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How Successful Was J. P. Morgan A Robber Baron?

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Katelyn Chrisawn Mr. Burnette American History Honors 17 April 2024 J.P. Morgan John Pierpont Morgan was born to Junius Spencer Morgan and Juliet Pierpont. He had two siblings, four children, multiple grandchildren, and two different wives (Wikipedia). Morgan was born into a wealthy family on April 17, 1837 in Hartford, Connecticut. His father was a banker and financier, he was very successful in the industry. Morgan graduated from high school in Boston and subsequently attended university in Europe. After graduating from University, Morgan returned to New York where he began to practice finance (History). Morgan was a very successful businessman and ended up opening multiple banks as well as multiple partner banks. Some of Morgan’s most well …show more content…

Morgan also did not pay his employees like they should have been paid. Finally, Morgan treated his employees as if they were inferior to him. While many people could use this evidence to say that Morgan was a Robber Baron, I believe that the good outweighs the bad that Morgan did in his …show more content…

He donated millions of dollars to charities, schools, and libraries. Because of this fact, I believe that the good Morgan did outweighs the bad and he can be considered a Captain of Industry and not a Robber Baron. Katelyn Chrisawn Mr. Burnette American History Honors 17 April 2024 J.P. Morgan John Pierpont Morgan was born to Junius Spencer Morgan and Juliet Pierpont. He had two siblings, four children, multiple grandchildren, and two different wives (Wikipedia). Morgan was born into a wealthy family on April 17, 1837 in Hartford, Connecticut. His father was a banker and financier, he was very successful in the industry. Morgan graduated from high school in Boston and subsequently attended university in Europe. After graduating from University, Morgan returned to New York where he began to practice finance (History). Morgan was a very successful businessman and ended up opening multiple banks as well as multiple partner banks. Some of Morgan’s most well known banks are Drexel, Morgan, and Co, and of course JPMorgan Chase. Because of these businesses, Morgan became one of the most wealthy men in American history. I would like to argue that because of this wealth, Morgan can be considered a Captain of the Industry. Morgan can be considered a Captain of Industry because of the money he donated to different charities and the community. Morgan donated millions of dollars to charities

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P Morgan was born on April 17, 1837 and JP Morgan died on 1913. He escapes service in the Civil War by $300. When he was in service he brought rifles and the rifles each cost $3.50. His father was Junius and Junius was a millionaire that help found morden investment banking. JP Morgan is John Pierpont Morgan.

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The question of whether John D. Rockefeller and Andrew Carnegie were "captains of industry" or "robber barons" is a complex one. Both John D. Rockefeller and Andrew Carnegie played significant roles in the growth and development of American industry during the late 19th and early 26th centuries. On one hand, they are often referred to as "captains of industry" because of their entrepreneurial spirit and their ability to innovate and transform entire industries.

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All this industry produced a lot of wealth for several businessmen like Cornelius Vanderbilt, John D. Rockefeller, Andrew Carnegie, and J.P. Morgan. These men were well-known as the “Captains of Industry”. Cornelius Vanderbilt also known as “The Commodore” built on of the largest shipping empires in the world. In his early years he was a steamboat manager and entrepreneur. He decided to sell all his ships and invest his money into railroads.

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The Men who Built America impacted the lifestyle of many Average Americans. These men were great, but also not so great. There were Rubber Barons and Captains of Industry in this time. A Captain of Industry is someone who’s fortune positively impacted the lives of those around them. On the the hand, a Robber Baron was a person who has a big fortune by using selfish behavior and using others to grow their riches.

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John D. Rockefeller was an American businessman and philanthropist. He was born on a farm in New York-but moved to Cleveland, Ohio during the late 1850s where he became a successful businessman. As the years went by” he began to notice the oil industry” and he became interested. He lived in Cleveland which became a regional hub

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Morgan had a considerable impact on the United States. Although he did not have the excessive wealth of John D. Rockefeller or Andrew Carnegie, his influence on America was certainly much greater (Wepman 6). As mentioned, he was responsible for the merging of several companies, such as General Electric and United States steel. Not only did he form and finance these extremely successful corporations, but he also used his wealth in an altruistic manner. For example, in 1895, he loaned the federal government $60 million to save the gold standard (Kohn 5).

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They would do things such as criticize and publish things about journalists that were untrue just so they could help their business to grow larger. Another thing they did was bribe people to give them support. These people were usually government officials that could easily persuade people to do what they say. Robber barons used illegal techniques in order to try and get more money, but another thing that makes them a robber baron is their little care for their

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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

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With this new influx of workers and business, numerous so called “Captains of Industry" were born. Men such as Andrew Carnegie and John D. Rockefeller were men who came from nothing, but made fortunes off their innovations in the steel and oil industries. While their actions greatly benefitted the American economy, their monopolistic desires earned them a sinister reputation. These captains both had a disdain for competition and would do everything in their power to eliminate or absorb any opponents in order to gain more influence.

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He dominated Wall Street. The relationship J.P. Morgan had with Andrew Carnegie was really a

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Both a successful banker and a financier who brought organization to the national economy, J.P. Morgan had a major impact on the advancement and prosperity of the United States. Through the funding of railroads, Morgan aided in the construction of new systems which in turn provided for fast and easy transportation of goods, people, and livestock. He then went one step forward and linked railroads to each other, all of them to banks, and banks to insurance companies, which enabled the railroads to be easily funded by the banks. Despite his positive achievements that heavily impacted the U.S., Zinn presents Morgan’s achievements and character in a negative fashion. Zinn includes a statement written by Gustavus Myers describing how Morgan and other companies were in cahoots to monopolize the railroads and eliminate fair competition; thus, at the detriment of the people of the country.

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Instead of moving along and not showing interest, “Morgan used his company’s funds to purchase the coffee, and then sold it to local merchants for a profit” (J.P. Morgan. " The Biography.com. Ed. Biography.com Editors.

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Some might say that he is not a captain of industry, but there are always two sides to every story. His life is very interesting, as he was a true rags-to-riches story. His parents were farmers, and his father occasionally ferried produce and merchandise between Staten Island and Manhattan. And it was due to this that he gained interest in boats. Eventually, he managed to acquire a fleet of small boats, and through this he was able to acquire his first fortune.

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John D. Rockefeller gave away $540 million dollars before his death at the age of 97. With this money he created two, of the world's greatest research companies and helped pull the American South out of poverty. Without Rockefeller’s gracious donations to our country through education, medical, and donations to help our country, he most definitely was a Captain of Industry which helped our country get to where we are today. Captain of Industry is a fancy term of saying that this person has helped our country thrive and get to where we are today. John D. Rockefeller is a prime example of a great leader and a captain of industry, without him we would not have the successful oil business we have today.

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J.D. Rockefeller was another very wealthy Gilded Age businessman. He

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