The Wealth and Succes of William Vanderbilt Essay

The article, “Creating the System: Railroads and the Modern Corporation”, informs us all about the development of the transcontinental railroad and how it helped drive the nation west and also transformed western North America into a economy that had many opportunities. The railroads have always interested me when it comes to this period of time. What I learned from the reading that I didn’t know before was that the Western railroads were primary carriers of grain, other agricultural produce, livestock, coal, lumber and minerals. Also seeing the prices that the farmers shipped their products for, and what they paid for the freights rates was very interesting. Overall, if the railroads wouldn’t have been built in a time when there was so little

In the “Gospel of wealth”, Andrew Carnegie argues that it is the duty of the wealthy entrepreneur who has amassed a great fortune during their lifetime, to give back to those less fortunate. Greed and selfishness may force some readers to see these arguments as preposterous; however, greed is a key ingredient in successful competition. It forces competitors to perform at a higher level than their peers in hopes of obtaining more money and individual wealth. A capitalist society that allows this wealth to accumulate in the hands of the few might be beneficial to the human race because it could promote competition between companies; it might ensure health care for everyone no matter their social standing, and parks and recreation could

The Gilded Age is a time period in American history between 1870-1900. During this time period there was a boom in the United States economy and population. Unfortunately, during this time period there was a lot of financial corruption and inequality which caused the rich to become very wealthy. Interestingly enough there were a variety of distinguished authors, from William Graham Sumner, Henry Demarest Lloyd, Andrew Carnegie, and Henry George knew economic inequality was a major problem and something needed to be done.

The richest man in the world, in his time, was Andrew Carnegie. His story of success was truly one of rags to riches. After coming to the U.S. from Scotland as part of a working-class family, he moved from job to job, eventually becoming more influential and gaining a large sum of money. Soon he was using his wealth to contribute to many public services, such as libraries and schools. Andrew Carnegie's life and actions have left a long-standing legacy and have contributed greatly to the American way of life, particularly toward education.

Discuss Politics in the Gilded Age. Include major political events and issues, and the roles of the “bloody shirt,” corruption, patronage, and reform movements.

The late 19th century and early 20th century, dubbed the Gilded Age by writer Mark Twain, was a time of great growth and change in every aspect of the United States, and even more so for big business. It was this age that gave birth to many of the important modern business practices we take for granted today, and those in charge of business at the time were considered revolutionaries, whether it was for the good of the people or the good of themselves.

Most of their success was contributed to laissez-faire’s economic system. The government played a large part in funding the accounts acting in the railroad industry. Document G exposes the bonds, grants, and money given out by the government to multiple railroad companies. This caused the citizens to have to pay a much higher tax in order for the government to contribute to railroad companies. Never the less in the 1870’s Congresses resolution was passed. This states “no subsidy in money, bonds, public lands, endorsement, or by pledges of the public credit, should be granted by Congress to associations or corporations engaged or proposed to engage in public or private enterprise” as seen in Document F. They were trying to limit certain aspects of the companies, directly contradicting the laissez-faire idea. After this resolution was passed the land was put on sale for 125-250 per acre. At this point the larger companies began to buy the land surrounding the railroads and selling it off piece by piece at much higher

The Vanderbilt’s were a large family who descended from Jon Aersten van der Bilt, an immigrant from Holland to America in 1650. As well being one of the oldest families in America, the Vanderbilts were also one of the wealthiest. They obtained their wealth originally through a steamboat company that traveled as far New York to Central America and Europe. Their second source of fortune came from large investments in railroads, which were just emerging at the time in 1873. The family was also known for their generosity and involvement in philanthropy. Their most notable donations were their donations to the creation of Vanderbilt University, the funding of the Metropolitan Opera, and endowing the Medical School of Columbia University.

As the age of Reconstruction ended, the Gilded Age of big businesses began in the United States and with it came new jobs and goods for Americans. When new corporations became more successful, it made an immense impact on the economy, the political system and the lives of citizens. Economically, the cost of food and living went down significantly as well as a surplus of jobs. Political leaders were corrupted by big business as their decisions and laws were influenced by the wealthy class’ bribes and stealing from the common man. Though mass production allowed goods to be made quicker and in greater quantity, the workers’ horrible working conditions and remarkably long hours caused the creation of unions and strikes. Despite the great effect big business had on the economy in the Gilded Age through the decline in the cost of food and fuel, the daily lives of average working-class citizens were negatively impacted by long hours, horrid working conditions leading to unions and a corrupted political system.

The Gilded Age was characterized by rapid industrialization, reconstruction, ruthless pursuit of profit, government, corruption, and vulgarity (Cashman 1). After the Civil War, America was beginning to regroup as a nation. There were many other changes developing in the country. Industrialization was taking over the formerly agricultural country. The nation’s government was also in great conflict (Foner 20). Many changes occurred during the Gilded Age. These changes affected farmers, labor, business, and politics.

A successful economy is perhaps the most key ingredient leading to a successful nation. An economy is a delicate balance of many different conflicting and coexisting elements. Naturally, an economy’s success can often be measured by the amount of wealth it contains, not to mention the effectiveness or ineffectiveness of its distribution of the wealth. Effective distribution of wealth is no easy feat. Wealthy and poor people will always need to coexist- this is an inescapable truth. The government’s job in many cases becomes that of a referee. Naturally, perfect peace and harmony between two totally different classes would be a utopia, and probably will never be completely achieved. A government must, therefore,

When you are young and even well into your adult years people will tell you there will always be somebody who is smarter, faster, happier, or better at something than you are. This is true for all periods of time but in the Gilded Age those who were better gained more and more crushing the people below them with unprecedented greed, corruption, and power. The few exploited the many by way of opportunity. Something our nation was built on, yet the avaricious elite used it for evil methods.

The Gilded Age was the last three decades of the nineteenth century, when America’s industrial economy exploded generating opportunities for individuals but also left many workers struggling for survival. With the many immigrants, skilled and unskilled, coming to America the labor system is becoming flooded with new employees. During this period, the immigrants, including the Italians, were unskilled and the skilled workers were usually American-born. There was also a divide in the workers and the robber barons. Robber barons were American capitalist who acquired great fortunes in the last nineteenth century, usually ruthlessly. There was much turmoil throughout the business and labor community. Two major organizations, the Knights of

Edith Wharton was born in a period of time after the US Civil War in which the population and economy grew at a fast rate, and the wealthy lived fancy lifestyles. This period of time was labeled the Gilded Age by Mark Twain due to its splendid surface but unethical underside. This Period of time was full of cooperate greed, a hike in immigration, and corrupt politics. This era was horrible for the poor, but the rich and powerful benefited. During this time the accepted reasoning was that all women are fragile and helpless. All women were doomed to a career that was marriage, and were expected to live as a housewife. As Edith became an adult, society started to shift, and women were given more freedoms. In 1887, the Married Woman’s Property

In the poem, “The Ballade of Worldly Wealth”, Andrew Long shows us how money can really effect some people. The form of this poem is a ballad. The subject of this poem is money. He uses repetition to show us how money is the root of all evil. Lang talks about the people of his time and how they treated money, making him the speaker. The setting of this poem is some town in the late 1800-1900’s. It might even be Long’s hometown. This could lead us to believe that his audience is the people in his hometown. His tone toward money is that it can either be good or bad, depending on how it is used.