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The myth of robber barons review essay
The myth of robber barons review essay
The myth of robber barons review essay
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In the early 1900s, many business leaders were responsible for bringing about the sudden economic prosperity in the United States, using their knowledge, and business techniques. Due to their actions and business methods, it’s obvious the leaders of big business were Robber Barons in the early 1900s. They used cutthroat practices in order to succeed, and they didn’t give workers the rights they deserved. In the early 1900s, business leaders used different methods in order to become successful. The big business leaders used cutthroat practices in order to succeed. In the text Rockefeller: Monster Monopolist or Marketplace Hero? It states “He even got some railroads to pay him a fee when they shipped his competitors’ oil.” This evidence discusses, one way John D. Rockefeller used cutthroat methods to get ahead. He forced …show more content…
railroads to pay him a fee if they ship his competitors’ oil. This would make sure the competitors had no mode of transportation, and would lose money due to the decreasing amount of customers. The customers of the competing businesses would be affected negatively, because they would have to find another business’ oil to buy and use. This will benefit Rockefeller because he will recruit his competitor business’ customers earning more money. This evidence proves big business leaders like John D Rockefeller knocked out smaller businesses by stealing their customers and mode of transportations using cutthroat practices. Workers were often treated badly by the capitalists in the early 1900s.
The leaders of big business didn’t give workers the rights they deserved. In the text, Captains of Industry or Robber Barons?, it states, “Workers were often forbidden to strike, paid very low wages, and forced to work very long hours.” This evidence is a perfect example of the dehumanization of workers. The employers treated their workers like interchangeable parts, which were easily replaced. The big business leaders started paying less attention to the working conditions, and more to the production rates, and money. They didn’t care about worker’s family or the worker’s wellbeing. Due to the horrible working conditions, the workers were more likely to be injured, and sometimes, die. The capitalists didn’t give their employees the rights and respect they deserved, because to them they were just unskilled, cheap labor. If the workers were unhappy, they would easily replace them with other unskilled workers. That’s why they were considered interchangeable parts. This evidence shows the big business leaders only cared about money, and didn’t treat their workers
properly. In the early 1900s, many business leaders were responsible for bringing about the sudden economic prosperity in the United States, using their knowledge, and business techniques. Due to their actions and business methods, it’s obvious the leaders of big business were Robber Barons in the early 1900s. They were robber barons because the big business leaders used Cutthroat Practices in order to succeed and didn’t give workers the rights they deserved.
During this era, businesses supplied large amounts of employment for citizens which created power for these businesses. They had the power to provide bad working conditions, lower wages, and fire their employees without any justification (Doc 1). George E. McNeill, a labor leader, states how “whim is law” and one can not object to it. The government took a laissez-faire approach and refused to regulate economic factors. This allowed robber barons and business tycoons to gain more authority of each industry through the means of horizontal and vertical integration. It wasn’t until later in the time period that the government passed a few acts to regulate these companies, such as the ICC and the Sherman Antitrust Act. One of the main successful industries was
Carnegie, Rockefeller, Morgan, and Vanderbilt all had something in common, they were all “Robber Barons,” whose actions would eventually lead to the corruption, greed, and economic problems of Corporate America today. During the late 19th century, these men did all they could to monopolize the railroad, petroleum, banking, and steel industries, profiting massively and gaining a lot personally, but not doing a whole lot for the common wealth. Many of the schemes and techniques that are used today to rob people of what is rightfully theirs, such as pensions, stocks, and even their jobs, were invented and used often by these four men.
characterizes the capitalists who shaped post-Civil War industrial America and it is valid that they would be properly distinguished as corrupt “robber barons”.
During the Gilded Age, several Americans emerged as leaders in many fields such as, railroads, oil drilling, manufacturing and banking. The characterization of these leaders as “robber barons” is, unfortunately, nearly always correct in every instance of business management at this time. Most, if not all, of these leaders had little regard for the public or laborers at all and advocated for the concentration of wealth within tight-knit groups of wealthy business owners.
Based on the Gilded Age, literally meaning a layer of gold is displayed on the outside and once you look deeper past through the top layer of gold, you can identify that the robber barons are the culprit of the corruption in the government who monopolized the corporate America. Although, there is a great transition from the agricultural economy towards the rapid growth of the urban and industrial society, the robber barons created a lot of problems for much of the working class poor in America. The robber barons use the power they obtain through their wealth for their own advantage and try to repress any form of the spread of democracy and the regulation in the marketplace, its work safety, the labor laws, and the certain amount of work hours which followed thereafter witnessing of the homestead strikes that touched on the major issues of the American nation. Both Carnegie and John D. Rockefeller dominated giant corporations, but they dictated much of the employees and greatly tried to divide out the employees from desperately trying to organize the reforms that would essentially stop the robber barons from taking advantage of them. The robber barons insisted that if you cannot work the day you are supposed to other than the Fourth of July, some other person will be a willing participant to come and take your job.
Mainly, the article focuses on the injustices people have encountered in a work environment. Rhodes appeals to her audience as everyday “average” people who identify with the plight of another. Although she makes a compelling argument referencing studies and personal stories of people this has happened to, there are flaws in her argument that could discredit the validity of her reasoning. The logic in her article highly finds favor with the general working public. It is both consistent and appropriate. However, it is not complete, nor fully believable. I will discuss the following in the next paragraphs. Her use of research and anecdotes are mostly one-sided and while it brings valid points for the workers, fail to portray opposing views on the issue, that of the employer. She also neglects to further explore and compare the validity of this claim against wel...
Afterwards, the 1900s started with the dominance of progressivism, in which many Americans tried to improve and solve the problems that were caused or had arisen because of the industrialization of the Gilded Age. It was basically the time when progressives fought for legislations like regulation of big businesses, an end to the political corruption, and protection of the rights of the people: the poor, immigrants, workers, and consumers. Thus, between the periods 1870 to 1920, big businesses had arisen and taken control of the political and economic systems through corruption and innovations. In response, American citizens reacted negatively and formed labor unions and political systems to diminish the power that large corporations had in America. The growth of large corporations had impacted American politics by causing governmental corruption because of the power some industries had in society.
The late 19th century and early 20th century, dubbed the Gilded Age by writer Mark Twain, was a time of great growth and change in every aspect of the United States, and even more so for big business. It was this age that gave birth to many of the important modern business practices we take for granted today, and those in charge of business at the time were considered revolutionaries, whether it was for the good of the people or the good of themselves.
The social and economic developments of the last quarter of the nineteenth century drastically changed the United States. The business world changed once industrialization was introduced to the world. Opportunities grew as people heard about the boundless American opportunities. Immigrants from all races flooded the cities which doubled in population from 1860-1900 (Barnes and Bowles, 2014, p. 34). However, as industries grew, owners prospered off the hard work of others. People started to feel they were not being treated fairly. People had to work harder and longer for their money. Barnes and Bowles (2014) noted “In the era of industrialization, millions of workers fought to simply have the right to work in safe conditions, and earn a fair wage” (p. 45). Many Americans feared that giant corporations would one day seek to restrict the ability of common people to get ahead and curtail individual freedoms. These fears were particularly strong among farmers, laborers, an...
Near the end of the nineteenth century, business began to centralize, leading to the rise of monopolies and trusts. Falling prices, along with the need for better efficiency in industry, led to the rise of companies, the Carnegie Steel and Standard Oil company being a significant one. The rise of these monopolies and trusts concerned many farmers, for they felt that the disappearance of competition would lead to abnormaly unreasonable price raises that would hurt consumers and ultimately themselves. James B. Weaver, the Populist party's presidential candidate in the 1892 election, summed up the feelings of the many American Farmers of the period in his work, A Call to Action: An Interpretation of the Great Uprising [Document F]. His interpretations of the feelings of farmers during that time were head on, but the truth is that the facts refute many of Weaver's charges against the monopolies. While it is true that many used questionable methods to achieve their monopoly, there were also other businessmen out there that were not aiming to crush out the competition. In fact, John D. Rockefeller, head of Standard Oil and a very influential and powerful man of that time, competed ardently to not crush out his competitors but to persuade then to join Standard Oil and share the business so all could profit.
In the late 1700’s and early 1800’s, big business began to boom. For the first time, companies were developing large factories to manufacture their goods. Due to the new mechanics and cheap labor, factory owners can now produce their goods at a cheaper rate. As big businesses brought wealth and capitalism, it also widened the gap between the wealthy elite and the poor. One class in particular was horribly affected by the growth of big factories.
During his first term as President, Roosevelt put one of his most progressive policies into effect. This policy dealt with labor and anti-trusts. During the early part of the twentieth century the large businesses of the day would combine to form powerful monopolies that kept a strangle hold on all the competition. These trusts, Roosevelt believed, “…have on a whole done great good to our people … but combination and concentration should be, not prohibited, but supervised and, within reasonable limits, controlled.” (World Book, Vol. 16, Pg. 468) In 1902 the United States government, under the influence of President Roosev...
Large corporations used this to their advantage. Profit oriented leaders did little to make suitable working conditions. With the aid of Muckrakers, journalists who exposed the underside of American life, the nation began to understand the "evils" of industrialization (599). More and more did Americans escalate their concern for reforms. The reformists promoting the ideals of Progressivism were moralists and championed the ideals of human rights. Progressivism embraced a widespread, many-sided effort after 1900 to build a better soc...
Producing goods or services are dictated not by employees but by their employers. If profits exist, employers are the ones that benefit more so than the regular worker. “Even when working people experience absolute gains in their standard of living, their position, relative to that of capitalists, deteriorates.” (Rinehart, Pg. 14). The rich get richer and the poor get poorer. Hard work wears down the employee leaving them frustrated in their spare time. Workers are estranged from the products they produce. At the end of the day, they get paid for a day’s work but they have no control over the final product that was produced or sold. To them, productivity does not equal satisfaction. The products are left behind for the employer to sell and make a profit. In discussions with many relatives and friends that have worked on an assembly line, they knew they would not be ...
First of all the workers are treated poorly in many different ways. They don't care about anything except money even though it's their workers. One way they are treated poorly is how much they are getting paid. On page 76 it says, “One of the reasons fast-food workers leave their job so often is that the pay is so low”. The fast food industries pay them so low because it doesn't take a lot of talent to do their job also they can be easily replaced. Also workers are being treated horribly. On page 189 it says, “If a worker's knife becomes dull, additional