The entrepreneurs of the time helped boost the economy drastically by creating large. These workers sacrificed their lives for the owners and still were treated like they were worhless. Both Carnegie and Rockefeller, however, gave away their money to help build libraries, church organs, universities in Scotland, and even a Homestead Relief Fund, which gave money to steel workers and their families. These men did a great thing and helped their industries to excel and grow. By providing jobs, Carnegie gave immigrants similar to himself the same opportunity he was given. The reason that Carnegie cut the pay of his workers was a strategy to beat out his competition and it is not as if he is the only employer in America if workers were unhappy with their jobs they could have found work in a different factory or in a different industry if they thought their job to dangerous. He didn't set out to intentionally infringe upon the rights of the workers.
There were breakthroughs in technology leading to changes in agriculture, manufacturing, and transportation. Vicki Farrell I agree with Sarah. Also, major contributors to the process in which he was able to gain such large margins of profit was because of the low pay he gave to his workers. He gave hundreds of millions of dollars to organizations. The teacher needs to help students 1-1 to make sure they are selecting the correct information to go on the t-charts.
He owned the biggest monopolistic business ever owned, that means that for example to make an object, he owned the raw materials, the companies that made the object, and the transport to get it to the market. Our school district had to make pay cuts because we were in debt. Anthony Stasulli Carnegie was undoubtedly at the head, and had authority over, the steel industry and market. Carnegie almost failed in his endeavors, but he had the determination to keep going and not give up. He started out as a mere telegrapher with little money or education.
Had he not done so, prices would have risen drastically. They also gave to charity. Carnegie and Rockefeller showed the best ways to do this and are therefore captains of industry. Carnegie had competition because others wanted to follow in his footsteps and be great business men as well. All the money he did not pay his workers went back to them in various ways anyway. But he did not beg his employers for raises while still doing the same job that required little skill.
Industrialists of the time period abused their positions to justify cutting wages through political machines, forcing their employees into twelve hour work days, and firing bottom line workers, in the belief that this was vital for the growth of the United States. It was a risk that could sacrifice their job, but every business operation involves risks. However, did he do this as a cover up? He gained more money for himself by becoming skilled in certain areas. But Carnigie offered indirect solutions he created schools and libraries. Carnegie did donate a lot of money to charity, but that does not excuse the fact that he treated his employees poorly. He made it possible for greatness to be achieved by having a low transportation fee owning his own ships, his own mines and mills.
Steel could still be high priced. Hinde 1832 — 1915 was an industrialist and entrepreneur in the steamboat and railroad industries and one of the Captains of Industry. Captains of Industry: James J. Without Carnegie, steel would have been too expensive to purchase and we would not have the skyscrapers and huge cities we have today. I don't think he should be praised for giving so much money away when his workers were suffering every day. The immensity of Rockefellers holdings and public criticism of his business methods caused the Ohio Supreme Court to dissolve the Standard Oil Trust in 1892. The laborers did work in poor conditions but the corporation would not have been able to thrive like it did if conditions were not this way.
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. The company made its own barrels because this was cheaper than buying them. This benchmark is annually evaluated on the United States History End-of-Course Assessment. He then controlled almost all U. Our history is not all about heroes nor it is it all about villains. They were practical and had to maintain their wealth to keep their achievements.
A prime example is George Mortimer Pullman 1831 — 1897 who made his fortune by designing the Pullman sleeping car. Some of the actions of these men, which could only happen in a period of economic laissez faire, resulted in poor conditions for workers, but in the end, may also have enabled our present day standard of living. Also what Emily said with the workers salary, carnegie worked his way up from the bottom on a very low salary showing that it is possible to succeed under these conditions. Many of the workers in the mills were these immigrants who had to tediously learn and speak this new language. In regards to the workers, I feel like they did work in poor conditions, but it was expected.
Morgan was considered by many a robber baron, and there are many reasons for this. No matter what were to happen both of these industries the workers would have been faced with dangerous conditions because they were working at dangerous jobs, the workers knew this and still decided to work under these conditions and for the same pay. Carnegie gave 3,000 libraries, which gave more people a chance to develop their knowledge and to learn. So, if you gave an example of how your industrialist made his fortune by stealing from others the last Robber Baron Characteristic and your industrialist hurt a great number of people by doing this, then you want t place your X for that example very close if not on Very Bad, Robber Baron - The darkest shade. You can make copies for each student or have it shown on the overhead while students are answering the questions.