Industrialist Essay :)

826 words - 4 pages

Businessmen of the Gilded Age like Carnegie, Rockefeller, Morgan, and Vanderbilt were captains of industry. Industrialists economically improved the United States by contributing the most money, which was made from the successes of their companies. In addition, they were financially beneficial to communities and set an example of philanthropy and lifestyle for others to follow. Moreover, they resorted to unscrupulous tactics not only for their financial gain, but for America’s financial gain as well.
People who believe that captains of industry are robber barons may say that they didn’t financially benefit the U.S. economy during the Gilded Age. However, they are incorrect. In Document A-1. Source: Andrew Carnegie, Wealth and Its Uses [1907], Carnegie says, “It will be a great mistake for the community to shoot the millionaires, for they are the bees that make the most honey, and contribute most to the hive...” Carnegie means that no one should get rid of the industrialists because they are the most affluent people in the U.S. during that time period and that they contribute the most money to the U.S. economy. Furthermore, he says, “While the law [of competition] may be sometimes hard for the individual, it is best for the race, because it ensures survival of the fittest in every department… the concentration of business in the hands of the few, and the law of competition between these as being not only beneficial, but essential for the future progress of the race.” Carnegie’s promoting the idea of forming trusts, which is when small businesses merge with each other to reduce competition. By doing so, the probability of a company surviving increases, which would cause the company to thrive. Ultimately, a successful trust would have a much larger positive financial effect on the economy than a successful small business.
Some who believe that captains of industry are robber barons might say that they weren’t beneficial to the community, but they are wrong. In Document A-2. Source: Andrew Carnegie, “Wealth”, North American Review [1889], Carnegie says, “This, then, is held to be the duty of the man of wealth: First, to set an example of modest, unostentatious living, shunning display or extravagance;…” Carnegie means that it is the job of the wealthy to be role models that promote a simple, non-materialistic lifestyle. In Document C-2. Historian B, 1953, Historian B says, “They also created a model of philanthropy for all to follow.” For example, in Document A-2. Source: Andrew Carnegie, “Wealth”,...

Find Another Essay On INDUSTRIALIST ESSAY :)

Essay on Romanticism in Frankenstein ( by Mary Shelley), a comprehensive discussion of the novel

925 words - 4 pages A comprehensive discusion of the novel -Essay on Romanticism in FrankensteinAll literature is influenced by the time period in which it was written; whether it be war, poverty, or any other social trends. People tend to write commentaries of political events, or just describe the time period. Whether it is intentional or subconscious, an author can not help to include some aspects of the time period in which they are in. The Romantic Period had

Essay on Romanticism in Frankenstein ( by Mary Shelley), a comprehensive discussion of the novel

925 words - 4 pages A comprehensive discusion of the novel -Essay on Romanticism in FrankensteinAll literature is influenced by the time period in which it was written; whether it be war, poverty, or any other social trends. People tend to write commentaries of political events, or just describe the time period. Whether it is intentional or subconscious, an author can not help to include some aspects of the time period in which they are in. The Romantic Period had

Embezzlement

1028 words - 5 pages detection of the misallocation of the funds or resources. When successful, embezzlements continue for years without detection. It is often only when a relatively large proportion of the funds are needed at one time or they are called upon for another use that the fraud is discovered (Wikipedia). This essay will present John F. Doorly’s and Minnie Mangum’s schemes as examples of embezzlement and discuss preventive measures. Starting in 1973 as a

Marx And The Historic Evolution Of Communism

1016 words - 5 pages Marx & Historic Evolution of Communism By: Karl Marx although widely considered the father of Communism (as it is now recognized) was neither the first or last to try and design an equal society based around the state. Although Marx's model is by far the most detailed and widely considered feasible, it is based on the works of many other socialist thinkers through the ages. The goal of this essay is to examine the contributions of as many of

Management Assignment

971 words - 4 pages The purpose of this essay is to establish and analyse who and what a manger is, what work a manger undertakes and ultimately the qualities managers possess in relation to one another. Three figures will be used to explore this idea: Charles the CEO of a multinational mining company, Sarah the manager of client services within a large charity and Tony, the team leader of a small manufacturing company. These three figures have one common quality

This essay will aim to explain the main differences between Marxian, Durkheimian, and Weberian approaches to social inequality

1492 words - 6 pages This essay will aim to explain the main differences between Marxian, Durkheimian, and Weberian approaches to social inequality. It will begin with each Marx's approach to social inequality, which he believed economic factors to be the sole cause of this social phenomenon. Marx was born in the aftermath of the French revolution where the governing elite was overthrown by the bourgeoisie allowing capitalism to develop. This in turn gave rise to a

The Blue-collar Appeal of Hard Times

2598 words - 10 pages appeals for labor sympathy that are not uncommon in today’s corporate environment.     Josiah Bounderby of Coketown represents the utilitarian attitude and, as such, is the villain of the story and clearly the target of Dickens’ political argument. Dickens characterizes Bounderby as a powerful individual, driven by greed and guided by a distorted view of human nature. He is the only wealthy industrialist introduced in Hard Times, although Mr

The Right Wing

1125 words - 5 pages A research paper about an ultra right wing conservative political organization. To get more personal with essay, instead of just stating facts."The Right Wing""The Birchers say they are a political force to be reckoned with. They claim to have helped defeat such liberal senators as Indiana's Birch Bayh (the name is just a coincidence) and the late Frank Church, of Idaho" (Robert L. Rose). Today, the John Birch Society is not really well known. I

The Right Wing

1125 words - 5 pages A research paper about an ultra right wing conservative political organization. To get more personal with essay, instead of just stating facts."The Right Wing""The Birchers say they are a political force to be reckoned with. They claim to have helped defeat such liberal senators as Indiana's Birch Bayh (the name is just a coincidence) and the late Frank Church, of Idaho" (Robert L. Rose). Today, the John Birch Society is not really well known. I

Assess the causes of the First World War

1168 words - 5 pages This essay will assess the causes of the First World War. The outbreak of the First World War (1871-1914) was a culmination of the short term crisis such as the Balkan crisis, Germany’s world policy and German aims and the July crisis, the more important issues remain to be long-term factors such as Industrialism, Militarism, Alliances, Nationalism and economical disputes.The First World War was the culmination of a long-term problem within

Managing Director of TeaLink pvt Ltd.: Mr. S

1730 words - 7 pages ; Interpersonal roles, informational roles, and decisional roles. Interpersonal roles refer to leadership activities, informational roles involve monitoring activities, and decisional roles include entrepreneur activities and negotiating activities. This division of managerial roles was put forward by Henry Mintzberg (Robbins, Bergman, Stagg and Coulter 2009). The manager I have interviewed for the purpose of this essay is Shamal de Sylva (who will be

Similar Essays

Were The Industrialist Leaders Of The Gilded Age Captains Of Their Industry Or Robber Barons?

541 words - 2 pages Examination of Industrialist Leaders - Final DraftSoon 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

John D. Rockefeller A Business Man In The Oil Industry And An Industrialist

932 words - 4 pages “If you want to succeed you should strike out on new paths rather than travel the worn paths of accepted success.” These inspiring words highlight the principles that many of the late 1800s industrialists lived by. These industrialists of the late 1800s, known as the “Robber Barons” or “Captains of Industry”, were very influential in America, from their own industry to even the Capitol. One the most influential of them all was John D

Andrew Carnegie, Eugene V. Debs, And Horatio Alger

557 words - 2 pages the best-known philanthropists was the American industrialist Andrew Carnegie, who devoted the latter part of his life to giving away most of the huge fortune he had amassed in the steel industry. Following the principles laid down in his essay “Gospel of Wealth” , Carnegie returned over $300 million to society, primarily through foundations and trusts. Debs believed that wealth is predestined and that god gave him his wealth. Although different in

South Africa Social Conflicts And Interests Result In Political Party Systems

1002 words - 5 pages Political party systems are a result of social conflicts and interests. They are a formation of various groups of political parties in a certain country. The aim of this essay is to validate and evaluate the importance of a multi-party parliament in context of a dominant party system. This essay has been divided into four parts. The first part will briefly describe what party systems are with focus put to the multi-party system and the dominant