For additional facts refer to the Who were the Robber Barons? Ogden, before controlling steamboat travel and shipping. Huntington, Charles Crocker and Mark Hopkins. Schwab Schwab was an inveterate gambler and gained fame as the man who broke the bank at Monte Carlo. Although recognized as one of the Captains of Industry he was a ruthless capitalist who cut shipping rates forcing his competitors out of business Robber Barons: Leland Stanford - Railroad: Leland Stanford 1824 — 1893 was a ruthless industrialist but was also the founder of Stanford University. It is also in your writing packet. He was a Scottish immigrant who began working for the Pennsylvania railroad and quickly moved up the ranks.
The Robber Barons and the Captains of industry were both very similar but completely different with how they operated in the economic world. They could not, or would not, be controlled by the federal government during their heyday. The business methods they employe … d were widely viewed as illegal, immoral, unethical, or corrupt, taking every advantage over workers and consumers, and with little regard for anything but profit. He did all this, but he did it in a way in which he would greatly profit from, and some people said that he used shady methods to achieve his goals. However Rockefeller was ruthless and used questionable tactics which gained him enemies.
Shooting broke out, leaving some strikers dead. Vertical integration is when Carnegie bought out all suppliers to control all the stages of the manufacturing process, such as transportation, raw materials, and etc. Which of the individuals' actions were those of a captain of industry? Print out and make an appropriate number of copies of any handouts you plan to use in class. Robber Barons: Henry Clay Frick - Steel: Henry Clay Frick 1849 — 1919 was chairman of the Carnegie Steel Company who also financed the construction of the Pennsylvania Railroad. Note to teachers: This chart contains a blank row so that you can easily add the name of a business leader of your choosing.
One of the important events during his presidency were the increasing power of the Robber Barons. It's the best system I've seen so far. Mark Hopkins railroads - California. Pierpont devised a genius plan, and he managed to pull it off, and save the country from a depression. Huntington railroads - California, Virginia, and New York. There can be no mistaking their motives: wealth. They were praised for these skills as well as for their philanthropy charity.
Robber is the worst theft, theft is just sneaky and lies and Mark Twain says damnable lies. The goal is to simply get ideas on paper so that you can figure out how you want to organize them later. Industrialists Andrew Carnegie Jay Gould J. Each entrepreneur are not captains of industry, but robber barons; people who manipulate the people for their own benefit. Robber Barons and the Captains of Industry for kids was the 19th American President who served in office from March 4, 1877 to March 4, 1881. Finally, Henry Ford was also a robber baron. Henry Flagler railroads, oil, the Standard Oil company - New York City and Palm Beach, Florida.
Rockefeller 1839—1937 was the head of the Standard Oil Company and used much of his fortune to fund many philanthropic causes. Then when they controlled the market, they hiked prices high above original price Often regarded as the most unethical of the Robber Barons, he was involved with Tammany Hall and Boss Tweed early in his career. James Fisk was vilified for his unethical business dealings and was murdered on January 6, 1872 in New York City. Why was donating libraries so important to Carnegie? Are they on the Robber Baron side or Captain of Industry Side? By identifying these individuals as 'Captains of Industry', we offer a positive impression of their achievements as men of inventiveness whose hard work and ingenious strategies transformed the American economy of the post-Reconstruction era and the early 20th century. They des … troyed competition. Even though Carnegie built schools, libraries, homes, and railroads with most of his money, he still wanted profits from everything and tricks to bribe people into getting more.
So, the first thing we need to do is list the characteristics of each type. The Robber cuts your jugular veins and places false evidence of other drugs or murder fights or rape and has the entire earth hating you and uses the money to harm your off … spring who may get wise. These men were known for their ingenuity, intuition, and innovation as business men. In this paper you have two options. Tell the class that the label cannot always be applied with such assurance. Choose a Subject Directions: Choosing a point of view is not always easy. The Power of the Robber Barons The power of the Robber Barons grew.
Some of these became the wealthiest, most influential, and most famous individuals of their day, and their fortunes have enriched their descendants for generations. Even though he gave bonuses and high wages so they could work harder, only the unemployed men were allowed to work and had to follow strict rules. This term describes these powerful business men as ingenious inventive skill and imagination and industrious hard working leaders who transformed the American economy with their business skills. Cornelius Vanderbilt railroads, shipping - New York City, New York. Ford was seen as a great man for building hospitals, museums, etc.
There is some debate, however, on the how history should portray these industrialists. This event is used to symbolize the corruption of railroads. Henry Clay Frick steel - Pittsburgh, Pennsylvania and New York City. Pierpont was the richest man in the world in the early nineteenth century, he got to that position by doing things that nowadays would be considered as shady. Each made a name for themselves by forging their own corporate empire. The Robber Barons emerged during the United States Industrial Revolution of the 1800's. I won't sue you, for the law is too slow.