Robber Barons or Captains of Industry?. Did they acquire their wealth through exploitation and ruthless tactics? OR Did they serve the nation positively?. The Gilded Age. Coined by Mark Twain A number of extremely rich people living lavishly for the first time (around 4000 millionaires)
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Did they acquire their wealth through exploitation and ruthless tactics? OR Did they serve the nation positively?
just more people who are poor
ex. Rockefeller’s Standard Oil (produces own barrels, cans, etc…whatever else it needed)-set out to control trans. needs, etc.
Robber barons or captains of industry?
Did they acquire their wealth through exploitation and ruthless tactics?
Did they serve the nation positively?
Rockefeller CenterTheRockefeller Center officially opened in May 1933. It incorporated his business venture of a “city within a city” and gainfully employed over 40,000 people at the height of the depression. is a complex of 19 commercial buildings covering 22 acres between 48th and 51st Streets in New York. Built by the Rockefeller family, it is located in the center of Midtown Manhattan, spanning between Fifth Avenue and Seventh Avenue. It was declared a National Historic Landmark in 1987.
Carnegie Steel-Pittsburgh“Steelers”The Steelers logo was introduced in 1962 and is based on the "Steelmark," originally designed by Pittsburgh's U.S. Steel and now owned by the American Iron and Steel Institute (AISI). In fact, it was Cleveland-based Republic Steel that suggested the Steelers adopt the industry logo. It consists of the word "Steelers" surrounded by three astroids (hypocycloids of four cusps). The original meanings behind the astroids were, "Steel lightens your work, brightens your leisure, and widens your world." Later, the colors came to represent the ingredients used in the steel-making process: yellow for coal, red for iron ore, and blue for scrap steel. While the formal Steelmark logo contains only the word "Steel," the team was given permission to add "ers" in 1963 after a petition to AISI.
industrial consolidation arenas
Fueled discrimination-the poverty-stricken condition of many minorities was evidence of their unfitness per many whites
Carnegie argued the wealthy had a God-given responsibility to carry on projects of civil philanthropy for the benefit of society (he distributed over $350 million to support libraries, universities, public institutions, etc.)
Ex. The railroad industry, renowned for its unjust business practices, including random and unfair rates