Analysis Of The Term Captains Of Industry

2304 Words Jul 26th, 2016 10 Pages
Thomas Carlyle coined the term Captains of Industry in his 1843 book “Past and Present” to describe forerunners in business which had accumulated vast personal fortunes and contributed positively to the country through some act. Amidst the second industrial revolution in America, names such as Vanderbilt (Rail), Carnegie (Steel), Rockefeller (Oil), Morgan (Electricity/Finance), and of course Henry Ford (Automobile) are often lionized for their achievements in building America into a modern day power. On the contrary, many of these same figures are also considered Robber Barons; industrialists that routinely cheat investors and consumers, monopolizing activities and perverting government officials by any means for the exploitation of profit. All that is, but Henry Ford.
Indeed, damaging arguments could be made against the former Edison Illuminating Company machinist and Ford Motor Company founder, born July 30th, 1863. Religious activists could call Ford’s anti-Semitic comments through his ownership of The Dearborn Independent as the fuel to Hitler’s “Final Solution.” Some allege, although Ford deserves credit for his factories’ assistance in America’s armament of the Allies in World War II, but he also helped Ford subsidiaries re-tool their assembly lines for the Nazi war efforts in Germany as well. Environmentalists have a strong claim that Ford’s carbon footprint contributions are the root cause of the world’s current climate condition. And it is doubtful Ford’s son…
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