blockbuster films‚ and became the governor of California. * Jay-Z rose to success from a hardscrabble upbringing and was rejected by major labels; however‚ he and two partners founded the independent label Roc-A-Fella Records in 1995. * John D. Rockefeller is America’s first business superstar‚ and that his rise to legendary status came after a poor childhood. Criticisms The idealistic vision of the American dream often disregards discrimination based on a person’s race‚ religion‚ gender and
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industry. A second robber baron of that time was John D. Rockefeller. The robber baron of the oil industry. Rockefeller monopolized the oil industry with Standard Oil Company. When Edwin Drake discovered oil in 1859‚ Rockefeller saw the future. He introduced techniques that completely reshaped the oil industry. He used all of his methods to reduce the price of oil to his consumers. His profits soared and his competitors were crushed one by one. Rockefeller forced
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includes increasing the availability of goods‚ creating more and new jobs‚ and donating money to benefit the well being of the people. Some of them men that were considered to be Captains of Industry" were men like J.P. Morgan‚ Andrew Carnegie‚ John D. Rockefeller. J.P. Morgan was a banker and a American Financier‚ who at the turn of the century‚ was one of the wealthiest men in America. J. P. Morgan backed the Edison Electric Illuminating Company in 1822 which began the great electric utility industry
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Mr. Ramezane Period 4 U.S. History 6 October 2014 Captain of Industry OR Robber Barons? During the post-Civil War period‚ the economy of the United States grew at a rapidly rate. The richest men in the U.S. Andrew Carnegie‚ J.P. Morgan‚ John D. Rockefeller‚ Jay Gould and Cornelius Vanderbilt are the people who helped with industrialization since they made steel‚ banks‚ oil‚ and railroads. Since they donate their money to expand markets‚ provide jobs and establish buildings or companies‚ citizens
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the farthest corners of the planet.” Throughout American Colossus‚ Brands makes extensive use of both primary sources and secondary works. Among the primary sources that Brands uses extensively are Andrew Carnegie clerked on the railroad‚ John D. Rockefeller focused on oil‚ and J.P. Morgan as a trader. Secondary
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Industrial Leaders – Robber barons or Industrial Statesmen? The late 19th century industrial leaders have often been called "industrial statesmen" for the great economic power they brought to America. However‚ they have also been called "robber barons” since they built this great wealth by abusing the system‚ their employees‚ and destroying their competitors. These kings of industry displayed characteristics of both industrial statesmen and robber barons. But which would better describe
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gave land to farmers and let people go on ships for free or they had a cheaper fare. One of the most charitable entrepreneurs that we discussed was John D. Rockefeller. He gave to schools‚ churches and scientists who found cures for yellow fever‚ meningitis‚ and hookworm (Folsom 97). He believed in the term of stewardship. The book said that before John D.
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Tarbell’s The History of the Standard Oil Company she mentions‚ "Mr. Rockefeller has systematically played with loaded dice‚ and it is doubtful if there has ever been a time ... when he has run a race with a competitor and started fair." Monopolies do not play fair with the competition John D. Rockefeller created Standard Oil’s Company in 1870. He believed the most profit from oil was found in refining it‚ not drilling. Rockefeller described the competition in oil refining as "chaotic". He then began
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Chapter 24 Industry Comes of Age The Iron Colt Becomes an Iron Horse * After Lincolns death in 1865 the railroad production went up and by the 1900s it had gone up by at least 192‚556 miles * In 1862 congress began to advance liberal money loans to 2 favored cross continent companies and gave them a lot of acres paralleling the tracks. Washington gave the railroads 155‚504‚994 acres & the western states contributed 49 million more. * Land grants to railroads were made in broad belts
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Revolution disrupt the American family? 3. Did Yellow Journalism cause the Spanish-American War? 4. Were women in the “Wild West” isolated and trapped in loveless controlling marriages? 5. Was John D. Rockefeller a “Robber Baron”? 6. Were the “Robber Barons” a necessity for westward expansion? 7. Did “Boss” Tweed corrupt post-Civil War New York? 8. Did the Progressives fail? 9. Was
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