Andrew Carnegie and John D. Rockefeller: Captains of Industry or Robber Barons?

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

When Carnegie decided to go into business for himself, he chose the steel industry, but his success came at the expense of his workers. He decided he should own the entire supply chain from iron mines and coal fields (to supply his raw materials) to ships and railroads (to deliver his products). He expanded rapidly; not

13. One of the secrets of John D. Rockefeller’s success was that he [A] paid attention to the minutest details. [B] was able to drive most other steel manufacturers into bankruptcy. [C] did not waste a lot of money on advertising. [D] concentrated on the “big picture” and did not get bogged down in details. [E] pioneered a division of labor in which he concentrated on financial matters and delegated the technical operations of the industry to his managers. 14. The Sherman Anti-Trust Act [A] was passed because Congress feared that the trusts would stamp out

John D. Rockefeller was a “robber baron” while Andrew Carnegie was a “captain of industry” in the time period of the Industrial Revolution in America. Rockefeller, like other robber barons, used questionable tactics to make a profit. However, Carnegie, as a captain of industry, helped the nation industrialize in a positive way. Both these men helped modernize America in the late 1800’s and led America to be the leader of industrialization by 1880. John D. Rockefeller was more of a robber baron than a captain of industry in our history.

Andrew Carnegie: He was the owner of the biggest steel company that led its expansion. His company produced 1/3 of the steel throughout the whole nation during the late 19th century. Carnegie was one of the leading business people that led America into the industrial era and also one of the reasons why Capitalism was created.

Rockefeller. Carnegie sold his steel business to the United States Steel Corporation which made him extremely wealthy. Being a very generous and charitable man, he donated all of his profits to organizations and people who needed the money more than he did. Carnegie drew his ideas from social Darwinism, based on the Scientific works of Charles Darwin and natural selection or “survival of the fittest.” Rockefeller founded the Standard Oil Company. He became easily one of the wealthiest men in the world and also a major philanthropist .Both Carnegie and Rockefeller donated much of their wealth to educational, scientific, and religious organizations.

The article “John D. Rockefeller: America’s First Billionaire” written by Robert L. Heilbroner displayed a thesis of “Rockefeller was a greedy monopolist who crushed competitors ruthlessly, yet he typified the perfect industrial statesman.” The article states numerous reasons on how Rockefeller was a money scavenger with no regard to other humans, but it also illustrates how he was one of the most successful businessmen. Initially, Heilbroner states, “Rockefeller wanted to own all of the oil and all of the railroads, to create his vast empire.” In accordance, Rockefeller contained about 95% of the oil from simply buying out his competitors. Consequently, Rockefeller also became one of the richest men in American history with his empire. The

Andrew Carnegie is known for being a Captain of Industry who served their country greatly. Carnegie got this title since he ended up one of the richest men on the planet. One motivation behind why Carnegie is viewed as a Captain of Industry is on the grounds that he helped deliver steel in a more proficient manner. Another motivation behind why Carnegie is a Captain of Industry is on account of without him we would not have libraries that are interested in each race, culture, and religion. Carnegie is likewise viewed as a Captain of Industry in light of the fact that despite the fact that he gave all his cash away at last, Carnegie was considered as one of the most powerful person in the United States. Despite the fact that Carnegie is known for being a Captain of Industry, he is also known for being a Robber Baron. Carnegie is a viewed as a Robber Baron since he had his specialists work in his factories which have poor and dangerous working conditions. Carnegie is additionally a Robber Baron in the fact that as he succeeded and moved toward becoming the most richest men in the world. The last thing behind why Carnegie is a Robber Baron is because of when his specialists got up from working for essentially no compensation and went on strike which he chose to have one of his head representatives stop the strike to get Carnegie laborers to work for him once more. To finish up Carnegie changed the world with his innovation of steel and he changed history due to his great innovations and

During the mid-nineteenth century, two symbolic icons of industrial growth and entrepreneurial finesse, Andrew Carnegie – who built an enormous steel corporation, and John D. Rockefeller – creator of Standard Oil, both dominated their respective industries and impacted American society in terms of supplying necessary goods like steel and petroleum, employment opportunity, philanthropic causes which set precedents not only for significant strides of government oversight on big business, but also toward fair labor practices.

The late 1800’s and early 1900’s a new era had commenced; the rise of unprecedented fortunes and unprecedented poverty, loosening social mores, unsanitary food production, the onrush of foreign immigration, environmental destruction—confronted Americans. The rise of fortunes came the rise of the keepers of fortunes, one of which was Andrew Carnegie. His business, which became known as the Carnegie Steel Company, revolutionized steel production in the United States. Carnegie built plants around the country, using technology and methods that made manufacturing steel easier, faster and more productive. For every step of the process, he owned exactly what he needed: the raw materials, ships and railroads for transporting the goods, and even coal fields to fuel the steel furnaces. There are two sides to every person, especially one with money, Captains of Industry and Robber Baron. A Captain of Industry, is a leader in their field. The money their companies generates does not go to them and only them, but they focus on helping the economy, less fortunate, and giving back to the community; creating wealth. The juxtaposition of a Captain of Industry is a Robber Baron. They focus their efforts on benefits for themselves, at the expense of workers, communities and economies.

In addition, Carnegie’s company built the first steel plants in the United States that used the Bessemer steel-making process, a revolutionary industrial development that also produced steel from iron cheaply and efficiently. (Hendrick 5). However, like J.P. Morgan, Carnegie, too, eliminated competition by buying other companies. He also used a method, known as vertical combination. This meant that he bought firms that were interdependent for the supply of raw materials for processing, like railroad companies and iron mines. By owning these businesses, Carnegie was able to reduce his costs and produce steel cheaper. As Carnegie’s methods made the manufacturing of steel faster, easier and inexpensive, he was considered a steel magnate. He created a steel empire by taking ownership or factories, raw materials and transportation infrastructure involved in steel-making in order to eliminate any inefficiencies that would keep him from profiting as much as he could. However, while he put so much effort into keeping his costs down, he did not keep his workers’ best interest at heart. By supplying his products at a lower cost than his competitors, he overworked and

He built schools and helped the general public. On the other hand, Carnegie exploited his workers by underpaying them and made them work too many hours. J.P. Morgan ran various industries. He bought out Carnegie because he did not like competition, but also took part in the banking and rail industry. He joined forces with other businessmen and created trusts, which were eventually ruled out illegal by the Supreme Court.

Industrial giants like Andrew Carnegie and John D. Rockefeller revolutionised business and ushered in the modern corporate

These men were Captains of Industry. These men were Captains of Industry because all three of them donated money to charity. Rockefeller and Eastman thought it was a good thing for everyone to have good medical care. Carnegie donated money to get people to have a good education. All of these men donated money for different reasons. Carnegie donated over $350 million to build over 2,500 libraries. Eastman donated millions of dollars multiple time for children's dental care. And Rockefeller donated $50 million to help with Medical research, Health checks, Preventive care, and to Develop medicines for people that were sick. All of these Captains of industries helped the world in different ways.

He used vertical integration to dominate the steel industry. During the late 1800s, the Carnegie Steel Company was most profitable industrial enterprise in the world. Even though Carnegie did not invent steel and the processes that he used were brought over from other places of the world, including Europe, it is an exceptional popular opinion that Carnegie invented the American Steel Industry. Carnegie was able to create steel at a fair price which was beneficial to America at the time. Countless bridges and buildings were capable of being constructed. This behooved the people in that it led to an economic boom which allowed more jobs