The Capitalists Who Shaped Post-Civil War America

During the post Civil War period many capitalists took over and ramped up industry. There were also individuals who took industries and monopolized them. Many historians who look back at these capitalists who shaped the post Civil War industry argue about whether they should be viewed as captains of industry who developed large industry, or as robber barons who used industry and monopolies to achieve wealth and take advantage of the working class. This essay will show why they were captains of industry.

After the civil war, businesses began to become big, they grew significantly in size, number and mostly in influence. Different corporations and businesses grew so much that they had a big effect and so much power and control in America. the businesses began to influence the people of america, the politics and the economy in america. As these companies and businesses grew, some became really powerful which was a good and bad thing. In post-Civil War United States, big businesses and corporations grew with both positive and negative impacts on politics, the economy and the responses of Americans.

Capitalism can be defined as “when monetary wealth was enabled to buy labor power” (Wolf et al. 77). By the time that “The Legend of Sleepy Hollow” was written, Capitalism was the dominant mode of production, and capitalist markets were spreading rapidly. This became especially true in the United States of America, which was heavily influenced by the British in matters of economy. Since capitalism was born in England, the influence of capitalism bled over into America while they were still under British rule (Wolf et al. 2670). However, by 1820, the year that “The Legend of Sleepy Hollow” was published, the United States fully adopted the capitalist mode of production, along with the technological advances of the Industrial Revolution. This embrace of the new economic system changed the ways of life for people in both New England and New York, along with the entirety of the country.

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

Despite the nation’s increase in wealth through urbanization and the façade of a prospering people, the fraudulency of the Gilded Age crippled the masses in their rise to security. The competiveness amongst laborers, a battle for control of

In the late nineteenth century, small farmers faced increasing economic insecurities. Millions of tenant farmers were stuck in poverty due to the sharecropping system in the South.Farmers in the south weren't the only ones facing difficult times; farmers in the west had to mortgage their property to purchase seeds, fertilizer, and equipment. Farmers who mortgaged their property faced the chances of losing their farms when they were unable to repay their bank loans. Farmers then sought out to find a solution for their condition by going through the Farmers’ Alliance and the

An American writer, Susan Sontag, stated that capitalism is, “the ideology [which] makes us all into connoisseurs of liberty—of the indefinite expansion of possibility”. From 1850 to 1907, there was a mass immigration to America and the rise of ‘Gilded Age’ which the United States population and economy grew quickly. Capitalism is a social and economic system where both the means of production and any associate trades are privately owned. During 1850 to 1907, there were a number of factors which contributed to the rise of Capitalism such as: significant entrepreneurial figures such as Henry Ford; mass immigration and cheap labour; and Railway and telegraph lines expansion to transport goods to be sold.

Supposedly, both the individuals with ascribed statuses with hereditary wealth and the poor and homeless have equal chances to become successful although, Orestes Bronwnson in The Laboring Classes, pointed out that this is not true. “Do the young man inheriting ten thousand pounds and the one whose inheritance is merely the gutter, start even?” (219). As a result, the harsh separation of the rich and the poor, where capitalism thrives and,” the division of the community into two classes, one which owns the funds…the other provides the labor” (216). The inhumane apprehension of a capitalist society that keeps its workers “in a permanent system, [has] given preference to the slave system” (214) says a lot about the evils of capitalism corresponding with the false American Dream. An outcome of capitalism is the frustrating rivalry between the poor. “There’s more people! That’s what’s ruining the country. The competition is maddening”

From 1865 to 1900, a surge in industry and business began to come into effect. Railroads, oil, steel, and various inventions enabled the rise of these businesses. As time went on, the leaders of the businesses would become more eager to achieve wealth. Some historians have described these people as ‘robber barons’ or people who use extreme methods to control and maintain their wealth and power. Others would chastise that belief, declaring that it is an unjust conclusion to draw. Despite the oppositions fervent belief, the undeniable evidence supports the belief that many of the businessmen in the late 19th century were ‘robber barons’. These men had a blatant disregard for human lives and an unquenchable urge to assume control over citizens’ lives that instilled corruption and greed in them.

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.

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.

In 1890 clergyman Washington Gladden wrote an article called “The Embattled Farmers”. In it he blamed the ruin of the farmers on “protective tariffs, trusts…speculation in farm products, over-greedy middlemen, and exorbitant transportation rates.”

In the late nineteenth century, America was a country in its prime of industrialization and immigration influx. Known as the Gilded Age, this period defined the United States as the bustling powerhouse it is today, but at the cost of many social and political injustices that lay underneath the guise of the “American dream”. Among the urbanization and booming industry, there was national and racial discrimination, gender inequality, child exploitation and labor,

This paper will question the relationship between Slavery and Capitalism, and the extent to how dependent Capitalism was on slavery. Chattel slavery first arrived to America in 1619 and from there the business just kept on growing. It leads to the invention of the cotton gin and helped push forward the young country into the developed powerful nation it is now. This can be gained from the readings from Bailyn, Beverly, the Declaration of Independence, and other works that show not only how profitable slavery was, but also how important it was to the development of America as a country.