Skip to content

Robber Barrons Vs Captains Of Industry Essay Typer

Robber Baron Vs. Captain Of Industry

Robber Baron

Vs.

Captain of Industry?

John D. Rockefeller was the guiding force behind the creation of the Standard Oil Company, which grew to dominate the oil industry. This company was one of the first big trusts in the United States, thus much controversy and opposition arose regarding business strategies and its organization. John D. Rockefeller was also one of the United States first major philanthropists, establishing numerous important foundations and donating close to $600 million to various charities.

An ongoing debate remains as to whether John D. Rockefeller was a "robber baron" or a "captain of industry". Rockefeller was highly criticized for his success and the means by which he attained it. Although, in actuality, he brought order to a chaotic economic system. Many of his accomplishments, strategies, developments and donations have positively altered American society and economy.

John D. Rockefeller's was a dedicated, driven young boy who learned the art of hard work and the gains of capital early in life. He continually proved to be hard working, very competitive, a skilled business strategist and forecaster and he had the ability to pick gifted associates and work with them harmoniously. Others viewed him as "industrious, even-tempered, generous and kind [man]" Throughout his life, Rockefeller remained faithful to the values of religion, hard work and family.

In 1970, The Standard Oil Company was founded by John D. Rockefeller, along with his brother William, Andrews, Henry Flagler and others. This was Rockefeller's opportunity to take control, devise and execute strategies to develop and expand the business.

Rockefeller was continuously analyzing the industry, as a whole, as well as his individual company. He despised waste and devoted considerable energy on increasing the efficiency of his refining business. "The seal for perfection of detail was from the beginning a factor in the growth of the Rockefeller's firm." He took decisive steps to increase the efficiency of all aspects of the company.

"The emphasis on cost never ceased." He hired his own plumber and bought his own plumbing supplies. He built his own cooperage shop and made his own barrels for the oil. He bought tracts of white-oak timber for making the barrels. Instead of transporting the freshly cut green timber directly to the cooperage shop, he had kilns built on the timber tracts to dry the wood on site to reduce the shipping weight of the lumber. He bought his own wagons and horses to transport the wood to the cooperage shop in Cleveland.

Nothing was left to chance and nothing left uncounted and measured, efficiencies down to the smallest detail of the business was necessary. Other business entrepreneurs had the same opportunities to make their oil refineries more efficient and cost effective. Whether they did not have to business insight that Rockefeller had, or they were not willing to take the necessary...

Loading: Checking Spelling

0%

Read more

Beowulf vs. Captain Miller of "Saving Private Ryan": Comparison of hero Characteristics.

769 words - 3 pages Imagine being on a boat, full of anticipation. As the door drops soldiers are gunned down simultaneously before they have a chance to defend themselves. Captain Miller looks around as his comrades are slaughtered in vain. Out of instinct he seizes a fellow soldier, leaps off the boat into the water and screams, "Let's go!" just as the man in front of him is hit by a mortar shell. Throughout history, many conflicts required the rise of a great...

Captains of Industry Essay

909 words - 4 pages Captains of Industry PaperPost-Civil War (Reconstruction Era) laid the groundwork for what the United States economy is today. The United States switched from an agricultural society to a more urban society. With the invention of steel beams to build with, it provided the opportunity to create larger buildings on less land thus creating more...

The American Businessman: Industrial Innovator or Robber Baron?

1560 words - 6 pages The American Businessman: Industrial Innovator or Robber Baron?During the latter part of the nineteenth century, industries began to bloom across the United States. Local businesses and merchants gave way to larger corporations and industries. The head of these industries, such as the names of Rockefeller, Carnegie, and J.P....

Robber Barons

961 words - 4 pages Because they exploited ruthless tactics to destroy competition, create monopolies, and corrupt the free enterprise system, the industrial leaders of the late 19th century were called robber barons. Men such as Rockefeller, Carnegie, and Vanderbilt were the kings of American industry and American society during the late 1800s and early 1900s. Enforcing harsh rules, ordering long work hours, and placing their workers in dangerous environments,...

The Robber Barons- John Rockefeller: Historian Matthew Josephson's thesis

523 words - 2 pages It is historian Matthew Josephson's thesis that John Rockefeller was a 'Robber Baron,' an exploiter of capitalism who crushed the smaller capitalists, who brought hardships to many, but from a socialist's point of view, praised for doing...

Robber Barons

568 words - 2 pages The Robber Barons, as they were called, were the kings of American Industry and American Society during the late 1800's and early 1900's. Rich beyond the average man's wildest dreams, these industrialists were often criticized for their philosophies and their ways of making money. Robber Barons can also be viewed as immoral, greedy, and corrupt, and the evidence to support such a view is not difficult to find. Bribery, illegal business...

Who Were the Robber Barons? what was their impact on the economy today? who are some modern robber barons? What is a robber baron who are the three robber barons listed?

2912 words - 12 pages Who Were The Robber Barons?"A friendship founded on business is better than a business founded on friendship." These words ring true in the ears of business owners and CEOs even today. Who was the man that spoke these words that still have thought and meaning today? Why, none other than John D. Rockefeller. Rockefeller was one of the many "robber barons" of the gilded age. In case you were wondering, a robber baron is a "ruthlessly powerful...

The Robber Barons

732 words - 3 pages The Robber Barons When the names Carnagie, Rockefeller, and Pullman come to mind, most of us automatically think of what we saw or read in our history books: "These men were kind and generous and through hard work and perseverance, any one of you could become a success story like them," right? Wrong. I am sick of these people being remembered for the two or three "good deeds" they have done. Publicity and media have exaggerated the generosity...

Martin Dressler: The Tale of an American Dreamer, by Steven Millhauser

1129 words - 5 pages Martin Dressler: The Tale of an American Dreamer by Steven Millhauser is a novel that accurately displays the progress of the United States in the time period. Progress was in the air and ideas were sprouting. The citizen of Martin’s time desired the next big thing. The Robber Baron of this time period has both similarities and differences with Martin. Martin strived to be successful, but did it the right way. Martin’s desire for the...

John Pierpont Morgan's Powerful Empire and Enduring Legacy.

2288 words - 9 pages The Industrial Era was the age of entrepreneurs and monopolies, power and wealth, haves and have-nots, in which a few thrived and feasted on the barely-living. The powerful men that controlled the business environment through the turn of the 20th century have set the standards for the business leaders of today. Andrew Carnegie, John D. Rockefeller, and John Pierpont...

In the late nineteenth century, a select few Americans separated themselves from the rest by fulfilling the American Dream.

769 words - 3 pages In the late nineteenth century, a select few Americans separated themselves from the rest by fulfilling the American Dream. William H. Vanderbilt attained wealth as a successful railroad executive when he joined the family railroad businesses and eventually succeeded his father as president. Andrew Carnegie became one the richest people through...

Captains Of Industry Essay

1360 Words6 Pages

In the late 1800s and early 1900s, during the climax of the American Industrial Revolution, there was a small group of men who owned the major businesses and were leaders of their industries. They owned factories, railroads, banks, and even created company towns for the sole purpose of housing their workers. Due to the efforts of these few men, the U.S. economy became the envy of the world, and America became a leading world power. They provided the public with products that were in high demand for reasonable prices, and opened their markets to countries overseas. Although many people believe the early industrialists were Robber Barons who exploited the poor, these great men were truly Captains of Industry who created new ways of doing…show more content…

Although some of these criticisms are well founded, men like Andrew Carnegie and John D. Rockefeller were, in fact, Captains of Industry because they employed millions and created new ways of doing business. Before all these industrialists can along, America was just another country that had little significance to the world. If it was not for them, we as a nation would not be where we are today. The industrialists prospered mainly due to their wit, and the many innovations that they brought to their various fields of business. They created monopolies because they were the most effective forms of enterprise, and there were no laws that prohibited or restricted their use. As John D. Rockefeller himself said, "I believe in the spirit of combination and cooperation when properly conducted….It helps to reduce waste, and waste is a dissipation of power."(Danzer 424) Critics say that these men ruthlessly took over their fields of business, and "did not play fair". What's wrong with striving for success? What's wrong with being efficient? What's wrong with making a product that no one can equal? What's wrong with besting your competitors? Nothing. The principal reason for the success of the industrialists was their ability to provide products and services to the public at reasonable rates. This was also the main reason that they were so despised and vilified by their competitors and the covetous

Show More