In the time of 1875-1900, many capitalists formed the growing of industry in America as highly regarded captains of industry or fraudulent robber barons. The robber barons were industrialists who possessed the majority of wealth in America. This wealth gained was mostly through the expense of others, creating a greater space between the fortunate and the less fortunate ones. Captains of industry were industrialists that did the opposite. They assisted the American growth positively whether it was through the economy or acts of philanthropy which helped to equalize the gap between the rich and poor. Some of the famous capitalists at this time were Andrew Carnegie and John D. Rockefeller. These two well-known capitalists, Carnegie and Rockefeller, were certainly captains of industry. As captains of industry, they believed in stopping the progression of the wealthy class becoming wealthier and the poor classes becoming poorer. This was a problem Henry George talked about in his book Progress and Poverty which explained how to handle the cycle of industrial economy. Henry George’s philosophy, later known as Georgism, states that everybody owns what they create yet nature items are shared, especially land. (Doc A) Being successful industrialists, these captains of industry also had a duty to give back to the unfortunate and assist them in gaining wealth themselves, as well. As Carnegie stated in his Gospel of Wealth, captains of industry must “administer in the manner which, in his judgment, is best calculated to produce the most beneficial results for the community.” In other words, these men must help the community prosper and both men had done so. (Doc C) Both Carnegie and Rockefeller became philanthropists and donated their money to numerous worthy causes.
Earning their title “captains of industry” came not only with their great works of philanthropy, but also with their positive success in industry. Coming from a poor family and having a small amount of...
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