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Big business in the gilded age dbq
American society during the Gilded Age
Chapter 16 america's gilded age
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The Gilded Age marked a period of industrial growth in America. Mark Twain termed the period of 1865 to 1896 as the “Gilded Age” to {indicate} the widespread corruption lying underneath the glittering surface of the era. Known as either “captains of industry” or “robber barons,” several prominent figures shaped this time period; these capitalists gained great wealth and success with their industries. Corrupt and greedy are two words associated with the term “robber barons,” which referred to the capitalists who acquired their great wealth in less than admirable and ethical ways. On the other hand, many referred to the capitalists as the “captains of industry” that were celebrated as admirable philanthropists; their way of acquiring extreme …show more content…
Rockefeller was the founder of the Standard Oil Company who utilized horizontal integration to dominate the oil industry; Rockefeller was another capitalist considered to be a “robber baron” of industrial America between the time period of 1865 and 1909 who acquired a great amount of wealth. This money was acquired with the usage of cutthroat tactics that disadvantaged his competitors immensely; Rockefeller did anything to increase his own wealth. He ran competitors out of business, lowered his prices drastically in places where competition was rough, and even threatened companies into bankruptcy, such as Ida Tarbell’s father’s business. Rockefeller believed that industrial combinations were a necessity and firmly believed in them being of benefit to the public (Doc. 6). James B. Weaver, a Populist presidential candidate, however, {disproves} this alleged belief that trusts were for the benefit of the public {theory} in his book A Call to Action by stating that trusts are the product of “threats, intimidation, bribery, fraud, wreck, and pillage” (Doc. 3). He further discredits trusts by providing an example of how the Oat Meal Trust in 1887 proved to be extremely unfortunate for and to the disadvantage of the laborers at the mills who lost their jobs (Doc. 3). This shows that the trusts that Rockefeller thrived on and made Rockefeller wealthier, though advantageous for consumers and Rockefeller himself, could often be to the disadvantage of the laborers. Rockefeller …show more content…
Often, children were forced to work due to money-related issues, and the conditions they worked in were terrible. Children worked in coal mining, such as at Woodward Coal Mining in Kingston, Pennsylvania (Doc. 7). Children were used to make the process of producing products cheaper, and they were paid low wages; the capitalists hired children just to keep the process of making products going and to make profit. One cause of child labor in harsh conditions was the unfateful fire at the Triangle Shirtwaist Company factory in New York City in 1911. Teenaged immigrant girls that were employed there worked under sweatshop-like conditions. The building they worked in was inadequately equipped in case of a fire, for the doors were locked, leaving no exit for the girls, and the single fire escape collapsed with the rescue effort; as a result, when the fire started, they were unable to escape. 145 workers were killed, but the company owners were not penalized harshly for this tragedy. This further demonstrates that capitalists were able to get away with the harsh conditions that they put their laborers, especially child laborers, through for their own benefit, which is making more money and using any means to get it, even if those means are low wages and harsh working
Robber Barons and the Gilded Age Did the Robber Barons and the Gilded Age of the 1890’s and early 20th Century have a negative impact on 21st Century Corporate America today? 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.
During the 1800’s, business leaders who built their affluence by stealing and bribing public officials to propose laws in their favor were known as “robber barons”. J.P. Morgan, a banker, financed the restructuring of railroads, insurance companies, and banks. In addition, Andrew Carnegie, the steel king, disliked monopolistic trusts. Nonetheless, ruthlessly destroying the businesses and lives of many people merely for personal profit; Carnegie attained a level of dominance and wealth never before seen in American history, but was only able to obtain this through acts that were dishonest and oftentimes, illicit.
...interpretations of their assumption of millions of dollars. Due to their appropriation of godlike fortunes, and numerous contributions to American society, they simultaneously displayed qualities of both aforementioned labels. Therefore, whether it be Vanderbilt’s greed, Rockefeller’s philanthropy, or Carnegie’s social Darwinist world view, such men were, quite unarguably, concurrently forces of immense good and evil: building up the modern American economy, through monopolistic trusts and exploitative measures, all the while developing unprecedented affluence. Simply, the captains of late 19th century industry were neither wholly “robber barons” or “industrial statesmen”, but rather both, as they proved to be indifferent to their “lesser man” in their quests for profit, while also helping to organize industry and ultimately, greatly improve modern American society.
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.
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 Gilded age and the Progressive Era are time periods that played an important role in the development of the American society. The Gilded Age is a period of American history between 1870 and 1900. This term was coined by Mark Twain in the late 1800s. By this, he meant that this period was glittering on the surface but corrupt underneath ("Learn About the Gilded Age"). The Gilded Age is well known for its political scandals and extravagant displays of wealth. At the same time, this was an era of major achievements in the industry and economy, which significantly changed life of American people. The Gilded Age was followed by the Progressive Era which lasted from the 1890s to the 1920s. Progressive Era is well known for its economical, political, social reforms and technological inventions. In my opinion, The Gilded Age had a more significant impact upon the United States than the Progressive Era because it gave rise to new industries, created transportation and communication networks which provided the infrastructure for further development of technology in the Progressive Era.
When a group of people must adapt to a lifestyle distinct from the agricultural lifestyle one would not know what to expect. Like a nation that is just starting, it would take time to construct and enhance laws; it’s a trial and error process. These businesses were starting out and there were no regulations as to how to run them. Unquestionably, there were no laws imposed to aid the labor conditions of these employees like we know today. The testimony and interview proved that the 1800’s took advantage of the work of children, often depriving them of food. It was obvious most children stuck around due to the urgency of money, therefore I am sure employees threatened to replace them seeing how the money was needed for families. For those who worked in factories with heavy, dangerous machinery, they were prone to accidents or even death. According to the sub-commissioner, the young girls picked the coal “with the regular pick used by men” . It is typically easier for a grown man to lift a regular pick than it is for a young girl because of the physical development and obvious age difference. Still there weren’t any regulations to protect children against the harms of labor and their wages were unreasonably
The life of an immigrant in the United States during the Gilded Age was a rough life. During this time period the U.S. went through a dramatic change in dealing with changing infrastructure and masses of people coming over from different countries for a chance at a better life. This time period was characterized by small wage jobs, poor working conditions and the struggle to survive. The Jungle embodies the themes of the Gilded Age with first hand experiences of an immigrant's hardships of life.
The Incorporation of America sets a high standard for itself, one in which it doesn’t necessarily meet; however, the work is still expansive and masterful at describing the arguments of the Gilded Age.... ... middle of paper ... ... “Machines employed in production under the present system are “absolutely injurious,” rendering the workman more dependent; depriving him of his skill and of opportunities to acquire it; lessening his control over his own condition and the hope of improving it; cramping his mind, and in many cases distorting and enervating his body.”
From the period between the 1870’s through the 1890’s, it became an era known as the Gilded Age. The term was characterized by a famous American Literature author named Mark Twain. The writer tried to point out that the term means that while on the outside society may seem perfect and in order, underneath there is poverty, crime, corruption, and many other issues between American society’s rich and poor. This era’s gild is thicker than the cheaper material it’s covering. This can be shown through the countless numbers of achievements and advances America has made during the period of reconstruction and expansion, industrialization, and foreign affairs.
The captain of industries were businessmen who also benefitted society through their accumulation of wealth, using methods such as increased productivity, the expansion of markets, offering up new jobs to the working class, and other acts of generosity. All of the notable industrialists dubbed “robber barons” were also named “captain of industries” as well. Therefore, there have been many debates as to whether the term “robber barons” really did justice to the industrialists, when taking into account of their effects on America’s economy, and not just the negative aspects. While the robber barons did harm specific groups of people in order to meet their selfish goals, as well as execute ruthless tactics to surpass their competitors, they have also created an economic boom in which they created larger manufacturing companies, created many employment opportunities for the working class. Even though robber barons went to extreme measures and harmed others in their pursuit of wealth, they have also, and built a stable and prosperous
From the late 1800s to the early 1900s, the Gilded Age was a time of American inventions and innovation. As the work place transitioned from rural plantations to industrialized cities, specialized farmworkers stood no chance against a handful of powerful businessmen. A large majority of the socioeconomic power resided in the hands of large corporations, as they dominated the economy and its workers. In Makers, Takers, and Fakers, the author specifically targets Andrew Carnegie and John D. Rockefeller who monopolized the steel and oil industries, respectively. Although the author believes the development of the large corporations during the Industrial Revolution hindered the pursuit of the individual’s American Dream, the large businesses actually set the foundation for today’s economy and offered new opportunities for success.
...ve-it” basis. Many of the workers were injured or killed in industrial accidents each year because of the unsafe conditions they worked in. men and women weren’t the only ones to work in the harsh conditions there was child labor they were used to move, clean, or fix large machines since they were so small and fit between the parts. The kids that worked were all under the age of fifteen, they missed air, sunshine, fresh air, play, and the chance to attend school and get an education.
By the time 1877 rolled around, the United States was in shambles from the divides and chaos of the Civil War. The Civil War ended in 1865, but it took over a decade before the United States could somewhat reconstruct itself. The years of 1877 and 1900, was the most paramount and vital times in American history. Richard White, from The Gilder Lehrman, so brilliantly mentioned, “They set in motion developments that would shape the country for generations—the reunification of the South and North, the integration of four million newly freed African Americans, westward expansion, immigration, industrialization, urbanization.” (White)
Look around at our society today, would it be the same if not for the Gilded Age?? The Gilded Age resulted in many things that people still benefit from to this very day. The Gilded Age was an age of economic growth, especially in the North and West. Millions of European immigrants were attracted to the United States. The European wages, especially for skilled workers, were much lower than in America. Wages in the US grew at a very fast rate and continued to rise. The increase of industrialization means, an increasing labor force. However, even with an increase in jobs the Gilded Age was also an era of poverty as very poor European immigrants moved to the United States. The major industry was railroads, but labor unions, mining, and the factory system also increased in importance. One major nationwide depressions known as the Panic of 1893 stunted growth. The South remained devastated economically; its economy became tied to tobacco and cotton production, which suffered low prices. African Americans in the South lost their right to vote. The political outcome was notable despite some corruption, elections between the evenly matched parties were close and turnout was very high. The biggest issues were economic: tariffs and money supply, and cultural: especially including prohibition, ethnic and racial groups, and education.