Captains Of Industry Or Robber Barons
By the end of the civil war America was considered to be a nation that was having internal wars and as a failing democracy. Today, America is the most developed nation in all terms and the supreme power globally. This transition of the nation is due to the hopes and aspiration that certain young people of the nation had. These people were determined, innovative, and young, These people include Cornelius Vanderbilt, John D. Rockefeller, Andrew Carnegie, J.P. Morgan, Henry Ford and Thomas Edison. They are considered to be the first captains of the industry. They laid the foundation for the present greatest industries that include steel, shipping, oil, and finance. They are considered to be captains of the industry, since through their outstanding business skills they were able to transform the American economy. These leaders were not only skilled but also very much concerned about the society and the people around them.
United States of America experienced drastic change during the period of 1800-1900. There were great innovative that improved the technology in all areas. Waiting for these developments were men who very greedy and eager to improve their living standards at the cause of others. Among the people who are considered to be the leaders of the nation there also existed people who were rude and frauds. These people were referred to as “Robber Barons”. Robber barons abused their position by implementing lower wages, cutting the wages of employees, and forcing the employees to work for nearly twelve hours a day. They believed that the cost of steel and wood be affordable only by cutting the wages of the employees. However, this was not an acceptable reason since it was not necessary for cutting wages of the employees to purchase the resources. Robber Barons refer to the people who were negative in their thought and action. It includes, Vanderbilt and Rockefeller who were ready to take any risk and go to any extreme in order to accumulate wealth. Robber Barons were known for their inhuman treatment of employees and the methods that they used. They exercised ruthless and unfair labor practices on the laborers. Robber Barons were not concerned about the people instead concentrated on buildings and accumulating wealth. Motive of these leaders cannot be mistaken, but the method that they chosen was veer ruthless and inhuman. The aim of the robber barons was as all wealth.