Significant controversy over the question if the big business men of the late nineteenth century were “robber barons” has been widely debated by historians. Notably, Howard Zinn (yes) and John S. Gordon (no) have documented their reasonings behind their opinions on if the big business men truly were “robber barons” or simply “captains of industry”. Most significant was Howard Zinn’s argument that they were robber barons based on how they treated workers, as well as the issues of scandals, bribery, and corruption. The workers were met with terrible conditions and treatment from the impersonal business men they worked for. Scandals, bribery, and corruption put more money into the pockets of these big business men in an unjust manner.…
Monopolies, most of the times, are attached with bad impacts, bad influences, and bad results. And after the Gilded Age, big businesses almost ruled the entire industries since laissez faire was practiced. For instance, Northern Securities Company was established after the railroads bosses fight for control of Burlington Railroad, almost triggered a financial panic that could have plunged the nation into a recession, and ultimately compromised to cooperate. Such formation represents private interests acting in a way that threatened the nation as a whole. In retrospect, some wanted to disband the trusts, some wanted the governments to set up stronger and tighter regulations, while others wanted the governments to take over all big public industries…
"The Myth of The Robber Barons" by Burton W. Folsom, JR. is a very distinct story talking about the early American entrepreneurs. This story is a good illustration of big businessmen as being beyond America's significance. At the beginning of the story, Folsom portrays two significant types of entrepreneurs; market entrepreneurs and political entrepreneurs. He then begins to mention that "no entrepreneur fits perfectly into one category or the other, but most fall generally into one category" (pg. 1). Thereby, according to Folsom, “Political Entrepreneurs best fit into the classic robber barons mold” (pg. 1).…
Throughout the 19th century the United States of America embarked in a vigorous expansion across Northern America. This expansion allowed for people to acquire new territory as they continue to migrate north. During this time of territorial growth there became opportunities for massive wealth. These various opportunities were from the development of new industries such as rail roads, steal and oil companies. These companies were not regulated by the government which made it easier for people to accumulate wealth and hold monopolies.…
Over the past 40 years, America has experienced a tumultuous economic life. There have been various recessions and a few booms, and all presidential candidates since the 1980s have increasingly relied on the economy as a key part of their policy. The economy has been kind to the few and for the most part, unforgiving towards everyone else. This phenomenon is a result of politicians promising to make the normal American’s financial status better before being elected, then only helping out the corporate interests that funded their campaign after the election. The reason this works is that while the candidates forsake the American people, they do help the corporate interests once they take power, and the corporations make obscene profits which results in the President looking somewhat responsible for the huge increase in revenue which secures his reelection and the interests of the corporations until the next election cycle.…
During the nineteenth century, the rise of big business and monopolies sparked many different views and debates regarding the issues of the constantly changing American society. Some of the public reactions towards these debates were more radical compared to others, causing division and sectionalism to arise. Because of the rise of big business during the Gilded Age, debates over the changing national identity continued to be about the economy and society as a whole, but became more specifically focused on railroads, Social Darwinism and The Gospel of Wealth, and the different views on rich corporations. Just as the North was more industrial-based before the Civil War, it remained that way in many aspects post-reconstruction, but this brought…
The influx of population led to Oklahoma Territory to join with Indian Territory to become a State in 1907. It is in this climate of hopeful settlers and subdued Indian tribes that the Oil Boom would occur. Although some students will have gaps in the basic knowledge of Oklahoma history, it is important to give a broad review of key aspects of the beginning of the rise of oil and natural gas of the 20th and 21st century. This is to include the rise in the demand of oil during World War I and increasing exploration in the supply of oil and natural gas throughout Oklahoma. Additionally, oil and natural gas are the biggest industry in Oklahoma, which includes the refinement and production of petroleum products that are not just gasoline or diesel fuel.…
DBQ The Progressive Era, 1900-1920, can be defined as a reform movement aimed toward urban and social change through improvements in the nation. This era stemmed from American industrialization and a population growth. Also, the Progressive Era emerged from past movements such as abolitionism, women’ rights, temperance, and the regulation of big businesses. Some of the main goals of the progressives included breaking trusts, ending political reform, bettering living conditions, and establishing voting reforms as well as banking reforms.…
John Taylor Gatto is an award winning educator who has taught in New York public schools for over twenty years. Three separate times he was named New York City teacher of the year, and in 1991 was named New York State teacher of the year. He also has written such works as: Dumbing Us Down: The Hidden Curriculum of Compulsory Schooling, A Different Kind of Teacher, The Underground History of American Education, and Weapons of Mass Instruction: A Schoolteacher’s Journey Through the Dark World of Compulsory Schooling. In Gatto’s article from Harper’s magazine in 2006 entitled “Against School”, Gatto argues that the “real purpose of mandatory education is to turn children into servants. ”(155)…
The demand for it is skyrocketing in America. He could ship the oil, all he has to find is a supplier. He has found the perfect mark to ship it. Cleveland is a sitting spot on an ocean of oil and John D. Rockefeller is one oil supplier. Rockefeller’s business is on the verge of bankruptcy, and Vanderbilt sees him as the perfect opportunity to manipulate him.…
The high prevalence of injustices among members of lower socioeconomic classes in the late 1800s influenced the launching of the Progressive Movement. In the 19th century, there was a large influx of immigrants entering the United States from the eastern and western coasts. Many immigrants fled their countries to escape political corruption, religious persecution, and economic hardships. Although immigrants were forced to live in treacherous conditions, the Progressive Movement was a successful attempt in reforming the way immigrants lived in the United States. Many muckrakers exposed the realities of poverty-stricken immigrants to those who were unaware of the lifestyles that many were forced to live in.…
In the late 1800’s, America experienced a new time of advances called the Industrial Revolution. This time period changed the way people worked and lived. Factories lured people off their farms and into cities. Many entrepreneurs emerged from this time period, leaving behind a mixed legacy. John D. Rockefeller had a mixed legacy, like many other entrepreneurs of his time.…
Since the foundation of the United States in the eighteenth century, Americans have always been rather capitalistic. Whether the business is a small, family-owned store on the corner or a large corporation that has millions of dollars to spend, all businesses of any kind compete with one another. Competition for success in business has never been greater. In recent years, large corporations have become a serious issue due to their extreme greed. This has hurt small businesses across the country, and now, the quantity of small businesses is on the decline.…
Although it is argumentative that some entrepreneurs of the mid-nineteenth century deserved to be crown Captains of Industry or labeled as Robber Barons, John D. Rockefeller should have been honorably regarded as a Captain of Industry due to his account on strengthening the U.S’s economy by investing in blooming American industry and becoming one of the most respected philanthropist. At the same time, his fellow businessman, Cornelius Vanderbilt was suitable of the title Robber Barons for his hated reputation and lack of charitable efforts. Post-Civil War, the United States experienced with economic boom in which business leaders dedicated themselves in ensuring the government to be kept out of their businesses. In fact, the United States’…
In 1976 , the wealthiest one percent of Americans owned 19% of all the private material wealth in the US Today, they own over 40% of all wealth. Their share now exceeds the wealth owned by the bottom 92% of the US population combined. (Edward N. Wolff, Top Heavy: A Study of Increasing Inequality in America Twentieth Century Fund: 1995). From 1976 till the present , the power of the wealthy has increased greatly meaning their power has increased as well. When a certain group constantly gains power they will abuse it and this can be seen with the unfair wealth distribution in this country.…