Morgan invested in everything from Thomas Edison's electric company to railroads and steel companies to insurance firms. Child of Privilege Not all of the tycoons of the Gilded Age were rags-to-riches stories. Pierpont Morgan was born into a family of great wealth. His father had already made a name for himself in the banking industry.
So I pasted the rough drafts of all the components -- intro, conclusion, and body paragraphs -- together in an essay structure. Each person has to edit each part a little bit so just do that and before 10 o'clock i'm going to make it a final and put it onto a new page. Throughout the 19th century, industry as a whole became a major power house of society.
Lust for invention and scientific thinking were encorporated into the mindsets of the American population. Sparked from thought and invention -- most notably from Thomas Edison, Alexander Graham Bell, the Wright Brothers, and Henry Ford -- industry was vital in influencing social and economic competition.
As poverty increased in America -- resulting from rapid immigration and a competitive market economy -- so did wealthy individuals gain monetary stature. While some of those gaining wealth during this time period could be considered "Robber Barons", as they manipulated the law, influenced elections, and misinterpreted the truth in order to make gains, the majority of the new wealthy industrialists were "Captains of Industry".
|Andrew Carnegie and John D. Rockefeller Essay Sample||July 8, in Richford, New York Died: May 23, in Ormond Beach, Florida Best known for:|
While making a personal fortune, these "Captains of Industry" not only contributed positively to the economy but also set an economic standard and model for the country. Rockefeller amassed fortunes by heading industries.
Despite temptations of exploitation and abuse, these individuals steered clear of corruption by involving themselves in charitable entities and giving to those less fortunate.
It was these philanthropic and cultural giants who helped build the American culture.
Rockefellar became very wealthy, owning and controlling about 90 percent of the nation's oil business. By establishing the first U.
The trust movement, started by Rockefeller, made for the tremendous growth of industry during this John d rockefeller and andrew carnegie essay period.
With his acquired wealth, he soon defined the structure of modern philanthropy. Founding institutions -- most notably the Rockefeller Institute for Medical Research inthe General Education Board inthe Rockefeller Foundation inand the Laura Spelman Rockefeller Memorial in -- proved Rockefeller's status as a "Captain of Industry" and refutes any claim that he was a "Robber Barron" throughout the contraversial 19th century.
It was no secret that Andrew Carnegie controlled a large portion of the iron and steel production -- which averaged about twenty five percent of the country's total production. Carnegie dominated his industry inside and out.
He owned everything from the production of the raw materials, the manufacturing of the products, the transportations of the products, and even the sales to the consumers. This allowed him to cut his losses and gain as much of a product as possible.
Eventually, Carnegie was able to buy out competing companies and, in effect, soar to unfathomable economic heights. After becoming such an industrial "power house," Carnegie found himself associated with unfit terms like 'monopoly' and "Robber Baron.
Beginning as a teenage messenger boy in a Pittsburgh telgraph office, Carnegie became one of the first in the country to take messages by sound.
This useful skill allowed Carnegie to ascend the industrial ladder. After investing all he owned into the steel mill corporation, Carnegie became one of the wealthiest men in the world.
While occasionally being dubbed a "robber baron", Carnegie would quickly prove himself otherwise with his extreme generosity. Beginning as a poor immigrant, Carnegie wanted to support the lower and uneducated class: In "The Gospel of Wealth" Carnegie said, " Under its sway we shall have an ideal state, in which the surplus wealth of the few will become in the best sense, the propert of the many, because administered for the common good But Carnegie was not only worried about the well being of the United States, he cared for the people of foreign nations.
Despite common conceptual thinking that "Captains of Industry" inherited their wealth and, naturally, opportunities to succeed, many "Captains of Industry" -- one most notably being J.
Morgan -- worked formidablely to gain wealth and stature in the United States of America's economic system. Born into a middle class family, John Pierpont Morgan was determined to acheive in the monetary entities of American society. He modeled himself after his father, Junius Spencer Morgan, who was an American banker and financer invovled in the dry-goods business.
Morgan immediately surrounded himself with finance, as he involved himself in a London branch of banking. In He also merged the Carnegie Steel Company with several other steel and iron businesses to form the United States Steel Corporation -- which became the first billion-dollar corporation in the world.
With this monetary success, J. Morgan was able to focus on facile aspects of existence: He loaned and gave many of his collected objects to the Metropolitan Museum of Art -- of which he was president and a major force in its establishment.
By the turn of the century he had become one of America's most important collectors of gems and had assembled the most important gem collection in the U. All in all, J. Morgan aspired to become one of the world's wealthiest men.
With determination and set aspirations, he yearned to invovle himself in the United States' economic system. It was once stated, "Beckoning a waiter J.Andrew Carnegie and John D. Rockefeller; Captains of industry, or robber barons? True, Andrew Carnegie and John D Rockefeller may have been the most influential businessmen of the 19th century, but was the way they conducted business proper?
The papers of Andrew Carnegie () include family records, correspondence, letterbooks, reports, memoranda, financial records, scrapbooks, speeches, articles, and books, and printed matter and related material.
AP US History Essay Gilded Age - Free download as Word Doc .doc), PDF File .pdf), Text File .txt) or read online for free.
Andrew Carnegie and the Rise of Big Business Andrew Carnegie was the pioneering tycoon of the 19th century.
From his companies emerged the steel to build the infrastructures such as railroads, bridges, automobiles, and ships that would build a nation in need of direction. Andrew Carnegie vs.
John Rockefeller During the ’s, two men started as poor, working class citizens with a dream, a dream to become wealthy and be able to support their families. Sep 29, · education, among them Andrew Carnegie and John D. Rockefeller” () In , Carnegie wrote a series of essays called The Gospel of Wrath, in which he claimed that the capitalistic free enterprise system was dead in the United States.