Jan 15, · I believe three of the world s richest men every, Andrew Carnegie, John D. Rockefeller, and J.P. Morgan, should all be classified as Captains of Industry. These men all did a lot for our nation and used their money to provide us with stability and aid when and where we needed it blogger.comted Reading Time: 8 mins Oct 11, · Captain of Industry vs. Robber Barons. Carnegie, Rockefeller, and Vanderbilt should be considered as “Captains of Industry” and not “Robber Barons.”They are Industrial Tycoons and should be considered as “Captains of Industry” because they used their business skills to strengthen the blogger.com also knew how to use their money and power Morgan, John D. Rockefeller, Jay Gould, and Cornelius Vanderbilt also known as “Captains of Industry” are recognized for economic prosperity in America after the Civil War, in and the United States suffered from a grave economic depression due to the perfidious methods the “Captain of Industry” utilized
Free Essays on John Rockefeller Captain Of Industry - blogger.com
Robber barons were business leaders who built their fortunes by stealing from the public and captains of industry were business leaders who served their nation in a positive way. These three entrepreneurs were robber barons, for they either did many good things for the nation but had tricks up their sleeve, or were just leaders that treated people unfairly. Henry Ford, John D. John D. Rockefeller was a robber baron because he monopolized the oil industry, captains of industry essay, barely donated to the community and led the workers to harsh conditions.
When Rockefeller captains of industry essay the industry, it was bad enough that he was going against the Sherman Anti-Trust Act ofwhich stated that having a monopoly was illegal. The trick behind this act was to lower the prices of oil so everyone could afford it.
Even though this sounds very beneficial for the community, it was bad once Rockefeller was able to own every single company and raise the prices back up, leaving the people with no choice. Since automobiles were also much cheaper and more consumers were buying them, it would lead to more consumers buying oil from Rockefeller and only him, captains of industry essay.
People stated he was a captain of industry because he helped people in poverty, but raising prices back up would not make it any better, captains of industry essay.
Even though he gave bonuses captains of industry essay high wages so they could work harder, only the unemployed men were allowed to work and had to follow strict rules. Since the workers did want to obey these harsh rules, it led to the Ludlow Massacre of where Rockefeller sent out the National Guard to stop them, killing 13 strikers and 32 women and children. Andrew Carnegie was captains of industry essay entrepreneur that was a robber baron, captains of industry essay.
He treated his workers badly, had a monopoly, and bribed people through vertical integration. Carnegie barely paid them anyway and he cut their wages, leading them closer and closer to a strike. The working conditions were also dangerous, leaving them with injuries due to their fingers or arms getting cut off in the machines. This resulted in the Homestead Strike, refusing to let the strikebreakers take over their jobs.
Shooting broke out, leaving some strikers dead. Carnegie also used the methods of vertical integration and horizontal consolidation.
Vertical integration is when Carnegie bought out all suppliers to control all the stages of the manufacturing process, such as transportation, raw materials, and etc. One of his good friends, Theodore Roosevelt, was an example of whom he bribed so he can buy out his suppliers with no one knowing. Even though Carnegie built schools, libraries, homes, and railroads with most of his money, he still wanted profits from everything and tricks to bribe people into getting more.
Finally, Henry Ford was also a robber baron. He glorified only himself, bribed his workers, and was anti-Semitic. Ford was seen as a great man for building hospitals, museums, etc. He was also glorified for sending out ships to Europe to stop WWI with no profit, but when he arrived at Europe, he went right back to America. would have to get involved soon, even though he said he wanted to help them in the beginning.
The first thing he was known for was scientific management and strengthening the mass assembly line, which would make the workers work harder but be happier. Although, captains of industry essay, this led to mass production, which gave him the benefit of higher profits, captains of industry essay. Ford also bribed his workers.
Although he paid them very high wages and reduced their working hours, he only did this so they would not form a Union to rebel against him. Since the workers could also only purchase things from where they work, Ford got back their wages most of the time, which was also a good reason to increase their wages.
Finally, Ford was anti-Semitic. Overall, Henry Ford, John D. Roosevelt and Carnegie had monopolies and were controlling leaders, were tricky business partners just like Ford, who was also selfish and glorifying for all the wrong reasons. Each entrepreneur are not captains of industry, but robber barons; people who captains of industry essay the people for their own benefit. Free Essays Topics Essay Checker Hire Writer Login.
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What is a Captain of Industry?
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The owners of these "bug businesses" were called both captains of industry and robber barons. Those who called these men captains of industry believed that they were generous philanthropists that respected and treated the poor equally. However, the term robber barons better suit these men Oct 11, · Captain of Industry vs. Robber Barons. Carnegie, Rockefeller, and Vanderbilt should be considered as “Captains of Industry” and not “Robber Barons.”They are Industrial Tycoons and should be considered as “Captains of Industry” because they used their business skills to strengthen the blogger.com also knew how to use their money and power Captains Of Industry Essay. Words6 Pages. In the late s and early s, during the climax of the American Industrial Revolution, there was a small group of men who owned the major businesses and were leaders of their industries. They owned factories, railroads, banks, and even created company towns for the sole purpose of housing their workers
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