In the twentieth century and the twenty-first they became entrepreneurs, necessary business revolutionaries, ruthlessly changing existing practices and demonstrating the protean nature of American capitalism. Boston had a weak profile, apart from donations to Harvard and the Massachusetts General Hospital.
He believed that surplus money should be given as benevolent acts to the poor. Enforcing harsh rules, ordering long work hours, and harsh treatment of employees gave them their names as robber barons.
Usage[ edit ] The term robber baron derives from the Raubritter robber knightsthe medieval German lords who charged nominally illegal tolls unauthorized by the Holy Roman Emperor on the primitive roads crossing their lands  or larger tolls along the Rhine river — all without adding anything of value, but instead lining their pockets at the cost of the common good rent seeking.
Carnegie was a philanthropist because he sent money to benefit libraries, the arts, and the colleges. Political cronies had been granted special shipping routes by the state, but told legislators their costs were so high that they needed to charge high prices and still receive extra money from the taxpayers as funding.
No matter how unethical these men were, they helped the country in such a way that it would not be anywhere near where it is today without them in the industry world.
Rather than make the effort to understand the intricate processes of change, most critics appeared to slip into the easy vulgarizations of the "devil-view" of history which ingenuously assumes that all human misfortunes can be traced to the machinations of an easily located set of villains - in this case, the big businessmen of America.
During the closing part of the nineteenth century, industries began to flourish across the United States. It is therefore justified to characterize the industrial leaders of the nineteenth century as both industrial statesmen and robber barons.
They were thought to have greatly abused their power. With their money, they built factories to manufacture goods, which helped people find jobs, and helped America grow. They knew that the skilled and unskilled workers of the factories had to work in order to survive.
Geisst says, "in a Darwinist age, Vanderbilt developed a reputation as a plunderer who took no prisoners.
Stiles says the metaphor "conjures up visions of titanic monopolists who crushed competitors, rigged markets, and corrupted government. By paying off the political parties, the industrialists were able to have laws passed that were favorable to their needs, regardless of the hurt it caused the workers.
But they also helped America grow and become stronger economically and internationally.Late nineteenth century industrial leaders have been called "industrial statesmen" for the great economic power they helped America become.
They have also been called "robber barons" because they built their great wealth by abusing the system, abusing their employees, and destroying their competitors to satisfy their own needs.
trusts, monopoly, greed - 19th Century's Industrialists: Robber Barons or Industrial Statesmen? Late nineteenth century industrial leaders have been called "industrial statesmen" for the great economic power they helped America become.
They have also. Start studying ROBBER BARONS/INDUSTRIAL STATESMEN. Learn vocabulary, terms, and more with flashcards, games, and other study tools. The three men, John D. Rockefeller, Andrew Carnegie, and J.P. Morgan, were seen as robber barons BUT they were also seen as industrial statesmen.
Those expressed by Matthew Josephson in the selection from his book The Robber Barons show more specific concern with social and political values. Josephson is a critic of monopoly capitalism, and his account of the development of Standard Oil reflects his opinion that profits are the principal goal of enterprise and that technological progress.Download