticized for having monopolies and treating their workers poorly. Many Businessmen practiced the philosophy of Social Darwinism is when only the strong survive based Charles Darwin’s theory of natural selection. Robber Baron was an industrialist during the Gilded Age who was powerful and wealthy Businessmen, he became wealthy by treating his workers terribly and other questionable and unethical tactics.
Name of Industrialist: Henry Ford How did he acquire his wealth? He acquire his wealth by being a self-made man, that revolutionize the car industry in the 90’s. How he (or his related industries) treated workers? Ford manage to lowered the cost of manufacturing, while providing a wage correspondent to more than double of the previous average.
The Industrial Revolution was a period of time with major Industrialization in the 1800s. During the period of time when Andrew Carnegie, and John D. Rockefeller who were both Philanthropist, and 2 of the top 5 businessmen that America has ever known. It was probably very hard to work during that time. Some people feel as if Andrew Carnegie and John D. Rockefeller are Robber Barons, and some people feel as if he is a Captain of Industry. I feel as if Andrew Carnegie and John D. Rockefeller both didn’t treat their workers well for multiple reasons.
On the other hand businessmen who were fair to workers, helped
The industrial revolution was picking up steam, and these men mastered novel business tactics to triumph. The systems that had kept people in poverty were beginning to deteriorate: those born poor could now achieve wealth using hard work, skill and dedication. The business men of the gilded age devoted themselves to their industry as if it were their religion, routinely living a life strongly
Andrew Carnegie, Captain of Industry The expansion of industries in the late 19th century allowed industrialists to revolutionize American economics. Revolutionary ideas included new business strategies like vertical and horizontal integration which was utilized by captain of industry Andrew Carnegie. Andrew Carnegie was a captain of industry, or a business leader who positively impacted American economics and society, because he implemented ingenious business strategies like vertical and horizontal integration and because he donated almost all of his profits to charities towards the development of learning and the arts. Andrew Carnegie proved himself to be a captain of industry when he set the precedent of using business methods like vertical
Rockefeller was the founder of Standard Oil, and helped revolutionize the gas and oil industry while Henry Ford revolutionized the factory setting and the assembly line. While JP Morgan was primarily a businessman, he revolutionized the basic business, and became a huge supporting cast for the railroad industry. Finally, Andrew Carnegie innovated the steel production industry, and made steel production and transportation thrive throughout the country. The individuals mentioned above are only a fraction of the many different people that thrived and helped develop America during the Gilded Age”. These famous, or infamous industrialization tycoons thrived during the late 19th century, and created many of the businesses and operations that we know
Questions: Take detailed notes from the reading about the ways in which Carnegie was a Captain of Industry (Bullet-points are fine). Andrew Carnegie was a successful businessman and industrialist who made significant fortune in the steel industry known for his innovative techniques and methods for producing steel, which allowed him to significantly reduce costs and increase efficiency in his factories believed in the principle of "vertical integration," meaning he owned and controlled every aspect of the steel production process, from the raw materials to the finished product $4 million dollar relief fund to assist injured employees and pensions to families dependent on those killed He made much philanthropic efforts by donating millions of
During the Gilded Age we saw the emergence of captains of industry: business moguls who absolutely dominated the field they were in. An example of this was Andrew Carnegie, Carnegie was an immigrant who worked his way up in the steel business to become one of the richest men in the country (OTP pg. 517-520). “ The conditions of human life have not only been changed, but revolutionized, within the past few hundred years.” (Foner pg.
Andrew Carnegie, captain of industry or a robber baron? The answer is surprisingly basic. Carnegie was a captain of industry and this is obvious, between his come up to his passing it creates a clear picture of a man who wanted to advance society. Now I won't discredit the fact that some may see him as a robber baron due to his ruthlessness in the field of business or how he didn't give enough pay to his workers, but if you think about it just a little bit he was a businessman meaning he had to make decisions that at the end of the day benefitted him and his business. I have 3 main points as to why he was a captain of industry.
There had to be a way to keep the industry growing, with the needs for education, as well as materials for farming and for the use of new inventions in technology. The captains of industry were very capable in providing for these needs. In Document C, Wealth, Andrew Carnegie describes what the man of wealth was responsible for: “To produce the most beneficial results for the community- Bringing to their service his superior wisdom, experience, and ability to administer, doing for them better than they would or could do for themselves.” The conditions of the lower class at the time gave these men a leading role for priorities, which they were successful with.
The 1870s, 1880s, and the 1890s were apart of the Gilded Age because it was a time of major technological innovation and a rise in foreign trade for the U.S. It was also a time when businesses expanded not only in each area of the manufacturing process but in the number of buildings as well. One key economic feature of the Gilded Age was railroad tracks because they played an important role in the transportation of manufactured goods and allowed those products to reach places they have never been before. An important social aspect of the Gilded Age was the corruption and lack of government control of large companies because many politicians supported them, making them essentially untouchable. The definition of “gilded” means that a layer of
The distribution of wealth has always been a conflict of interest between those in an industrial society. Many times, we find the all the poor being grouped as oppressed, and all the rich being grouped as oppressive. But this is not the most accurate way of thinking. We see Andrew Carnegie as part of the rich being grouped as oppressive, or a villain. Given the fact that he saw his success in the height of the American Era of Industrialization, Carnegie got a lot of backlash for the issues surrounding the poor that worked for him.
The Gilded Age was an era that transformed from agrarian to industrialized working/businesses and goods. The Gilded Age soon came after Reconstruction and lasted from the late 1860’s to the late 1890’s. During the Gilded Age there were many businessmen that were labeled Robber Barons or Captains of Industry based on their actions of ruthlessness and monopoly or their actions of generosity and kindness. A Robber Baron is a businessman who obtained wealth through cruel manors. A Captain of Industry is a business leader who obtained wealth through positive and generous ways that had a good impact on those around them.
