Morgan,Rockefeller and Carnegie were robber barons They were considered cruel and ruthless. Carnegie made his employees work long hours and gave them little pay he even tried to stop unions in his company. Employees pointed out that Rockefeller could have paid his workers a fairer wage and settled for being a half billionaire. Morgan criticized for creating monopolies by making it difficult for any business to compete against his.…
For an example “He made them ‘sweat’ and ‘feel sick’ until they sold.” This statement has clearly shows how in respect Rockefeller used aggressive ways to fight with the competitor for his own interest. JD I feel enacted these actions to keep on the upward slope in remaining above his competition in secretive ways without them knowing. This was a smart business decision to keep concealed all his assets so as the competition would not know what he was fully capable of in maintaining his stance in the monopoly business while at the same time changing the way society was changed due to the presence of Standard Oil.…
The three men, John D. Rockefeller, Andrew Carnegie, and J.P. Morgan, were seen as robber barons BUT they were also seen as industrial statesmen. Robber baron was a term given to the rich who would pretty much do anything for money whether that meant the jeopardy of workers’ lives and crooked business practices. John D. Rockefeller started a standard oil company and was the first American billionaire. John R. was considered a robber baron mainly because he used his insight of business to ruthlessly force other oil and petroleum companies out of business, and whom managed to hide it all from the public. Rockefeller also, asked the railroad for secret rebates, thought only about money, and decisively brought the strongest men to his sides in order to completely envelop other oil and petroleum companies while at the same time taking no ones’ feelings into account. Andrew Carnegie was an industrialist and a philanthropist. Andrew started a steel company that revolutionized steel production. The way Andrew obtained the label of being a robber baron was by the way he ran his company. Although he made tons of money he, paid low wages, his workers suffered horrible and very unsafe conditions, and he took advantage of the government. J.P. Morgan, financier, art collector, and philanthropist. He was criticized for creating monopolies by making it difficult for any business to compete against his. Morgan dominated two industries in particular—he helped consolidate railroad industry in the East and formed the United States Steel Corporation in 1901. With J.P. and how he was considered to be a robber baron was through his tactics. One of the main reasons people considered John Pierpont Morgan as a robber baron was because of his process known as “Morganization.” In this process, he would take over troubled businesses and reorganize them in order to return them to profitability.…
In my personal opinion, the man is a Captain of Industry. While yes, he did put many other corporations out of business and he used underhanded trade tactics to get his way, John D. Rockefeller did more for this nation than perhaps anyone else in history. Well, what did he do? Rockefeller donated $530 million to various: charities, hospitals, medical research centers, schools libraries, the building of the University of Chicago, etc.. Furthermore, in today’s society Rockefeller’s $500 million would roughly be worth $8,622,571,428.57 (“Inflation). That’s right, over $8 billion. John D. Rockefeller donated over twice the amount he made himself to further develop the nation and help out his fellow Americans. Also, the Rockefeller family continues to donate their money to various charities even to this…
In the era following the Civil War, Industrialization had many leaders. These leaders achieved the great feat of booming the growth of the economy and industry of the United States and its citizens to become the leading industrial power in the world. As historians have reviewed their great achievements historians have become critics questioning how honest the fortunes of these leaders were. They pondered the tactics of great leaders such as John D. Rockefeller, J. Pierpont Morgan, and Andrew Carnegie. The morals of these businessmen and their strategies were the leading topic of discussion, whether to classify them as "robber barons" or "industrial statesmen".…
John D Rockefeller was a genius businessman. He had a natural knack for it. He reduced the competition by inventing new ideas such as quantity discount, where he would charge less if the customer bought more. This way he could make people buy his oil instead of competitors because it seemed cheaper, and he was making the customer buy more because it seemed like a good deal. Rockefeller also saved money by demanding lower transportation costs, which he could do because he was dominating the business and without him, there would be no business. Soon his competitors were paying five times as much in transportation costs. Rockefeller at one point just eliminated the…
Many have debated that the industrial leaders following the 19th Century were "Robber Barron's". However, in this very competitive time period, many new businesses were being formed. It took talented businessmen such as Vanderbilt, Carnegie, and Rockefeller to get ahead and keep the companies running, building America into what it is today, the most powerful nation in the world.…
The period of invention after the Civil War set the stage for immense industrial growth (Cayton 237). This period of time in the late 1800's is known as the Industrial Revolution. Two prominent names in big business were John D. Rockefeller and Andrew Carnegie. There is no doubt that these people left their mark on business and on history. However, there is some dispute over how these individuals should be portrayed. Some people say that they were robber barons, while others insist that they were captains of industry. A captain of industry is someone who is perceived to have helped the nation through their business skills and their philanthropy. On the other hand, a robber baron was someone who was considered a ruthless businessman. In the public's opinion a robber baron wouldn't let anything stop them from obtaining wealth. In my opinion Rockefeller and Carnegie were captains of industry.…
The Rockefellers feared the temptations of wealth, yet a visitor once described their estate as the kind of place God would have built if only he'd had the money. They amassed a fortune that outraged a Democratic nation, then gave it all away reshaping America. They were the closest thing the country had to a royal family, but the Rockefellers shunned the public eye. For decades, the Rockefeller name was despised in America, associated with John D. Rockefeller Sr.'s feared monopoly, Standard Oil. By the end of his life, Rockefeller had given away half of his fortune. But even his vast philanthropy could not erase the memory of his predatory business practices. Who was Rockefeller? Was he a ruthless businessman who only wanted to belittle the American dream of small business people who believed in hard work and determinedness, or was he someone who had a vision for making a more efficient and established America?…
Soon after the Reconstruction period, an era known as the Gilded Age erupted. During the 1870's - 1890's, America took a drastic leap into industrialization. Immigrants swarmed into the United States with the distinct hope of opportunity. Big business was soon in effect with a newly acquired demand for raw material. Shortly, monopolies emerged. These industrial leaders, whom were ingenious to the game, established their wealth from the suffrage of factory workers, oblivious farmers and displaced American Indians. These leaders can not be considered anything less than malicious robber barons.…
In the 1880’s, American industry grew due to many factors including “the emergence of a talented and often ruthless group of entrepreneurs” (Brinkley 396). According to those in favor of these entrepreneurs, these men worked hard, innovated technology and strategized competitively to transform the American economy; these “Captains of Industry,” such as Andrew Carnegie, Cornelius Vanderbilt, J Pierpoint Morgan and John D. Rockefeller, used their wealth to help their communities and should be honored for their philanthropy. An advocate for these entrepreneurs is John S. Gordon. As a specialist of business and financial history, Gordon claims…
Rockefeller was Americas’ first billionaire and was clearly an entrepreneur. Few individuals have come close to comparing their legacy with Rockefellers. He created the modern oil industry and helped usher the age of automobile America. His emphasis on size and efficiency and the proper rationing of product allowed him to development an assortment of new products that made the lives of ordinary people better. His wealth singlehandedly led to millions being benefited. He made light cheap for millions, he provided cheap gas, electric and kerosene. He was laying foundations for what we know today as the modern multinational. His works affected agriculture, medicine and urban transportation. Due to his philanthropist ways he was able to provide millions so scientists could research, children could learn and families…
John D. Rockefeller was the owner of Standard Oil Company. John was born into a very poor family and had to work very hard to start Standard Oil. He also had many problems later in his career. One of the problems he had during his career was the antitrust laws which made him disband his trust into many of the different companies that made up the trust. After Rockefeller stopped working at Standard Oil day to day he became a philanthropist and donated a lot of his money to help different causes.…
John D. Rockefeller was one of the greatest entrepreneurs of the post-civil war time. Rockefeller’s achievements had the greatest impact for the United States beginning in 1870. John D. Rockefeller moved to Cleveland, Ohio as a young boy with his family. As he grew older, he decided to create a business in the oil industry. As stated by George Tindall, “Rockefeller recognized the potential profits in refining oil, and in 1870 he incorporated his various interests, naming the enterprise the Standard Oil Company of Ohio.” (America) Rockefeller became the largest refiner and wanted to push out the competitors of the oil industry to control the market. Rockefeller bought out the other Cleveland companies. If any company disputed, that company was…
John D. Rockefeller. “I never would have been able to tithe the first million dollars I ever made if I had not tithed my first salary, which was $1.50 per week.”…