Square Deal Dbq

Although some of these criticisms are well founded, men like Andrew Carnegie and John D. Rockefeller were, in fact, Captains of Industry because they employed millions and created new ways of doing business. Before all these industrialists can along, America was just another country that had little significance to the world. If it was not for them, we as a nation would not be where we are today. The industrialists prospered mainly due to their wit, and the many innovations that they brought to their various fields of business. They created monopolies because they were the most effective forms of enterprise, and there were no laws that prohibited or restricted their use. As John D. Rockefeller himself said, "I believe in the spirit of combination and cooperation when properly conducted….It helps to reduce waste, and waste is a dissipation of power."(Danzer 424) Critics say that these men ruthlessly took over their fields of business, and "did not play fair". What's wrong with striving for success? What's wrong with being efficient? What's wrong with making a product that no one can equal? What's wrong with besting your competitors? Nothing.

After the Civil war, large businesses ruled America. Prior to the industrial revolution, the government upheld a hands-off approach towards business. Under the laissez-faire principle, free, unregulated markets led to competition, yet this system suffered under the wrath of growing corporations. The impact of big business on the economy and politics was immense during 1870 to 1899. Corporations were growing significantly in number and size, which had a domineering affect on American economy and defined American life.

     As the nation came to grips with what mechanization had done to the labor force, the progressivists took an active approach to correct problems they encountered. They began a tax on corporations (612). Roosevelt was troubled by the threat posed by big businesses to competitive markets (615) and showed disdain for those who sought profit by betraying the public (613). They aimed to strip power of the employers and sought to advance the undermined working

Near the last decades of the 19th century, America’s industrial economy skyrocketed. As these industrial leaders like Carnegie and Rockefeller not only lead the expansion through their respective industries, but revolutionized businesses while crushing free-market competition in the process. As

At the turn of the century the United States of America was launched into the Progressive Era, which called for massive reform across a variety of areas such as, politics, social life, and economics. Through 1900 and 1920, progressive reformers in the presidency and congress brought about reform from the federal level to the national level.

The late nineteenth century was an era of growth in the USA. It introduced railroads, telephone lines, opportunities for entrepreneurs, and cheap goods for consumers. Mark Twain dubbed this time period the Gilded Age; the period was glittering on the surface but corrupt underneath. Between 1870 and 1900, corporations grew significantly across the board in number, size, and influence. The newfound efficiency of resources and mass production resulted in an increase in the production of American goods and the amount of unskilled laborers but also created a wide divide between classes and a maldistribution of power. The American people responded to these impacts through both an increased participation in consumerism and the formation of both

     “By 1900, the transformation of the American economy from agricultural to industrial was in full swing, as the nation of farmers and artisans was giving way tot hat of factory workers and manufacturing giants” (Wattenberg, 1998, p. 32). Coinciding with this transformation, an atmosphere conducive to entrepreneurship allowed single families to dominate individual industries, giving rise to the so-called “trusts”. As icons in American business, John D. Rockefeller, Andrew Carnegie, and Cornelius Vanderbilt were perceived as the enemy of the working class. Bertrand Russell, a well known British philosopher said in a interview with Life

In document four it shows giant money bags as men, clearly the monopolists. These men are sitting in a room of senators. The image also shows a door that states “ Peoples’ Entrance”, which seems to be closed. This image shows the how monopolists had too much power. Instead of all people having a say, it was only the monopolists. This problem was resolved by allowing people to select their senators, “The Senate of the United States shall be composed of two senators from each state, elected by the people thereof, for six years” (Document 7). Another problem with monopolies was how they treated their workers. Document three shows a decrease in child labor from 1890 to 1920. Child labor was cheap, this was ideal to any monopolist. Many monopolists, such as Rockefeller, were ruthless and supplied no safety for their workers, and paid them very little. This problem was addressed with the work by Ida Tarbell, The History of Standard Oil. The powerful monopolists were limited in power by

The Gilded age was the period in U.S. history where politics had caused a halt in social advancement. The Robber Barons had become so rich and powerful that the country had plunged into an era of corruption. As illustrated in Joseph Keppler’s , “The Bosses of the Senate,” the monopolies of the rich had garnered immense influence in the government, effectively removing the people

Hoover was beginning to demonstrate conservative beliefs even before the onset of the Great Depression. Document A shows Hoover’s wish to avoid being thought of as a complete supporter of laissez-faire ideas. He appeared irresolute when it came to preserving the capitalistic society of the 1920s. During this time, society was managed by corrupt political bosses, such as Tweed. The American economy had flourished under the private interest policies of Harding and Coolidge, which forced Hoover to promise the American people that he would not abandon the laissez-faire economics, which had been so successful during past presidencies. Hoover was sure, however, that working class Americans would not be opposed to restricting unfair business practices. Documents B and C depict Hoover’s lack of support for private interest or public purpose policies. In these documents, Hoover stresses the significance of individual interests

Theodore Roosevelt may be one of the most powerful presidents that attacked Trusts1 and corporations to make them just so that everyone could prosper. Thayer, a friend of Roosevelt wrote, ". . .he took the deepest personal satisfaction in fighting the rich and the soulless corporations. . ." (Thayer). This led into the 1920's a prosperous decade in which people received "new money." Theodore Roosevelt stressed more for people to be responsible than to be autonomous, or, in other words, to help others besides helping yourself. He was able to bring two separate groups together to make a better America. He brought the Trusts that wanted the government to stay away and then the other side

The government also enacted the Hepburn Act, which made shipping internationally difficult on the railroad. Despite the fact that government grants led to incompetent railroads, the Interstate Commerce Commission and Hepburn Act were put into place, which made it so Hill “could not offer rate discounts on exports traveling on the Great Northern en route to the Orient” which was helping improve the economy with increased trade. Hill and other market entrepreneurs were not corrupt or unfair when choosing to not have subsides, but rather the political entrepreneurs were corrupt and insolvent. Also, Folsom argues that John D. Rockefeller was negatively impacted by government intervention. The Sherman Act was intended “to prevent monopolies and those companies ‘in restraint of trade’. Yet Standard Oil had no monopoly and certainly was not restraining trade” . Rockefeller’s goal was not to create a monopoly but in order to keep his business succeeding he needed directors in each state. By enacting the Sherman Act, Rockefeller’s company struggled, due to competition rising. These laws essentially stopped the growth of successful businesses, such as Hill and Rockefeller, who became so successful due to no government intervention.

In his acceptance speech for his party’s nomination, President Roosevelt referred to the bankers, industrialists and big corporations of that time as ‘economic royalists’. He shared his concerns about how these financial and industrial institutions were becoming too powerful and were only acting in

At the end of the nineteenth century began an era of industrialization that created an economic upturn called the gilded age. Hallmarks of this age were technological advances, banking innovations, and wealth concentrations. Railroad construction, advances in steel production, and electrical innovation drove industrial and economic growth. Emerging from this upheaval were a gaggle of industrial big wigs: John D. Rockefeller, J.P. Morgan, and Andrew Carnegie. These three represented an unholy alliance with government and big business that left smaller

Big business has a constructive influence on America. Large corporations contribute much more to a country’s economic well being than smaller ones. Bigger corporations are more productive, pay higher salaries and hourly, generate more jobs, and are more successful in international markets. However, not everyone believes that big business has a positive impact for the US. Some hold to the opinion that big business will never be as effective as small businesses. However, as J. D. Harrison, who covers startups, small business and entrepreneurship for the Washington Post, states that even though people believe that small business is the backbone of our nation, yet “companies with more than 500 workers employed about 45 percent of the workforce yet contributed 65 percent of the jobs created since 1990” (The Washington Post, 2013). This is not to discredit the influence of small business in the US. In fact, they are an essential part of our society. Small business have created and maintained thousands of jobs in the last half century. But we will focus on big business in this discussion. What is the history of big business in the US, and what were the fruitful results, as well harmful ones? What about the political side of big business, and finally, are there ethical associations when it comes to large corporations?