During the Industrial Revolution, the five ruthless, innovative capitalists Andrew Carnegie, Cornelius Vanderbilt, John D. Rockefeller, J.P. Morgan, and Henry Ford contributed greatly to the growth of wealth and power in the United States (Schoenthaler, 2018a). However, as a consequence of ruthlessly generating immense wealth, the United States became “the most economically stratified nation on earth” (Schoenthaler, 2018a). Although the five capitalists transformed the United States into a wealthy superpower, they also increased social inequality by taking advantage of workers. By utilizing the plentiful natural resources of the United States, the innovations and production of the capitalists’ companies generated immense wealth and power …show more content…
Under the employment of the powerful capitalists, the workers had long hours and low wages (Schoenthaler, 2018b). Additionally, they worked in poor working conditions and performed mind-numbing work on assembly lines (Schoenthaler, 2018b). These conditions provoked the first of many worker strikes. For instance, one of the first was the Homestead strike against the Carnegie Steel Company (History.com Staff, 2009). When Andrew Carnegie placed Henry Frick, an unethical man, in charge, the workers endured long hours, low wages, and strenuous work (Schoenthaler, 2018b). As a result, the workers went on strike and demanded shorter hours and higher wages (Schoenthaler, 2018b). In response, Henry Frick hired the Pinkerton guards to forcibly remove the workers from the factory (History.com Staff, 2009). Consequently, the battle between the guards and workers resulted in death and injuries on both sides (History.com Staff, 2009). Eventually, the Carnegie Steel Company managed to run the factory again with strikebreakers (History.com Staff, 2009). As a result of these conditions, the capitalists increased the social inequality gap between those of great wealth and of extreme poverty (Schoenthaler,
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
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. The economy was dramatically failing because the wealth had been handed out unfairly and much the industry workers in the mining factories decimated during the accidents that occurred in those horrible working conditions. Due to the corruption of the government in the Gilded age, which lasted from the 1870 to the 1900s, most of the working class poor were barely struggling to stay alive and more family members had no choice but go into the labor force to provide for the family. The robber barons were held with much hostility in the society of American Capitalism. The society tried to look at the world in a scientific perspective that according to Social Darwinist’s theory in America, the human society was viewed in regards to the working class poor and the issues of poverty as a result of their own failure, the lack
“Industrial unions dominated the landscape of the late nineteen century U.S. labor movement.” They gathered all level workers together without discrimination of gender, race, or nationality. They declared the eight-hour workday for the first time when normal work time should be 12. Low wage of workers caused the “Great Strike of 1877”, which began with railroad workers in Pennsylvania and West Virginia. After the “Great Strike”, industrial union started to
In the late nineteenth century, many European immigrants traveled to the United States in search of a better life and good fortune. The unskilled industries of the Eastern United States eagerly employed these men who were willing to work long hours for low wages just to earn their food and board. Among the most heavily recruiting industries were the railroads and the steel mills of Western Pennsylvania. Particularly in the steel mills, the working conditions for these immigrants were very dangerous. Many men lost their lives to these giant steel-making machines. The immigrants suffered the most and also worked the most hours for the least amount of money. Living conditions were also poor, and often these immigrants would barely have enough money and time to do anything but work, eat, and sleep. There was also a continuous struggle between the workers and the owners of the mills, the capitalists. The capitalists were a very small, elite group of rich men who held most of the wealth in their industries. Strikes broke out often, some ending in violence and death. Many workers had no political freedom or even a voice in the company that employed them. However, through all of these hardships, the immigrants continued their struggle for a better life.
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
The Transportation Revolution in the 1800s, sparked up industrialization and the building of railroads that stimulated every other industry causing an economic boom known as the Gilded Age. From the outside, America seemed like the place to go to make all your dreams come true. But in reality, in was an era of serious social problems mainly caused by an economy with a free market policy, low tariffs, low taxes, less spending, and a hands-off government. This type of economy would eventually lead to the development of monopolies. These monopolies would then, in turn, lead to worker uprisings ‒caused by the suppression of unions created mostly by unskilled workers‒ that would contribute to the rapid rise and downfall of America. An example of this suppression is the Homestead Strike of 1892; due to hostility created by the unions, the employer fired all the workers, and rehired them on the basis that there would not be any more unions. After the workers started working again, the conditions were still unbearable, so the workers shut down the facility. The police got involved, the workers were pushed back, and the facility was reopened union free.
In history, it seems inarguably true that when a nation advanced in power and wealth, changes will soon followed. These changes affected the political, economic and social system of that nation, and often came as an advantage for wealthy individuals, while detrimental to others less fortunate. An example of this notion can be seen in American History. After the Civil War and the Reconstruction Era, America quickly surpassed Great Britain in industrial production thus became the leading nation in industrialization. However, great things do not come without a cost; the rapid technological expansion in the US would initiate the crisis of the 1890s. The crisis of the 1890s was the shift from the rural and agrarian society to a modern urban and industrial society.
The era that marked the end of civil war and the beginning of the twentieth century in the united states of America was coupled with enormous economic and industrial developments that attracted diverse views and different arguments on what exactly acquisition of wealth implied on the social classes in the society. It was during this time that the Marxist and those who embraced his ideologies came out strongly to argue their position on what industrial revolution should imply in an economic world like America. In fact, there was a rapid rise in the gross national product of the United States between 1874 and 1883. This actually sparked remarkable consequences on the political, social and economic impacts. In fact, the social rejoinder to industrialization had extensive consequences on the American society. This led to the emergence of social reform movements to discourse on the needs of the industrialized society. Various theories were developed to rationalize the widening gap between the rich and the poor. Various reformers like Andrew Carnegie, Henry George and William Graham Sumner perceived the view on the obligation of the wealthy differently. This paper seeks to address on the different views held by these prominent people during this time of historical transformations.
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...
The early 1900s was a time of many movements, from the cities to the rural farms; people were uniting for various causes. One of the most widespread was the labor movement, which affected people far and wide. Conditions in the nation’s workplaces were notoriously poor, but New York City fostered the worst. Factories had started out in the city’s tenements, which were extremely cramped, poorly ventilated, and thoroughly unsanitary. With the advent of skyscrapers, factories were moved out of the tenements and into slightly larger buildings, which still had terrible conditions. Workers were forced to work long hours (around 12 hours long) six hours a day, often for extremely low pay. The pay was also extremely lower for women, who made up a large portion of the shirtwaist industry. If a worker were to openly contest an employer’s rule, they would be promptly fired and replaced immediately. Also, strength in numbers did not always work. Managers often hired brutal strikebreakers to shut movements down. The local police and justice were often of no help to the workers, even when women were being beaten. At the time, the workers needs were not taken seriously and profit was placed ahead of human life. This was not just a struggle for workers’ rights; it was also a movement for the working class’ freedom.
Beginning in the late 1700’s and growing rapidly even today, labor unions form the backbone for the American workforce and continue to fight for the common interests of workers around the country. As we look at the history of these unions, we see powerful individuals such as Terrence Powderly, Samuel Gompers, and Eugene Debs rise up as leaders in a newfound movement that protected the rights of the common worker and ensured better wages, more reasonable hours, and safer working conditions for those people (History). The rise of these labor unions also warranted new legislation that would protect against child labor in factories and give health benefits to workers who were either retired or injured, but everyone was not on board with the idea of foundations working to protect the interests of the common worker. Conflict with their industries lead to many strikes across the country in the coal, steel, and railroad industries, and several of these would ultimately end up leading to bloodshed. However, the existence of labor unions in the United States and their influence on their respective industries still resonates today, and many of our modern ideals that we have today carry over from what these labor unions fought for during through the Industrial Revolution.
Steel production in the United States keeps one name in mind, Andrew Carnegie, the Master of Steel. Carnegie was a self-made business man who went on to become one of the wealthiest men in the nineteenth century. Carnegie possessed something he called his “gospel of wealth.” The methods by which Carnegie gained his wealth is widely criticized. Carnegie also had multiple sneaky business plans as well. The author relates the failure of Carnegie to the failure of America as well. Due to a small percent of the population controlling most of the money it caused many problems not only socially but also economically. The Master of Steel, Andrew Carnegie, was a genius during his time but had many unfortunate repercussions as a result of his actions.
Divisions within the social stratum is a characteristic of societies in various cultures and has been present throughout history. During the middle ages, the medieval feudal system prevailed, characterized by kings and queens reigning over the peasantry. Similarly, in today’s society, corporate feudalism, otherwise known as Capitalism, consists of wealthy elites dominating over the working poor. Class divisions became most evident during America’s Gilded Age and Progressive era, a period in time in which the rich became richer via exploitation of the fruits of labor that the poor persistently toiled to earn. As a result, many Americans grew compelled to ask the question on everyone’s mind: what do the rich owe the poor? According to wealthy
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.
The industrial revolution began in Europe in the 18th century. The revolution prompted significant changes, such as technological improvements in global trade, which led to a sustained increase in development between the 18th and 19th century. These improvements included mastering the art of harnessing energy from abundant carbon-based natural resources such as coal. The revolution was economically motivated and gave rise to innovations in the manufacturing industry that permanently transformed human life. It altered perceptions of productivity and understandings of mass production which allowed specialization and provided industries with economies of scale. The iron industry in particular became a major source of economic growth for the United States during this period, providing much needed employment, which allowed an abundant population of white people as well as minorities to contribute and benefit from the flourishing economy. Steel production boomed in the U.S. in the mid 1900s. The U.S. became a global economic giant due to the size of its steel industry, taking advantage of earlier innovations such as the steam engine and the locomotive railroad. The U.S. was responsible for 65 percent of steel production worldwide by the end of the 2nd World War (Reutter 1). In Sparrows Point: Making Steel: the Rise and Ruin of American Industrial Might, Mark Reutter reports that “Four out of every five manufacturing items contained steel and 40 percent of all wage earners owed their livelihood directly or indirectly to the industry.” This steel industry was the central employer during this era.