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How Did Robber Barons Influence The Industrial Industry

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The role that robber barons played were the money makers. They created monopoly which brought themselves for money. The competition they created caused extra work for the laborers. The people that the workers had been working for had been paying them less and less to where it became harder to live. It got to the point of where they had toward constantly just to be able to earn a piece of bread. The robber barons however were living in what you’d call “luxury”. It didn’t matter to them what these people were going through. All they cared about was the income they were “earning”. Robber barons were extremely common among the industrial industry. It seemed as if they were everywhere. The most known that I’ll be talking about includes, John Rockefeller, Andrew Carnegie, and Cornelius Vanderbilt. These three people in particular were the most influential among society. It was them who made antitrust illegal in …show more content…

The decisions that he made were usually impose reactions. He thought about them but not quite hard enough. Although with his decision making he was able to control most of the oil refineries in Cleveland. His business grew to influence other businesses. This led to monopoly. They began to partner up with a lot of different companies and began to build their company more and more. After a while of the government noticing, what exactly he and others were doing, the government began to punish those who used monopoly to create bigger businesses. Rockefeller then went to distributing his company among others making is fair. The government didn’t see this as a good thing although as they created the antitrust laws and everything he had worked for fell to the end. Rockefeller retired and became the Rockefeller foundation. The foundation used his money to build schools and help charities. John died on May 23rd but his legacy lives

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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.

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John D. Rockefeller was called a robber baron because many people believed he used unethical business practices to amass his extraordinary wealth. One of the most known was his practice of demanding rebates from railroads. Because Standard Oil shipped such large amounts of oil by rail, Rockefeller insisted that the railroads offer him rebates, or a discounted rate. This policy gave Standard

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The charge about the old days of the American economy—the nineteenth century, the “Gilded Age,” the era of the “robber barons”—was that it was always beset by a cycle of boom and bust. Whatever nice runs of expansion and opportunity that did come, they always seemed to be coupled with a pretty cataclysmic depression right around the corner. Boom and bust, boom and bust—this was the necessary pattern of the American economy in its primitive state. In the US, in the modern era, all this was smoothed out.

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In the gilded age of 1890’s and the early twentieth century. Four men had a negative and positive impact on the twenty-first century. John D. Rockefeller, Andrew Carnegie, J.P Morgan, and Cornelius vanderbilt were called robber barons. Robber barons were people who took over the economy by doing anything possible to take over. They did things like monopolizing railroads, banking industry , oil, and steel industries.

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These “ Captains of Industry “ donated to charity and helped the poor after they helped themselves. Stated by Andrew Carnegie in Wealth and Its Uses “ It will be a great mistake for the community to shoot the millionaires, for they are bees that make the most honey, and contribute most to the hive even after they have gorged themselves full. “ Carnegie is explaining that millionaires make the most honey ( money/wealth ) and contribute the most to the hive ( community ) after the millionaires are stable themselves. These businessmen also set an example on how to live and deal with wealth, also stated by Andrew Carnegie in The Gospel of Wealth “ This, then, is helf to be the duty of the man of wealth: First, to set an example of modest, unostentatious living, shunning display or extravagance “ and “ to produce the most beneficial results for the community - the man of wealth thus becoming the mere trustee and agent for his poorer brethren.” Carnegie is explaining that men of tremendous wealth need to set an example of living for the poor and produce for the whole

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During the late 1800s there was a time period called the “Gilded Age”. The Gilded Age is a time period the economy was struggling along with the people of the era. Andrew Carnegie, John D. Rockefeller, and Thomas Edison were some examples of successful business owners and Robber Barons of that time. Robber Barons were the people who stole money from the public along with natural resources such as soil, land, etc. These men were supposed to be great leaders, but instead they enforce horrible working conditions.

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Ultimately, American businessmen of the 1800’s may have built America, but most of them were Robber Barons because men like Carnegie swindled his workers and Rockefeller’s monopoly. One of the biggest businessmen in the 1800’s was John D. Rockefeller. To begin, he started the oil company, Standard Oil,

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Throughout the late 1800s, many people grew tremendously in wealth. Most people started businesses or expanded railroads which required a lot of money. This start the idea of robber barons or captains of industry; while there were some people who would collect the money for themselves there were many people who gave back and did some great things for America. Therefore, industrialists of the 1860s-1900s were more rightly called Captains of Industry than robber barons. John D. Rockefeller, James Fisk, and Henry Flanger are some great examples of Captains of Industry.

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Andrew Carnegie, one of the best businessmen in all of american history. Most consider Carnegie as a robber baron but I disagree. I say that Andrew Carnegie was in the place of a captain of industry. Carnegie was a captain of industry because he was the world's richest business man that came from a poor shoemaker house in scotland and once he sold away his massive company he turned to the people and became a philanthropists.

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John D. Rockefeller Sr: How did John D. Rockefeller impact the Industrial Revolution John Davison Rockefeller Sr. once stated “If you want to succeed you should strike out on new paths, rather than travel the worn paths of accepted success” (John D. Rockefeller Quotes). John D. Rockefeller was the founder of Standard Oil in which then became one of the wealthiest men in the world. Rockefellers ongoing funding as a philanthropist and trust in oil is how the man's name still lives on to this day (The Rockefeller Archive Center). For thousands of years oil has been a main resource for human consumption, and remains the same.

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Barons such as Andrew Carnegie, J.P Morgan, and John Rockefeller dominated the country through the enormous wealth that they amassed. The power that these individuals wielded was unfathomable. They even bought the presidency. It was through their combined might that William McKinley was elected. This pushed their power and wealth to even greater heights.

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Rockefeller: The Captain of Industry that has helped our country thrive “The best philanthropy” he wrote, is constantly in search of finalities- a search for a cause an attempt to cure evils at their source” - John D. Rockefeller John D. Rockefeller was the richest man of his time but, used his wealth to improve our country. Rockefeller entered the fledgling Oil industry in 1863, by investing in a factory in Cleveland, Ohio. In 1870 Rockefeller established the Standard Oil Company. With the establishment of the oil company Rockefeller controlled 90% of the oil business in America by 1880.

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Rockefeller was also one of the most successful wealthy Gilded Age entrepreneurs. Although Rockefeller did make a name for himself in the oil industry,supplying the U.S with oil, and creating the Standard Oil Company;his road to power was paved with the pain and suffering of others due to his malicious behavior. He should be remembered as a Robber Baron because of his attempts at monopoly, malicious behavior to those who stood in his way, and especially the treatment of his workers in order to get the wealth he desired. J.D. Rockefeller used tactics such as vertical integration, using rebates to transport his oil for cheaper prices, and using ruthless methods to eliminate the competition. Rockefellers ruthlessness lead him to be very successful up until his fatal encountered with Ida Tarbell.

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Most of these people were Robber Barons who had a monopoly. Vanderbilt started off in the steamboat industry as a young man, and was known as being fierce and ruthless. When Vanderbilt grew up, he created his monopoly in the railroad company. He closed off New York to any railroad company until they would give up and sell him the tracks around New York.

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Robber Barons and Captains of Industry Some might believe that the businessmen of the Gilded age are robber barons because of how some of them treated their workers and spent their money. The businessmen of the Gilded Age were captains of industry because of the impact that they made on the country. Carnegie, Rockefeller, Morgan, and Vanderbilt all have done things that can identify them as captains of industry. These businessmen gave their time and effort to help the economy grow.

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