Andrew Carnegie And John D. Rockefeller: Captain Of Industry

The man who was a business legend from the 1800s. The man who rose from having nothing to having everything. The man who obtained the first billion dollars. The man who once controlled “90 percent of the nation’s refineries and pipelines” (history.com). John D. Rockefeller Sr. was a powerful oil tycoon whose legacy would carry on forever. Rockefeller went from only getting a couple of dollars a week to earning millions at a time, with help from no one but himself. But the true question remains; did Rockefeller have a positive or negative impact on American society? During the late 1800s society began to organize business’ into two categories: captains of industry or robber baron’s. Many people argue which one Rockefeller was, but in the overall

Robber baron is a businessman who is rich and is very cruel to workers. They were said to be overcharging when they had a monopoly. A captain of industry is a businessman who gets money for a country to help out. Captain of industry are people of benefits society in a positive way. You have two different people in the business industry.

From the years 1870-1937 John D. Rockefeller was a Captain of Industry and truly was an example of the idyllic American dream. He by his success as a Captain of Industry also set a precedent from then on about the way that other Captains of Industries made their wealth and ran their companies as well. Furthermore, John D. Rockefeller was a Captain of Industry because he built the Standard Oil Company and was a very generous philanthropist. John D. Rockefeller did generate lots of revenue and create many jobs in the United States but it also can be said that he took advantage of the less fortunate by paying them less and buying out competing businesses.

It has been thoroughly debated whether Andrew Carnegie was a captain of his industry or a robber baron. He was a successful entrepreneur that created the Carnegie Steel Company in the late 1800s, a company that monopolized the production of steel. It has been ardently deliberated whether Andrew Carnegie was a robber baron who mistreated his workers and destroyed unions or that he was a captain of industry who paved the way for future steel companies. There are also many accomplished entrepreneurs in the world today that were much like Andrew Carnegie.

Henry Ford, Cornelius Vanderbilt, and Andrew Carnegie were captains of industry and helped shape America into what it is today. A Captain of Industry is someone who is beneficial to America. While Ford, Vanderbilt, and Carnegie were all in different businesses, they still were able to benefit each other. Vanderbilt helped to transport people from place to place, which boosted the transportation industry. Under his influence, Ford was able to produce automobiles. Vanderbilt and Ford both used Carnegie’s steel to build train tracks and cars. These men all contributed to current American transportation, technology, and businesses. Without them, the United States of America would not have evolved into what it is today. In fact, U.S. steel and

Captains of industry were defined as the business leaders whose means of amassing a personal fortune contributed positively to the country or society in some way. Andrew Carnegie and John D. Rockefeller were considered to be captains of industry because with their profits from either their steel company or standard oil company, they give back to the society instead of themselves. They believed in the idea that people give in to you, in which you must give out as well. They established many charitable foundations that allowed them to become well known philanthropist and made them distinguishable from the rubber barons.

Although Carnegie liked to be the tough businessman, he was not a monopolist and did not like monopolists. On the other side of the pool, Rockefeller was dominating the oil industry with no mercy. He believed in primitive savagery in the world of business, where only the fittest survived. He helped coin the term ‘ruin or rule.’ Rockefeller had a great belief in ruthless business, yet Carnegie did not. But in the end both had the most successful companies in their industries.

Two of the most well-known and successful companies of the Industrial Revolution were the Standard Oil Company, and the Carnegie Steel Company. Both were exceedingly successful in virtually removing all competition in their respective fields of business and controlling almost all of the production capacity of their respective products in the United States. Their founders, John D. Rockefeller of the Standard Oil Co., and Andrew Carnegie of the Carnegie Steel Co. conducted business practices that were different from one another in how they dealt with competition as seen in the undercutting or cheap type

Both George Eastman and John Rockefeller also donated a plethora of money to multiple charities making them philanthropists. For instance George Eastman donated money to kids who couldn't afford dental work, and he gave away scholarships to the Massentusats Institute of technology. Also he gave scholarships to Tuskegee Institute for African AMericans who wanted to get an education. Likewise Rockefeller also donated money towards education. For instance he created the University of Chicago and the Rockefeller Institute for Medical Research. Both of which received over $50 million dollars from him alone. Rockefeller also founded the General Education Board which he donated another $50 million dollars to. George Eastman and John D. Rockefeller could have used their money on themselves but instead used their surplus of cash on charities. This just proves the fact that George Eastman and John D. Rockefeller were captains of industry because they were innovators and

Andrew Carnegie. Who was he? Was he just a robber baron or a captain of industry. Andrew was a self made Entrepreneur in the late 1800s. He was the owner of the Carnegie Steel Company which monopolized the steel industry. In 1889 he wrote the famous “Gospel of Wealth” which made the use of libraries to give to the worthy poor that were smart to use them. He also gave away 350 million dollars. On the other side Carnegie’s steel workers were treated poorly by long working hours and reduced wages. He also gave support to the plant manager Henry Frick who hired Pinkerton thugs to intimidate workers on strike and many were killed in the conflict. Andrew Carnegie was sometimes saw as a robber baron taking others money to give away not spending his own money On the other hand people saw him as a captain of industry giving to the worthy poor with libraries and millions of dollars.

This was very common for Rockefeller and the article that George Rice writes to demonstrate the impact that big companies had on the people and their attempting to create a successful economy through businesses. They focused on monopolies and controlled the railroad sand prices, which many consider dangerous since they could not advance in the world as seen through RIces attempt. It weaken the possibility of becoming a “a self made man. “ Similarly those in the economy that focused on selling steel and oil such as samuel

Throughout the developing stages of the United states, many people played very key parts in their way of dealing with industrialization and helping our country grow. Andrew Carnegie is the man known for taking over the steel industry. Carnegie had done his research and planning to try to take over the steel industry. Rockefeller is another big name that will be remembered as the man who took over the oil industry. Rockefeller was a man of his patience and wisdom to force his competition out of business instead of taking over. Now, Rockefeller and Carnegie are two names that sit a top of a fence. Robber Barons on one side and Captains of Industry on the other.

John D. Rockefeller founded the Standard Oil company, and became one of the wealthiest men in the world, propelling America into a new frontier. In the 19th century, kerosene was highly demanded, and there were small kerosene manufacturing companies all over the United States. Rockefeller’s early life was no near the upbringing of a billionaire. His father began as a peddler working to make ends meet as his mother raised his brothers and sisters. He was given a $100 loan to buy a small boat, but by 1870, he established the Standard Oil company. In only 10 years, Rockefeller owned 90% of the U.S’s oil refineries. During this time, many accused Rockefeller as participating in unethical business practices. He collaborated with major railroads to eliminate his competition and used predatory pricing as well as horizontal integration to monopolize the entire oil industry. In 1886, Rockefeller took out a loan to buy

The time period was in the 18th to the 19th century . In the U.S people are getting paid less wages and having some major rules and lastly having punishments. Carnegie was from Duntermline, Scotland, United Kingdom .He started by working a series of railroad jobs but, by 1889 he owned Carnegie steel corporation. He said his job to become a philanthropist and to dedicate his time to expand his philanthropic job . Andrew Carnegie is a captain of Industry because he gave money away 350 millions of dollars , succeeded in this environment and maintained the image of a philanthropist.

The Rockefellers feared the temptations of wealth, yet a visitor once described their estate as the kind of place God would have built if only he’d had the money. They amassed a fortune that outraged a Democratic nation, then gave it all away reshaping America. They were the closest thing the country had to a royal family, but the Rockefellers shunned the public eye. For decades, the Rockefeller name was despised in America, associated with John D. Rockefeller Sr.’s feared monopoly, Standard Oil. By the end of his life, Rockefeller had given away half of his fortune. But even his vast philanthropy could not erase the memory of his predatory business practices. Who was Rockefeller? Was he a ruthless businessman who only wanted to