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Effects of robber barons on america
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Firstly in document one, it shows an interview with William H. Vanderbilt, Vanderbilt explains that the railroads are for the benefit of the stockholders and not for the benefit of the consumer. He also says “We only run it because we are forced to do so by the action of the Pennsylvania road. It doesn’t pay expenses. We would abandon it if it was not for our competitor keeping its train on.” like it is a pain for his business to do something that is not making any money. He even says that “the public be damned. What does the public care for the railroads except to get as much out of them for as small consideration as possible?” going even further and saying that the public does not care about his product. In document three which is an article …show more content…
named “Wealth” by Andrew Carnegie, he explains that “it is to law that we owe our wonderful material development which brings improved conditions. He also goes to say that “the law may be sometimes hard for the individual, it is best for the race, because it ensures survival of the fittest.” which he believes thins out the weak and makes the strong stronger. In document five it shows a political cartoon depicting an octopus (Standard Oil Co.) grabbing the Capitol Building, the White House, a trade ship, and Supreme Court Justices. The tentacles grabbing these things are showing that the octopus (Standard Oil Co.) is controlling all aspects of the United States government as well as it controls commerce by having a monopoly on oil in the United States. Secondly, document two is a letter written by Thomas Edison that explains his factory to an investor and how superior it will be to the other factories. He goes on to say, “you are aware from your long acquaintance with me that I do not fly any financial Kites, or speculate, and that the works I control are well managed.” telling the investor that he or she is not wasting money and will get a return on their investment. Document four backs up both parts of the thesis by explaining to the reader that the trusts are “monopolies organized to destroy competition and restrain trade.” The author goes on to say “They limit the price of the raw material so as to impoverish the producer, drive him to a single market, reduce the price of every class of labor with the trade, throw out of employment large numbers persons who had before been engaged in a meritorious calling and finally . . . they increase the price to the consumer.” This whole article explains the corruption in big business and how they are only out to make a buck. This transitions into document six where it is the statement of the Pullman Strikers, it explains that he makes other railroad car companies lower their wages so he has justification to lower his wages. Then they call on the American Railway Union to do something about this—which they do not—and then the United States army gets called in to resolve the issue. Thirdly, document one is an interview with William H.
Vanderbilt written in 1882, during the peak of his wealth. The intended audience is the common folk of the United States, The way the document states the interview it makes it seem as if Vanderbilt is an evil man which in a way he was but at the same time he was a heavy philanthropist, funding Vanderbilt University. The purpose of this article is to show that the robber barons are greedy and are very stuck up about their business. Document two takes place in 1887 where Thomas Alva Edison is striving for a new factory to increase the efficiency of the manufacturing of the light bulb. He writes this to an investor in order to get the sufficient amount of funds to build the factory. He wants to build this factory in order to attempt to gain a monopoly on the light bulb industry. Thomas Edison is credited with inventing the light bulb so he wanted to mass produce it to make a lot of money. In document four, it is 1892 and the robber barons have become mainstream and people are worried about labor unions. The author’s intended audience is to the people of Congress. He writes it in order to inform and hopefully persuade representatives in Congress to do something about these robber barons. James Weaver ran for president twice and he probably pushed for labor unions due to this article and that is probably what made him lose because no major business would want to fund
him. Finally, Jay Gould who started out as a small-time businessman moved to New York City to trade stocks. In a time of unregulated stock trading, Gould quickly learned tricks such as “cornering”—having the greatest share in a particular industry without having a monopoly, as well as, obtaining sufficient control of a particular stock, commodity, or other asset in an attempt to manipulate the market price—and quickly accumulated a fortune. Gould was considered extremely unethical and was widely known to bribe politicians and judges. Gould was involved in the struggle for the Erie Railroad in the late 1860s and in 1869 he and his partner Jim Fisk attempted to corner the stock market on gold. Robber Barons were manipulative and greedy and wanted complete control over their workers and over everything they owned. They did anything to make money as well as do anything for their own benefit.
To urban middle-class Americans of the late 19th century, nothing symbolized the progress of the American civilization quite as much as the railroad. Not only had the great surge in railroad construction after the Civil War helped to create a modern market economy, but the iron horse itself seemed to embody the energy, force, and technology of the new order. In fact, the fanning out of railroads from urban centers was an integral part of the modernizing process, tying the natural and human resources of rural areas to the industrializing core.
John D. Rockefeller as a Robber Baron A "robber baron" was someone who employed any means necessary to enrich themselves at the expense of their competitors. Did John D. Rockefeller fall into that category or was he one of the "captains of industry", whose shrewd and innovative leadership brought order out of industrial chaos and generated great fortunes that enriched the public welfare through the workings of various philanthropic agencies that these leaders established? In the early 1860s Rockefeller was the founder of the Standard Oil Company, who came to epitomize both the success and excess of corporate capitalism. His company was based in northwestern Pennsylvania. A major question historians have disagreed on has been whether or not John D. Rockefeller was a so-called "robber baron".
Andrew Carnegie, the monopolist of the steel industry, was one of the worst of the Robber Barons. Like the others, he was full of contradictions and tried to bring peace to the world, but only caused conflicts and took away the jobs of many factory workers. Carnegie Steel, his company, was a main supplier of steel to the railroad industry. Working together, Carnegie and Vanderbilt had created an industrial machine so powerful, that nothing stood in its path. This is much similar to how Microsoft has monopolized the computer software
Document D resentfully emphasizes the alleged capacity of the corrupt industrialists. In the picture illustrated, panic-stricken people pay acknowledgment to the lordly tycoons. Correlating to this political cartoon, in 1900, Carnegie was willing to sell his holdings of his company. During the time Morgan was manufacturing steel pipe tubing, Carnegie threatened to ruin him by invading his business if Morgan did not buy Carnegie out. E... ...
In Henry George’s article, What the Railroad Will Bring Us, it discusses the main social, political, and economic transformations that the trans-continental railroad would bring to the state of California. More importantly, he discusses not only the benefits, but also discusses the major drawbacks with the arrival of the railroad. Henry George stated the railroad would be the “greatest work of the age” (297). With a railroad stretching from the Atlantic to the Pacific, multiple benefits would be brought to the state of California. First, the railroad will not only create a new means of transportation across the United States, it additionally would also become “one of the greatest material prosperity” of its time (298). This means more people, more houses,
Through the period of 1865-1900, America’s agriculture underwent a series of changes. Changes that were a product of the influential role that technology, government policy and economic conditions played. To extend on this idea, changes included the increase in exported goods, the availability of products as well as the improved traveling system of rail roads. In the primate stages of these developing changes, farmers were able to benefit from the product, yet as time passed by, dissatisfaction grew within them. They no longer benefited from the changes (economy went bad), and therefore they no longer supported railroads.
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.
In a mere 5 years, Vanderbilt used his power to uphold most of the New York Central Railroad system. Vanderbilt, like in his steamboats, strived to be the best on the railroads. Vanderbilt established many railway systems during his railroad career, maybe his most famous was that of the one that connected New York and Chicago in a direct rail route in 1873. At the time of Vanderbilt’s death in 1877, he was worth over $100 million dollars, the most at that time. Another questionable hard working man is that of John Davison Rockefeller.
The Robber Barons, as they were called, were the kings of American Industry and American Society during the late 1800's and early 1900's. Rich beyond the average man's wildest dreams, these industrialists were often criticized for their philosophies and their ways of making money. Robber Barons can also be viewed as immoral, greedy, and corrupt, and the evidence to support such a view is not difficult to find. Bribery, illegal business practices, and cruelty to workers were not uncommon in this period, and many of the most respected industrialists were also the most feared and hated.
When the names Carnagie, Rockefeller, and Pullman come to mind, most of us automatically think of what we saw or read in our history books: "These men were kind and generous and through hard work and perseverance, any one of you could become a success story like them," right? Wrong. I am sick of these people being remembered for the two or three "good deeds" they have done. Publicity and media have exaggerated the generosity of these men, the government has spoiled these names with false lies, and people have been blind to see that these men were ruthless, sly businessmen who were motivated by your money and their struggle for power.
Ophem, Marieke Van. "The Iron Horse: the impact of the railroads on 19th century American society."
The article “Testimony before a U.S. Senate Committee, 1885” is written by the U.S. Congress as a Report of the Senate Committee in 1885. This testimony takes place during the Gilded Age, an era marked by industrialization, corruption, and American greed. The testifier in this article Thomas O’Donnell, describes what it was like to be a worker during the Gilded Age. O’Donnell is a husband and a father of two children. He tells the senate that he is not very well educated since he had to start working when he was a young boy. During this time child labor was a very common thing. To be able to go to school and participate in the free education system was a luxury that many Americans could not afford. O’Donnell continues to testify how difficult
Just like the bank, railroad companies also scammed the farmers. The railroads regularly used rebates and drawbacks to help win the business of large shippers, and made up this loss in profit by increasing the cost to smaller shippers such as farmers. However, in many ways, the railroads hurt small shippers and farmers because in some cases the railroad company has promised the farmer a set amount of price. Like in Frank Norris' The Octopus, a farmer is promised a two-cent rate for shipping and then is demanded to give five cents (Doc. H). This is not a justified action because the farmer was lied to and taken advantage of.
Although not a natural resource, railroads were considered one of the key factors in almost every widespread industry. It allowed companies to quickly send products across the entire nation without using expensive and time-consuming caravans or wagons. Cornelius Vanderbilt was a prominent leader in the railroad industry at this time. He was already in his later years by the time the Gilded Age rolled around and didn't even get to see the uprising of some of the greatest leaders of the time. The railroad companies took advantage of their necessity by constantly overcharging customers, especially farmers. This led to one of the first labor unio...
Seavoy, Ronald E. "Railroads." An Economic History of the United States: From 1607 to the Present. New York: Routledge, 2006. 188-200. Print.