Gilded Age: Captains Of Industry

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

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

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