Industrial Leaders vs Robber Barons

Topics: Industrial Revolution, John D. Rockefeller, Rail transport Pages: 3 (961 words) Published: February 20, 2011
Ever since the colonization period in the 1600s, many settlers had come to North America as a land of opportunity. As civilizations became developed in America, many will see that this hope will be realized. After the Civil War and towards the end of the 19th century, America will have became an industrial empire, creating the term “millionaires.” With the discovery of new raw materials and the enhancement of the technological era, many people took on the jobs of becoming businessmen. People such as John D. Rockefeller, Andrew Carnegie, and J.P. Morgan, invested their lives and money into creating corporations that either thrived or died. The ones who did manage to make it big, many of whom were owners of the major railroads, factory bosses, or stockbrokers, became major contributors to the American society. With the increase of power of these corporate leaders, many people began to question whether they were using these trusts and monopolies to gain a greater gain for themselves or for society. As competition rose, many leaders developed “pools” and techniques to eliminate them, the nicknames of “robber barons” or industrial statesmen rang in many consumers' minds. It is justified that many could call these leaders “robber barons” because many of them exploited employees, used competitive techniques that manipulated the market, and cooperated in untrustworthy “pools” that would create a different kind of aristocracy in America.

Prior to the second Industrial Revolution, industries and factories had existed primarily in the Northeast and on the city coasts. However, after the booming rise of advancement in technology, such as the invention of the Bessemer Process that allowed for the mass production of steel, many corporations spurred from the once tiny factories. Conveniently, around the 1820s to the 1870s America experienced the second wave of immigration that brought many people whom were seeking jobs. Business owners saw this as a great opportunity to have...
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