Jay Gould Essay
Jay Gould was a financial mogul during the Gilded Age. He was among the wealthiest men in America because of his works as a railroad developer and speculator. He was also a financier, which was at that time, a person who made a living from investing large amounts of money in order to get money back. He was also a considered by many Americans as a Robber Baron. Unlike the likes of John D. Rockefeller, he did not have a wealthy background. His mother and father did not have a lot of money. His father was a farmer and a store owner in Roxbury, New York. His whole life can be classified as a rags to riches story that is derailed into a corrupt and vilified track.
Jay Gould, other than a financial mogul, was a railroad executive. He managed the several railways in the 1860s. Around 1867, Jay Gould began to manage the Erie Railroad along with his partners Daniel Drew and Jim Fisk. The trio struggled to keep control of the railroad because of a certain individual by the name of Cornelius Vanderbilt. In order to get the stocks to be legal, they participated in despicab...
Hill a market engineer was known best for being the builder of the Great Northern railroad. He was the onl y entrepreneur in the ninetiinth century who did not get any goverment funds to build his rail roads. His philosophy guided him to succeed and flourish through all the depression and fierce competion, receiving no tax payers dollars. He build the most efficient railroad lines, building the line straight as possible, taking in consideration the best elevations and useing the highest quality bessemer rails. Because he took no Federal aid he formed private contracts with Indian reservations in North Dakota and Montana. Doing this let him cut fuel costs alot and made rail repairs very low. He also Promoted exports, by giving land to immigrant along the line and showed them how to farm. He did experiments on what could be grown and how to produce it in the best way and the best quality. Doing this he was able to export wheat from the farms and also increase the population of the region. Then another thing that made him strive was he only expanded as profits allowed. He moved way slower than the other railroad companys, but when he was done his finances were well in order and sound. He was able to buy out St. Paul and Pacific Rail, also he invested 6 million dollars into 2 steamships and began exporting products from america to china, India, and Japan. this increased Us exports to japan from 7.7 million dollars to 51.7 million dollars in nine years. Also supplying
Shortly after Gould left for Wall Street he made a modest profit by shorting railroad stocks in the panic of 1857.He had made a modest and profitable investment. He then went long in several railroads, shortly after the panic and his timing prooved to be extremely accurate.
Many people consider Rockefeller a robber of industry because of his forcible ways of gaining his monopolies. Rockefeller was fond of buying out small and large competitors. If the competitors refused to sell they often found Rockefeller cutting the prices of his Standard Oil or in the worst cases, their factories mysteriously blowing up. Rockefeller was obsessed with controlling the oil market and used many of undesirable tactics to flush his competitors out of the market. Rockefeller was also a master of the rebate game. He was one of the most dominant controllers of the railroads. He was so good at the rebate that at some times he skillfully commanded the rail road to pay rebates to his standard oil company on the traffic of other competitors. He was able to do this because his oil traffic was so high that he could make or break a section of a railroad a railroad company by simply not running...
Cornelius Vanderbilt is most recognized in the United States history for building the New York Central Railroad System and expanding this system to be over 2,400-miles long. From when Vanderbilt was only eleven-years-old, to the day he died, he was working hard, making money, and becoming known as one of the richest persons of, not only his time, but all time. Vanderbilt was also known for his impeccable business skills in the boating and railroad industry, and how he made such a fortune through these two things. Throughout United States history, many people are admired for their hard work and dedication to their businesses and how successful they are in their fielf, but Cornelius Vanderbilt will always be remembered as the most successful, competitive, hard-working, and intelligient businessman in the hisstory of the United States. (Childhood, Life Achievements & Timeline: Who Is Cornelius Vanderbilt? Everything You Need to Know. Page
Nobody knew any better so Gould and Fisk took the idea and ran with it. There were no rules back then Mark Cuban said in the video whatever it took to take your opponent down you did it and thats what Fisk and Gould were trying to do to Vanderbilt. Not knowing what was happening to him Vanderbilt continually bought shares and did not realize he was being scammed and flooded. He bought 7 million dollars worth of watered down stock, according to the video. Gould and Fisk took it to the press so that everyone could know they defeated the Commodore in this battle. Vanderbilt realizes the railroads are being overbuilt so he looks into innovation instead of continuing to buy railroads he just improves the ones he owns which is the key resource, oil. Vanderbilt knew this would put him in complete control of all railroads. John D. Rockefeller became the man to be when he founded standard oil. Everybody wanted to negotiate with him but the main person Rockefeller wanted to do business with was Vanderbilt. Vanderbilt needed Rockefeller and vise-versa. Rockefeller filled all of Vanderbilts trains with his oils while Vanderbilt payed him for
In F. Scott Fitzgerald’s The Great Gatsby, Jay Gatsby provides the reader with a unique outlook on the life of the newly rich. Gatsby is an enigma and a subject of great curiosity, furthermore, he is content with a lot in life until he strives too hard. His obsession with wealth, his lonely life and his delusion allow the reader to sympathize with him.
The year after he dropped out, he worked on Lake Superior fishing for salmon and digging for clams. One day, he saw a yacht owned by Dan Cody who was a wealthy copper mogul and rowed out to warn him about a coming storm. The grateful Cody took young Gtz, who gave his name as Jay Gatsby. On board, Gatsby worked as Cody’s personal assistant. Traveling with Cody to the Barbary Coast and the West. At that time ,Gatsby fell love with wealth and luxury. When Cody died, he left Gatsby $25,000. But Cody’s mistress prevented him from claiming his inheritance. Gatsby then dedicated himself to becoming a wealthy and successful man. At the same time ,he had gained the skills of making money which was vital to his success, However, his poor background and exorbitant desire for wealth and success were obstacles to him.
Why do people feel they need to lie when under pressure? lying is a way to falsify the truth by creating entities or situations that cover the truth. In this case Jay’s wild had gave police information on the syed case in 1999. However recent information provided in a 2015 interview does not match the information given to police in 1999. Jay essentially lied to police but not supplying them with the real information. People feel the necessity to lie while under pressure because of their image,responsibilities,and fear of consequences.
As mentioned, it is accurate to allot the title of “robber baron” to the industrial leaders of the time in that they employed various, considerably unethical, methods in order to obtain untold riches. Such a notion is quite evident in William H. Vanderbilt’s own words, that, “[t]he railroads are not run for the benefit of the ‘dear public’-that cry is all nonsense they are built by men who invest their money”. (Document A) Vanderbilt even goes so far as to say something such as, “[t]he public be damned”, so to demonstrate he does not care for the opinion and state of the public, but rather only of his own and of his fellow financiers. Such statements prove that Vanderbilt sought to further his wealth, whether or not ...
Gould had a series of ways to get his wealth and some failed but in the end everything went his way. Jay wanted to make a huge profit by buying gold cheaply and selling it when the price rose. When the price of gold was good, Gould started to quietly buy up gold. On 24th of September 1869, the government’s gold hit the market and price of gold went way down and Gould lost money. Gould once ...
John D. Rockefeller, born on July 8, 1839, has had a huge impact on the course of American history, his reputation spanning from being a ruthless businessperson to a thoughtful philanthropist (Tarbell 41). He came from a family with not much and lived the American dream, rising to success through his own wit and cunning, riding on the backs of none. His legacy is huge, amassing the greatest private wealth of any American in history. Rockefeller’s influence on our country has been both a positive and a negative one, he donated huge sums of money to various public institutions and revolutionized the petroleum industry. Along with all the positives to the country, Rockefeller also had many negative affects as well, including, by gaining his riches by means of a monopoly, often using illegal methods, by giving others a reason to frown upon capitalism, and by hurting smaller businesses.
Jay Gatsby is a wealthy young man living in a Gothic mansion in West Egg, where the New Money live. He is famous for the lavish parties he throws every Saturday night and represents the...
Fitzgerald uses allusion to refer to John D. Rockefeller and all that he stands for to jab at society's attitude of awe towards the rich. During the time the book was written, Rockefeller amassed his wealth in the millions, making him one of the three richest men in the world at the time along with J.P. Morgan and Andrew Carnegie. Rockefeller never tried to hide the fact that he hated competition, viciously attacking and destroying all that opposed him. Through using vertical integration, bankrupting opponents, creating monopolies, and manipulating the market, Rockefeller exemplified the cruel, evil power the wealthy had on those less fortunate. However, Fitzgerald wrote that the “gray old man bore an absurd resemblance to John D. Rockefeller” and had “a basket, swung from his neck, [that held] a dozen very recent puppies.” Fitzgerald's description of the man essentially is a description of a homeless man trying to earn some spare change. By comparing this penniless hobo with the wealthy Rockefeller, Fitzgerald asserts through allusion that the wealthy are human just like everyone else, and can be better off or worse off than any common person. However, the penniless dog seller succee...
Jay Gatsby is the epitome of a tragic hero; his greatest attribute of enterprise and ambition contributes to his ultimate demise, but his tragic story inspires fear amongst the audience and showcases the dangers of allowing money to consume one’s life. To qualify as a tragic hero, the character must first occupy a "high" status position and also embody virtue as part of his innate character. In Fitzgerald’s novel, the tragic hero Jay Gatsby was not born into wealth but later acquired social status through bootlegging, or selling illegal alcohol during Prohibition. When he was a child, James “Jimmy” Gatz was a nave boy from North Dakota without any family connections, money, or education who was determined to escape his family’s poverty through hard work and determination. Once he enrolls in the army, however, Gatsby gets “’way off my ambitions, getting deeper in love every minute, and all of a sudden I didn’t care” (151) when he meets who he believes to be the girl of his dreams—Daisy.
The origin of wealth is a key factor for deciding which social class each character in The Great Gatsby belong to. Jay Gatsby is the character who made the greatest social mobility. The other characters use him for his parties and hospitality but they do not consider him as an equal. This is something that is evident particularly on page 66 in the novel when Gatsby tells his story to Nick Carraway, the novel's narrator, and Nick describes Gatsby's phrases as so threadbare they lack credibility. No matter how much money Gatsby makes he is never going to be good enough for either Daisy or the other characters.