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The philanthropy of andrew carnegie; did it make him a hero
The philanthropy of andrew carnegie did it make him a hero essay
The philanthropy of andrew carnegie: did it make him a hero
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Overall, the industrial giants were captains of industry. The first example to why the industrial giants were captains of industry was their belief in philanthropy. “Andrew Carnegie donated about 90 percent of the wealth he accumulated during his lifetime” (Danzer 244). During the industrial era, poverty stricken areas weren't uncommon. Industrial giants like Andrew Carnegie desired and succeeded in becoming philanthropists, giving large sums of their own money to charitable organizations like churches and universities during their lifetime. Philanthropy proves that the industrial giants were captains of industry. The second example to why the industrial giants were captains of industry was traits of a good businessman. “Rockefeller came to
dominate the oil industry through a combination of hard work, efficiency, foresight and ruthless business practices...Rockefeller was industrious, honest, and exacting in all of his business dealings” (Bower 19). During the industrial era, everyone was desperate to make money, so competition was always present in every industry. Using their innovative business practices, industrial giants like, Rockefeller, outsmarted all of his competition and rose to the top of his industry industry. He knew how to run his industry and did so with great intelligence and judgement. Industrial giants like Rockefeller having business savvy traits proves that they were captains of industry. The third example to why the industrial giants were captains of industry was their rise from rags to riches. “Six years later, he worked his way up to become private secretary to the local superintendent of the Pennsylvania Railroad...His boss...giving him a chance to buy stock..Soon Carnegie received his first dividend” (Danzer 241). During the industrial era, only a small percentage were born with enough privilege and money to kickstart a career and live luxuriously. Most industrial giants like Andrew Carnegie, were born into poverty. Although he died the richest man in the world, Carnegie showed the world his capability to make a name and fortune for himself. His rags to riches story proves that the industrial giants were captains of industry. Philanthropy, traits of successful businessmen, and a rise from rags to riches all prove that overall the industrial giants were captains of industry.
Cornelius Vanderbilt was a captain of industry. He came from a poor family and turned into a captain of industry controlling 85% of rail road and inspiring others to follow suit. He did many great things and not so great. Went from making a steamboat ferry to Grand Central Station. By the end of his life he had more than $100 million dollars.
Morgan, Rockefeller and Carnegie were all robber barons. They all showed that they were robber barons because they were all cruel and ruthless. John d. Rockefeller was a cruel and inhuman person to his worker. He treated his workers like slaves, low pay, long working hours and he disliked union activity from anyone. Andrew Carnegie another ruthless person that would stop at nothing to win. He would compete against others and fiercely try to squash the opponents. He was a very possessive and control person.Morgan mount govern one of the less cruel and ruthless of the two powerful businessmen. Morgan criticized for creating monopolies by making it difficult for any business to compete against his own. These three business man all have done bad
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
Andrew Carnegie and John D. Rockefeller: Captains of industry, or robber barons? True, Andrew Carnegie and John D Rockefeller may have been the most influential businessmen of the 19th century, but was the way they conducted business proper? To fully answer this question, we must look at the following: First understand how Andrew Carnegie and John D. Rockefeller changed the market of their industries. Second, look at the similarities and differences in how both men achieved dominance.
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
Andrew Carnegie, the “King of Steel”, the benevolent employer, the giant of industry, was among the greatest influences of the second industrial revolution. It is sometimes questioned whether Carnegie was the ruthless, sneaky steel tyrant some made him out to be, or the generous, benevolent education benefactor he appeared to be. I believe him to be a combination of both, but more so the great giant of industry.
Industrial development of the late 18th century (around 1865-1900) is often characterized by it’s affluent, aggressive and monopolistic industrial leaders of the likes of men such as Andrew Carnegie, William H. Vanderbilt, and John D. Rockefeller. Due to their ruthless strategies, utilization of trusts, and exploitation of cheap labor in order to garner nearly unbreakable monopolies and massive sums of wealth, these men are often labelled as “robber barons”. At the same time, they are also often referred to as “industrial statements” for their organization, and catalyst of, industrial development; not to forget their generous contributions to the betterment of American society. Therefore, whether or not their aforementioned advances in industry were undertaken for their own personal benefits, one cannot ignore their positive effects on America. Thus, one can conclude that not only were the captains of industry both “robber barons” and “industrial statements”, but that that these two labels, in fact, go hand-in-hand.
Captains of industry were businessmen from the Gilded Age like Carnegie, Rockefeller, Morgan, and Vanderbilt. Industrialists financially benefited the U.S. economy by contributing the most money, which was made from their thriving companies. Also, they set an example of charity and a way of life for others to follow and improved the welfare of the community. Furthermore, they resorted to unscrupulous tactic not only to maximize their profits, but for America’s economic benefit as well.
In the nineteenth century, various inventions like the steam engine stimulated demand for products, thus introducing factories and workshops to manufacture those commodities. The popularization of Manchester initiated assorted reactions towards the industrialization of the cities surrounding Great Britain. While the industrial revolution ensued, numerous concerns occurred which all contemplated the affects of factories and industries engaged by the working division of society. As industry began to evolve for the operational lower classes, the positive, negative, and mutual reactions are denoted by various speakers whom were among the diverse social classes of 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 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
In Harold C. Livesay’s Andrew Carnegie and the rise of Big Business, Andrew Carnegie’s struggles and desires throughout his life are formed into different challenges of being the influential leader of the United States of America. The book also covers the belief of the American Dream in that people can climb up the ladder of society by hard work and the dream of becoming an influential citizen, just as Carnegie did.
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 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
Thesis Statement: The Industrial Revolution ensured that the production of goods moved from home crafts and settled in factory production by machine use, mass inflow of immigrants from all over the world escaping religious and political persecution took place and the government contributed by giving grants to entrepreneurs.