During the late 1800’s, a group of innovative businessmen would change America’s standing in the world forever. Some of these men were Andrew Carnegie, John D. Rockefeller, J.P. Morgan and many more who contributed to industrial and economic change in the United States. They were not remembered as heroes by everyone. Some believe that their monopolizing ideas and ways of crushing their competition made them out to be “Robber Barons” rather than ¨Captains of Industry¨. They received a bad name because their success and the money they made, was at the expense of the working class. They revolutionized the American industrial system and boosted America’s place as a national manufacturing power, while also monopolizing businesses and hurting the working class. Where you find wealth, you'll find that the land contains monopolies. The Captains of Industry made money and revolutionized the American industrial system, boosted America’s place as a national manufacturing power, increased the standard of living in America by creating many jobs, and generously gave away their own money to various charities and organizations.
There are multiple reasons why these big businessmen should be remembered as “Captains of Industry”. One example is their generosity towards the …show more content…
Captain of Industry” debate is that of the big businessmen of the 1920’s. Like the Robber Barons, most big businessmen of the 1920’s weren´t very compassionate about their workers,but the others were. They both offered higher wages and benefits for their employees. One example of this is the creator of the assembly line and Ford company, Henry Ford. He used his huge buying powers to set up discount grocery stores in order to sell lower priced groceries to his workers. The compassion he feels is evident in this situation because he goes out if his way to help support his employees, just like the “Captains of Industry” did for theirs back in the Gilded