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. Another broader view of industry was that the poor was becoming more impoverished and the rich were gaining more fame. This is described in Henry George’s, Progress and Poverty, in 1879. “The wealthy class is becoming more wealthy; but the …show more content…
This [trust] resulted in the discharge of a large number of laborers who had to suffer in consequence . . . The most distressing feature of this war of the trusts is the fact that they control the articles which the plain people consume in their daily life” (Document E). Finally, the cruel punishment of the workers in the workplace is seen in the previously mentioned, “Concentration of Industry, and Machinery in the United States,” Annals of the American Academy of Political and Social Science. “They [the labor class] reproach the machine with exhausting the physical powers of the laborer; . . . [t]hey reproach it with demanding such continued attention that it enervates, and of leaving no respite to the laborer, through the continuity of its movement . . . They reproach the machine with degrading man by transforming him into a machine . . . [and] with diminishing the number of skilled workers, permitting . . . the substitution of unskilled workers and lowering the average level of wages” (Document G). Through all of these different factors of corrupt industries in America, capitalists could easily be seen as “Robber
This essay will generally analyze the relationship between the government and businesses, and how “Big Business” essentially took control of the Gilded Age. America’s first true big business mostly arose because of the railroads, which is fairly significant, because it essentially helped lead the development of other business barons such as, John D. Rockefeller, Andrew Carnegie, and J. Pierpont Morgan who all had particularly extraordinary accomplishments in shaping our economy. Most of these men who created big businesses after the Civil War were driven by a compelling desire to become rich and influential.
The Gilded Age was an age of rapid economic growth. Railroads, factories, and mines were slowly popping up across the country, creating a variety of new opportunities for entrepreneurs and laborers alike. These new inventions and opportunities created “...an unprecedented accumulation of wealth” (GML, 601). But the transition of America from a small farming based nation to a powerful industrial one created a huge rift between social classes. Most people were either filthy rich or dirt poor, with workers being the latter.
To say the time period following the Civil War in the United States involved a lot of change would be a understatement. Between the years 1870 and 1900 the people of the United States lived through a period of great change. Not only did they witness technological advances that would change their daily lives, they also saw new laws and organizations formed. All of this was done in hopes of improving the country. Many of these changes came about because of the type of businesses that were formed.
The late 19th century was full of growth, production, and business. People were craving power and seemed to achieve this through any means necessary. Consequently, a new business elite formed consisting of the richest men alive. The way in which these individuals acquired all their profits is something very contradictory even over one-hundred years later. Some historians characterize these businessmen as “robber barons” who used extreme methods to control and concentrate wealth and power, and being supported by multiple sources, this statement is justified but only to some extent.
After the Civil War, the Second Industrial Revolution was established due to America’s rapid growth for industry and economics. Capitalists during the industrial period of 1875-1900’s were either accused of being a robber baron or a captain of industry. Some capitalists leaders who were accused of being a robber baron or captain of industry included J.P. Morgan, Andrew Carnegie, Andrew W. Mellon, and John D. Rockefeller. A robber baron is a business leader who gets rich through cruel and scandalous business practices. The captains of industry is a business leader who wants to better the companies in a way that it would be positively contributing to the country.
In the beginning of the 19th century, the Industrial Revolution caused a massive economic spike from small-scale production to large factories and mass production. Capitalism became the prevalent mode of the economy, which put all means of production in the hands of the bourgeoisie, or the upper class. Karl Marx and Frederick Engels argue that capitalism centralizes all the wealth and power in the bourgeoisie, despite the proletariat, or the working class, being the overwhelming majority of the population. The manufacturers would exploit the common proletariat and force them to would work in abysmal conditions and receive low wages, furthering the working class poverty. “The Communist Manifesto” predicts that as a result of the mistreatment
Thesis : After the Civil War, America was in a post-war boom. During the 1870-1890, big business moguls, such as Rockefeller and Carnegie, create huge corporations which not only affected the economy, but also affected the political realm of America. While many may assume that during the rise of these big business helped to change the economy and politics, the real focus was on the responses formed by society, such as labor unions, increase public outcry, and political opposition groups that helped to change society. A: Economically, big business flourished during the late 1800s.
The Captains of Industry were certainly one of the most important factors in the development of United States in the period directly after the Civil War. While there is some merit to the argument that the industrial leaders were Robber Barons that did more harm than good, their contributions to American society clearly outweigh those negatives. The Captains of Industry quite literally revolutionized the American way of life that gave the U.S. the highest standard of living in the world prior to the outbreak of World War I. This was made possible due to the emergence of corporations in areas such as finance, steel, oil, and railroads. When these men combined with other factors, such as the mechanization of agriculture, immigration, migration,
In the second quarter of the nineteenth century, a lot of Americans were moving away from their rural country lives, to work in enormous industrial urban areas. Urban communities were developing, manufacturing production was extending, and immigration from European nations was expanding. Because of growing production lines, the connection between factory owners or managers and their workers radically transformed from the apprentice system. Moreover, factories made a working-class and a middle-class causing a separation. Another way the relationship changed was managers and their apprentices could never again go out to a bar together after work because there were too many workers.
The work was also dangerous with not much supervising by the government. Workers, on the other hand, had little or even no bargaining power to leave the unsafe conditions. Nowadays, When Americans only pay attention when extreme work strike, levels of abuse are the norm hidden in the factories around the globe. Although the condition seems much improved, consumers don’t know the true fact- “Today, American citizens simply cannot know the working conditions of the factories that make the products they buy.
In Andrew Ure’s “The Philosophy of Manufactures,” he shows his support for the Industrial Revolution. Ure believed that all of the improvements in technology made workers’ lives easier. The new technology allows workers to produce more products in less amount of time, which would equal greater productivity, which would then equal more wealth for companies and for the country. Ure makes an argument that the people who work in factories have better lives than those who live and work on farms, because of the advanced technology that factory workers have access to. Ure also presents the argument that factory workers are not necessarily treated unfairly just because they do not receive breaks while at work.
During the Progressive Era, most employers were not concerned with workers rights and focused more on profit than human rights or safety. The poor working class, as well as immigrants who had worked in the United States for a while, became infuriated over the unfair treatment and working conditions of which they suffered. Hugh Rockoff explains, “…industrialization had alienated the workingman…” (Rockoff 747).
His work, The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy, allows readers to see a more picture perfect outlook on what the lives of these men entitled. Morris’s book was published in 2005, which allows readers to get a perspective from a long period of time and closer to reality rather than other historians writing on this era. The last author that allows readers to view the Robber Barons in a different manor is James Nuechterlein in his journal article Gifts of the “Robber Barons.” Nuechterlein wrote this article in 2007 allowing readers to view the men through historical resources that he uncovered. His stance shows a more balanced approach to the Robber Barons rather than saying one or the other was a better man than the other.
Robber barons, specifically Andrew Carnegie, an industrialist and John D. Rockefeller, a philanthropist, were the chosen, elite members of society according to the doctrine of Social Darwinism. Darwinism is when evolution occurs and the strongest organisms of an ecosystem survive and reproduce to outnumber the weaker, less fit organisms of an ecosystem. Similarly Social Darwinism follows the same concept, but in a capitalist sense of thought. Those who were able to exploit the Gilded Age’s laissez faire economy to their own benefit, like the robber barons Andrew Carnegie of Carnegie Steel and J. D. Rockefeller of Standard Oil, were the fittest members of society because they were able to survive in the grueling and ruthless free economy. By usurping all of the fresh yet unfit immigrants that were flowing into the States due to the rise of urbanization, these two men integrated these easily-manipulated people into their factories to augment their profits.
Extra Credit Paper: Corruption Hidden among the Transcontinental White, Richard. “Information, Markets, and Corruption: Transcontinental Railroads in the Gilded Age” The Journal of American History 90:1 (June, 2993) 19-43 The Gilded Age described an era within the United States History that marked high economic growth and masked serious social problems. An increase in industrialization attracted many to a number of new opportunities to become part of the rising industries.