Robber Barons Dbq

A Review of The Myth of the Robber Barons a book by Burton Folsom JR.

While they were only getting richer with their corrupt methods, the poorer classes were getting poorer because of the money they spent on the capitalists’ goods. In “The Robber Barons of Today, 1889”, the robber barons are seen with their “knightly” attire while the poor pay “tribute” to them. (Doc D) It represents the poor paying the “amazing” capitalists and being subservient for the goods they need. Also, in Henry George’s Progress and Poverty, 1879, it said that the gulf between the classes is getting wider and wider. Because of the industrial tycoons taking the poor’s money, they are getting richer. They are also providing fewer jobs since the industries usually have one major company for a particular manufacturing, and so “the poorer class is becoming more dependent” on the capitalists to provide jobs and goods. (Doc A) The robber barons took the poor’s money to become wealthier and to feed their greed while worsening the gap between the social

Mr. Folsom wrote The Myth of the Robber Baron because he believed sides of how America became a world power was left out due to some entrepreneurs who help paved the way for businesses today. With that belief, there is an abundance of knowledge to be learned starting from the first chapter of Vanderbilt versus Collins/Fulton paving the way for the future of business dealings. Knowledge to be gained was presented by Victor Niederhoffer where he states the reasons to read The Myth of the Robber Barons as “making the reader understand the sources of wealth and progress in society, hinting on how to run a business successful and showing the key to success in business was lowering costs, attention to detail, improved technology and sound financial structure” (Niederhoffer). Furthermore, today’s business-government relationship is ever important because the government has continue to dabble in the expansion of business industries by covering costs and imposing taxes without developing opportunities for businesses to create themselves and provide the goods and services that is needed to keep The United States as a world power. Now more than ever, good and services are being provided by countries not named The United States and government is allowing those standards to continue because its cheaper for businesses outside America to develop goods and services for Americans. Ultimately, The Myth of the Robber Barons is influential to today’s businesses because it reveals the implications of political involvement through government and not where it needs to be, which is in the hands of the

The Gospel of Wealth is primarily about the dispersion of wealth and the responsibilities of those who have it. Carnegie thinks that inheritance is detrimental to society because it does not do any good for the

The post-Civil War era was an era filled with political corruption, economic industrialization, and social urbanization largely due to an great surplus budget. With this being the case, the industrial capitalists, such as Andrew Carnegie, John D. Rockefeller, and others, were leaders in this societal boom. However, it would be appropriate to say that most industrial capitalist could be accurately characterized as “robber barons” for they often unethical, self-interested, and corrupt.

While the rich were getting richer, the poor were getting poorer. As Henry George said in his book “Progress and Poverty”, “The wealthy class is becoming more wealthy; but the poorer class is becoming more dependent. The gulf between the employed and the employer is growing wider; social contrasts are becoming sharper; as liveried carriages appear; so do barefooted children.” The United States was becoming dependent on these “Robber Barons” for jobs because of the influx of immigrants. Employees worked extremely long hours at a ridiculously low rate while owners made millions. The government, meanwhile was enjoying a wonderful Gilded Age.

Accurately established by many historians, the capitalists who shaped post-Civil War industrial America were regarded as corrupt “robber barons”. In a society in which there was a severe imbalance in the dynamics of the economy, these selfish individuals viewed this as an opportunity to advance in their financial status. Thus, they acquired fortunes for themselves while purposely overseeing the struggles of the people around them. Presented in Document A, “as liveried carriage appear; so do barefooted children”, proved to be a true description of life during the 19th century. In hopes of rebuilding America, the capitalists’ hunger for wealth only widened the gap between the rich and poor.

During the rise of industrialization, the United States had just ended the Civil War and was starting to move on. People had an aspiration at this time to make a more than decent living for themselves, and the economy was at the right spot for this to be possible. This time period in American History is referred to as the Gilded Age, termed by the famous author Mark Twain, which simply means covered in gold; however, Twain did not necessarily mean this in a good way. He believed right under the surface of this gold plating was still problems with the American society that didn’t look so appealing. This essay will discuss how practices during the rise of industrialization during the Gilded Age shaped the American work and labor force.

To what extent is it justified to characterize the industrial leaders of the 1865–1900 era as either “robber barons” or “industrial statesmen”?

The industrial revolution introduced many new technology and improved our economic system. There have been a large increase in manufacture and machine tools since then. This led to better transportation, steam powered factories, consumer goods, a large workforce, and labour conditions. During the 1870’s , many financial issues had arise in the United States of America and in many European countries. Due to the financial crises that arise , it led to a major depressing era in history that is called the Panic of 1873. In “Standing at Armageddon” written by Nell Irvin Painter, the author discusses the progressive era and the United States economic crisis , as well as, social status during the ninetheeth century. Painter explains on how the high class white people owned most of the United States industry and due to their wealth, they owned fifty-one percent of the properties in America. They were the wealthiest one percent of the United States. There were different layers of wealth and social status which also integrates with race and ethnicity. Those who were wealthy in America weren’t the ones working hard and getting their hands dirty. Many low class were immigrants, women and blacks who worked in factories and were receiving low wages and poor work conditions. The low class owned only 1.2 percent of the properties in America. This caused major issues in the united states because the workers formed

Throughout American industrialization, large industries were run by some of the richest men in history. These men got the nickname “robber barons” due to their creation of large monopolies by making questionable business and government activities, and by taking advantage of their workers to succeed. But in The Myth of the Robber Barons by Burton W. Folsom, he argues against these claims, and he takes a deeper look into some of America’s richest and most successful men. By specifically looking at Cornelius Vanderbilt, John D. Rockefeller, James J. Hill, the Scranton family and many more, Folsom believed that these so-called robber barons were actually entrepreneurs with a drive to succeed, leading to an improvement in American lives.

There are different opinions towards inequality, some people are accepting of it while others dislike the whole idea of inequality. Is it okay to let the wealthy have more control than the poor? Should their ideas matter more than the non-wealthy? And most importantly should the poor be okay with this, if not what must they do? In “Gospel of Wealth” by Andrew Carnegie and “The Communist Manifesto” by Karl Marx, both Carnegie and Marx expose their thoughts behind inequality and its traits. They both focus and touch upon the poor (proletarians) and the rich (bourgeoisie). They bring up the pros and cons about inequality, capitalism, and communism. Inequality was in Carnegie 's view. In his opinion progress required the processes of competition. Making capitalism an engine of progress. Carnegie believed that there is good to inequality while Marx begs to differ. Marx had his own view on capitalism, he believed that it would eventually result disastrous. Marx believed communism was the best solution to keep both the proletarians and bourgeoisie in an equal place. Both of these socialists have much to say about capitalism and communism and also for economic inequality. They both share different points of view, neither wrong or right. Their opinions are based towards their life experiences and this essay will be noting the differences between they share on inequality, the means of production, and capitalism.

The years immediately following the Civil War was met with very little industrial progress in the South. Between the years of 1875 and 1879, the South was in poor shape and most of the population was living in poverty. According to Woodward, the national average per capita was $870 and no Southern state came within $300 of the national average nor with the $550 of the average per capita outside of the South. (Woodward, 112) By 1879, there was a change in the South that was called by some the beginning of the Industrial Revolution of the South. After the Civil War, proponents of the “New South” did not want to rely strictly on Cotton production for economic growth. They wanted to diversify the south by adding new crops and turning toward a more industrialized South by following the example of the North. The North also saw some opportunities to make money in the South. According to Woodward, as a great depression came to an end in 1879, and released Northern and English capital that sought a Southern outlet for investment (Woodward, 113). Throughout the 1880’ and 1890’s Northern and Foreign capital were attracted by potential developments in the South.

Andre Carnegie was a poor immigrant who came to the United States in a quest for the realization of the American Dream. A self-started entrepreneur who through hard work and by taking advantage of the right opportunities was able to develop an enormous wealth, signifying with it, the definite possibility of social mobility. In his essay “Wealth” of 1989 Carnegie refers to the importance of the distribution of wealth and how such fortune was there to be used by the rich for the benefit and well-being of all individuals of society. Throughout this essay I will be explaining the arguments for the redistribution of wealth made by Carnegie, while analyzing as well the factors that may have motivated him to write his famous essay “Wealth.”

The decades after the Civil War rapidly changed the face of the United States. The rapid industrialization of the nation changed us from generally agrarian to the top industrial power in the world. Business tycoons thrived during this time, forging great business empires with the use of trusts and pools. Farmers moved to the cities and into the factories, living off wages and changing the face of the workforce. This rapid industrialization created wide gaps in society, and the government, which had originally taken a hands off approach to business, was forced to step in.