Captains Of Industry In The Tycoons By Charles R. Morris

More railroads and skyscrapers being built led to an increase in the number of jobs in the country. Morgan financially rescued the U.S. government twice, and he solved the panic of 1907. Plus he even created the first billion dollar company called the “U.S. Steel Corporation”. Eastman created a more affordable

J.P. Morgan: A Master Banker Banking is a key part of today’s society and economy. The Second Industrial Revolution was an era of innovation and profit in the United States. Several men rose to power and led powerful corporations. John Rockefeller owned almost of the businesses in his field (Deverell and White 623).

The first major fortune that Mr. Carnegie reaped from his investment was in the sleeping car. However, after Carnegie came back from the Civil War he realized that the business was no longer in the railroad and telegraph industry, but in the iron industry. This influenced his transition from the railroad and telegraph industry to the steel industry. This would be the best decision he ever made for his career. He ended up becoming a steel giant.

As our country reached the late 1800’s, Americans found themselves face to face with era known as the ‘Gilded Age’. Companies were created and grew rapidly during this time period. Some of the most famous entrepreneurs were John D. Rockefeller and Andrew Carnegie, who seemed to be the perfect models for the ‘rags to riches’ story. Many people debate which entrepreneur was a better role-model. Due to his low prices, the high demand for his products, and the way he sought to eliminate any possible competition, John D. Rockefeller is clearly the better role-model for today’s entrepreneurs.

During the prime of his success, he brought on a lot of attention. Most of the industries in the U.S. were under his belt. By this time, he was the supreme of two major businesses--the railroad and steel industry. The steel industry in particular was the main monopoly he took on. The U.S. government finally stopped Morgan in 1911.

As industry began to grow in America, a select group of pioneers such as Andrew Carnegie became controversial. The controversy was that they were simply rich and took from the poor. People who participated in such acts were referred to as “Robber Barons”. It is often said that Andrew Carnegie was a “Robber Baron” but he was not because in his case, he was one of the first people to bring industry to such a large scale. Without people before him, he had no guidance and therefore it was much harder to conduct business because he was essentially creating his own path.

During the late 1800’s, early 1900’s America began the famous industrial race to success. At the head of the race, yearning for success, was Andrew Carnegie. Scotland born in 1835, Carnegie moved to the United States with nothing but soon grew with prosperous steps, speeding his way to the top as a profitable business man through the steel industry. His path to success may be filled with some hardship of distrust and mishaps with money hungry co-workers, but in the end he created, with his infinite wealth, enormous amounts of buildings and educational centers to benefit mankind in the long run. This is a deed of a kind man.

Andrew Carnegie By some means, Andrew Carnegie journeyed from being penniless to becoming one of the most wealthiest man to exist (McGuire). By getting himself into the metal industry, Andrew Carnegie became a captain of industry who helped to make America strong. In the first place, The metal industry’s most popular iron and and steal, promised Carnegie a future brimful of wealth and success (Kohn).

“Much of the blame heaped on the captains of industry in the late 19th century is unwarranted.” (Document F). The Gilded Age was a time where the U.S. economy grew very quickly and rapidly, due to the inventive minds and entrepreneurs of that time; but it has different perspectives of opinions in history today. This era led the U.S. to its state and place in the present world, thanks to its important contributors, (who are involved in the main debate of whether they were robber barons, unethical men who yearn for money, or captains of industry, leaders who add positive ideas and methods to benefit their country.) The industrial leaders of the Gilded Age are captains of industry, worthy of some gratitude and credit for how our society’s structure

The Rise of Andrew Carnegie If you know anything about the history of the Unites States and the industrialization period, then you will recognize the name Andrew Carnegie. He was not only the inventor of the well-known steel industry we have today, but is also one of the greatest industrialists that has ever existed. Carnegie, however, didn’t grow up wealthy as a child like you would think from all his wealth from the steel industry. Born into his family in Scotland, his parents struggled to make enough money to support Andrew and his other siblings. Growing up poor vastly helped Carnegie when he got older and dealt with the success of the steel mill.

A hero in disguise, a philanthropist at heart, Andrew Carnegie was one of the richest and most successful businessmen in America in the 19th century. Andrew was born November 25th, 1835 in Dunfermline, Scotland then later moved to America, when he was 13, where he worked a series of jobs involving telegraphing and railroad construction. Carnegie, being the mastermind he was, clawed his way out of poverty with hard work and determination into a life of riches when he founded his own steel production company, Carnegie Steel Company, in 1889. As illustrated in Andrew Carnegie’s “Wealth” in the North American Review, he said that you could go from being dirt poor to filthy rich only with a changing civilization and also with hard work, which is

The industrial revolution brought many great inventions and innovations into the world, especially to America, the new world. The United States had many resources available and more importantly for Americans could utilize them for the nations gain. Many businessmen took advantage of this opportunity by building up their businesses and wealth to a standard that many people still look to as a standard of greatness. Many historians have their take on how the men of the industrial revolution changed not only America, but the rest of the world as well. Authors, Charles Morris, Matthew Josephson, and James Nuechterlein point out to historians that the world is full of many different angles and ideas that one can view regarding the Robber Barons or the successful men of the industrial revolution.

Although many citizens viewed capitalists as “Captains of Industry,” they can also, just as easily, be seen as “Robber Barons.” Even though railroads were beneficial to society, they were not without corruption, as shown by the Credit Mobilier scandal. This was a railroad company that paid itself huge sums of money for small railroad construction. In fact, it received twenty-three million dollars in profit. Moreover, the railroad industry could be seen as completely insincere and dishonest because of its monopoles.

A captain of industry can be defined as ¨a business leader whose means of amassing a personal fortune contributed positively to the country in some way.” Andrew Carnegie was an ideal representation of a captain of industry, he was born poor, yet he rose the ranks and became a successful businessman who dedicated his fortune to good causes. Due to his success and innovation in the steel industry and his benevolent donations, Andrew Carnegie was a prosperous businessman who benefited lives across America. Andrew Carnegie furthered the steel industry and brought forward new innovations that advanced technology and market shares for generations. Not only did Carnegie develop technologies, he helped forge new business models.

Leaders in the industry are always based off of two sections, one being a Robber Baron and the other a Captain of Industry. John D. Rockefeller and Sam Walton can both display traits from one of these two categories. Although they both play different roles in the industry, both Rockefeller and Walton have contributed to the economic and political stance of the industry today, making noticeable contributions, whether or not they had made a positive impact on their community and to the future practices of industrialism. Robber Barons are “a ruthlessly powerful U.S. capitalist or industrialist considered to have become wealthy by exploiting natural resources, corrupting legislators, or other unethical means” according to the dictionary. This form