Robber Barons
Some people view them as the “Captains of Industry” and others view them as “Robber Barons”, I don’t like to use stereo types, I think it is just judging people, which the only one with that right is our God and savior Jesus Christ. Four of the main men that we discussed are Andrew Carnegie, J.P. Morgan, John D. Rockefeller, and Cornelius Vanderbilt, all of whom made their money from pursuing different anticompetitive and unfair practices.
Andrew Carnegie, born November 25, 1835 and died august 11, 1919, was Scottish-born American industrialist. He was a businessman and a philanthropist. Andrew Carnegie was the founder of Carnegie Steel Company which later became U.S. steel. Carnegie is known for building one of the most prestigious corporations in United States history, and later in life giving away most of his riches. Carnegie is on my good side; I would call him a captain of industry, because he did well with some of his earnings and didn’t keep it all to himself.
J.P. Morgan also known as john Pierpont Morgan, born April 17, 1837 and died march 31, 1913, was an American financier, banker philanthropist, and art collector who happened to dominate corporate finance in the late 18 hundreds. He arranged the merger of Edison general electric and Thompson-Houston electric company with the ending result being General electric. He also put the merger of Federal Steele Company and Carnegie Steel Company along with other small steel companies to form United States Steel. After his death in 1913, he left all his fortune and business to his son John Pierpont Morgan. Morgan is also an industrialist that I would say was a robber baron. He also has vast amounts of money and doesn’t donate it to charity to help people like kids with no homes. I know how bad it is for kids with no homes in foster care now as I have spent the last few years of my life there and I can’t even think about how bad it was back then.
John D. Rockefeller Sr.,...
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