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Robber Barons or Captains of Industry Robber Barons or Captains of Industry 1 January Industry Robber barons were business leaders who built their fortunes by stealing from the public and captains of industry were business leaders who served their nation in a positive way.
These three entrepreneurs were robber barons, for they either did many good things for the nation but had tricks up their sleeve, or were just leaders that treated people unfairly.
Rockefeller was a robber baron because he monopolized the oil industry, barely donated to the community and led the workers to harsh conditions. When Rockefeller monopolized the industry, it was bad enough that he was going against the Sherman Anti-Trust Act ofwhich stated that having a monopoly was illegal.
The trick behind this act was to lower the prices of oil so everyone could afford it. Even though this sounds very beneficial for the community, it was bad once Rockefeller was able to own every single company and raise the prices back up, leaving the people with no choice.
Since automobiles were also much cheaper and more consumers were buying them, it would lead to Essays on robber barons consumers buying oil from Rockefeller and only him.
People stated he was a captain of industry because he helped people in poverty, but raising prices back up would not make it any better. Even though he gave bonuses and high wages so they could work harder, only the unemployed men were allowed to work and had to follow strict rules.
Since the workers did want to obey these harsh rules, it led to the Ludlow Massacre of where Rockefeller sent out the National Guard to stop them, killing 13 strikers and 32 women and children. Andrew Carnegie was another entrepreneur that was a robber baron. He treated his workers badly, had a monopoly, and bribed people through vertical integration.
Carnegie barely paid them anyway and he cut their wages, leading them closer and closer to a strike. The working conditions were also dangerous, leaving them with injuries due to their fingers or arms getting cut off in the machines. This resulted in the Homestead Strike, refusing to let the strikebreakers take over their jobs.
Shooting broke out, leaving some strikers dead. Carnegie also used the methods of vertical integration and horizontal consolidation. Vertical integration is when Carnegie bought out all suppliers to control all the stages of the manufacturing process, such as transportation, raw materials, and etc.
One of his good friends, Theodore Roosevelt, was an example of whom he bribed so he can buy out his suppliers with no one knowing. Even though Carnegie built schools, libraries, homes, and railroads with most of his money, he still wanted profits from everything and tricks to bribe people into getting more.
Finally, Henry Ford was also a robber baron. He glorified only himself, bribed his workers, and was anti-Semitic.
Ford was seen as a great man for building hospitals, museums, etc. He was also glorified for sending out ships to Europe to stop WWI with no profit, but when he arrived at Europe, he went right back to America.
The first thing he was known for was scientific management and strengthening the mass assembly line, which would make the workers work harder but be happier. Although, this led to mass production, which gave him the benefit of higher profits.
Ford also bribed his workers. Although he paid them very high wages and reduced their working hours, he only did this so they would not form a Union to rebel against him.
Since the workers could also only purchase things from where they work, Ford got back their wages most of the time, which was also a good reason to increase their wages. Finally, Ford was anti-Semitic. Overall, Henry Ford, John D. Roosevelt and Carnegie had monopolies and were controlling leaders, were tricky business partners just like Ford, who was also selfish and glorifying for all the wrong reasons.
Each entrepreneur are not captains of industry, but robber barons; people who manipulate the people for their own benefit.If you are a K–12 educator or student, registration is free and simple and grants you exclusive access to all of our online content, including primary sources, essays, videos, and more.
For everyone else, a one-year subscription is $25, and includes access to our Collection, essays by leading historians, and special programs and events. Better Essays words ( pages) Essay on Robber Barons and the Gilded Age - Robber Barons and the Gilded Age Did the Robber Barons and the Gilded Age of the ’s and early 20th Century have a negative impact on 21st Century Corporate America today.
Carnegie, Rockefeller, Morgan, and Vanderbilt all had something in common, they were all. Robber Barons A topic that includes anything that has to do with a robber baron is usually a very controversial topic because of what a robber baron is. At the time robber barons made the economy a very unfair playing field for all.
Robber Baron grupobittia.comn of Industry?John D. Rockefeller was the guiding force behind the creation of the Standard Oil Company, which grew to dominate the oil grupobittia.com company was one of the first big trusts in the United States, thus much controversy and opposition arose regarding business strategies and its organization.
The Robber Barons Essays: Over , The Robber Barons Essays, The Robber Barons Term Papers, The Robber Barons Research Paper, Book Reports. ESSAYS, term and research papers available for UNLIMITED access. What are robber barons? what did robber barons do during the railroad era? * Robber Barons was the negative term for the titans of industry or, as Professor Donald .