He was an ingenious man who set up the way for big American cooperations of the future. Standard Oil was used all over the world from India to Africa. By alone, he had control ninety percent of he held ninety percent of the oil refining capacity in the United States alone. No man had ever been able to reach Rockefellers fortune at his peak.
Clearly, John D Rockefeller is the ultimate captain of industry. John D Rockefeller as a captain of Industry. Accessed September 14, We will write a custom essay sample on John D Rockefeller as a captain of Industry specifically for you. Leave your email and we will send you an example after 24 hours If you contact us after hours, we'll get back to you in 24 hours or less. John D Rockefeller as a captain of Industry Essay.
How to cite this page Choose cite format: How about make it original? Sorry, but copying text is forbidden on this website. If you need this or any other sample, we can send it to you via email. He established the Carnegie Steel Company in The business prospered and soon became extremely lucrative.
He had enough money to buy the companies that performed all the phases of steel production, such as the mines, furnaces, and railroads. This process is called vertical consolidation. Owning all of the phases of production allowed him to drastically cut his prices. This caused Carnegie to sell more and some of his competitors to go out of business Cayton He thought that people should be permitted to make as much money as they can, but after they make it they should give it away.
He donated money for more than 3, free public libraries, supported artistic and research organizations, and set up a fund to study how to eliminate war.
Carnegie and Rockefeller are just two examples of people who were sometimes perceived as captains of industry. Some people saw their trusts, monopolies, and labor conditions as immoral and unethical. I see them as clever.
They found the loopholes in the system and used them to their advantage. Businesspeople today would do the same thing. No one doubted what their motives were. They wanted to make money, and make as much of it as possible. However, they also used their wealth to benefit the nation. They donated money to innumerable charities and organizations. That in my opinion, makes them captains of industry. Captain of Industry or Robber Baron.
For example, in , he donated money to advance the cause of peace and he built the Central American Court of Justice in Costa Rica, and, he also financed the Palace of Peace. He wanted to ameliorate to tensions between countries, and in doing so, Carnegie did a positive deed for the Americans with his wealth. He contributed his earnings throughout a good portion of his life, spending over ninety percent of his fortune all together. He had even spent his remaining money of one hundred and twenty-five million dollars on creating the Carnegie Corporation in hopes of aiding colleges, universities, technical schools, and scientific research.
It is true that this man had made a fortune, making a lot of people hostile towards him, but he had done the best thing with all of his money and in doing so, many American people benefited from the earnings of this man. Besides Andrew Carnegie, John. Rockefeller was a self-made millionaire also.
He earned his money in the oil business, creating his very own company called Standard oil. This company had brought in much money for Rockefeller, due to the increasing demand for oil.
Almost instantly, Rockefeller became rather prosperous. But the minute his money started to roll in, Rockefeller just as quickly gave it away. He started in with minor contributions, such as money to fund a new Baptist church in Chicago. Then, in , he opened Rockefeller Institute for Medical Research. Still, a fairly new Philanthropist, Rockefeller did what he thought he could for the people.
But his efforts grew with his age and profit. One year after opening his medical research institute, Rockefeller started to help the south. He created the General Education The rest of the paper is available free of charge to our registered users.
An essay or paper on Captains of Industry or Robber Barons. Captains of Industry or Robber Barons There are many powerful and rich men who come and go through a nations" history books. It is determined as to weather or not these men deserve positive recognition based on their deeds for the country that they work for.
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US History Essay: Captains of Industry Prompt: To what extent can industrialists of the 19th century be called Robber Barons or Captains of Industry? In the era following the Civil War and Reconstruction of the South, the world of industry and production was opportune for great success. Taking a Look at the Captains of Industry - The results were worth the means because in the end throughout all the negative situations the captains of industry faced they were .
Captains Of Industry Essay Words 6 Pages In the late s and early s, during the climax of the American Industrial Revolution, there was a small group of men who owned the major businesses and were leaders of their industries. Captains Of Industry Essay Words | 6 Pages In the late s and early s, during the climax of the American Industrial Revolution, there was a small group of men who owned the major businesses and were leaders of their industries.