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Why Robber Barons Are The Captains Of Industry

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After the Civil War, an era known as the Gilded Age where US's economy was growing and cities was changing. Industrialist such as Carnegie and Rockefeller was crowned with the name of Captains of Industry and Robber Barons. The industrialist should be considered as Captains of Industry because they helped with the urbanization in the city, helped with US economy's growth, and donated large amount of money toward public organizations.

One of the reasons why the industrialists are the Captains of Industry is because they helped with the urbanization. For example, "Workers in agriculture outnumber all other 52 to 48 percent in 1870, but by 1900 no farming labor constituted 60 percent of the workforce. In 1870 the nation had only twenty-five cities with …show more content…
They helped increasing the city's population dramatically. In addition, Industrialist helped with the advancement in technology. As their business grew bigger, they needed more technology to make their life easier. One of the invention created was telephone. It was invented in 1876, and by 1900, it was in service for more than 1.3 million units. (Document D) The Industrialist not only helped with the urbanization in the cities, they also help US's economy in general. For instance," all the wealth accumulated by these classes of persons would be here just the same if they had not existed... millions more of wealth, manifold greater than their own, scattered in hands of thousands, would not exist but for them." (Document E) The economy would of stayed the same

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