During the turn of the 19th century, the American economy rapidly switched from an agriculture base to one of the largest manufacturers in the world through Industrialization. This movement could be tied to the Gilded Age, or the time between the Civil War and WWI, where the rich were extremely poor and vice versa. The wealthier Americans during the Gilded Age were the poster children of the nation, the picture of American opportunity, and a large contributor to the spike in immigration to the United States during the turn of the 19th century. With developments in manufacturing, these wealthy citizens capitalized on the opportunity and became leaders during Industrialization, earning themselves the title of Industrialists. Industrialists during …show more content…
James B. Weaver was a populist party candidate in 1892, in his speech ‘The Call to Action’ he referenced the Oatmeal trust of 1887. This trust decided to close part of its mills that “stood idle” and raise the price of oatmeal by a dollar. This business integration took jobs of former employees and raised prices unfairly, cutting corners by producing only seven million barrels of wheat. This tactic isn’t fair to consumers or workers, and it’s unfair. Ida Tarbell, an investigative journalist focused her attention on John D. Rockefeller's company ‘Standard Oil’ and composed the ‘History of Standard Oil Company’. According to Tarbell Standard Oil created a ”remarkable scheme” which competitors couldn’t fight for very long. Standard Oil demanded cheaper rates on their moved oil or ‘rebates’ from railroad companies. This unfair tactic allowed Standard Oil to lower their prices dramatically which would eventually decrease competition. What Tarbell alluded to in her piece was that when a monopoly is achieved over the industry, Standard Oil would be able to raise prices without refutation. William Vanderbilt, the son of the 19th century industrialist Cornelius Vanderbilt conducted an interview on the railroads constructed during his father's’ era. According to Vanderbilt, the businesses that …show more content…
This statement is true, but the money that sustained the philanthropic ways of the Industrialists was obtained in a way exemplify the qualities of a Robber Baron. A list of Rockefeller's major donations added up to about $500,000,000. While this money went charities and hospitals, the money was made from unethical business practices and the undermining of employees. The Saturday Globe’s political cartoon of Carnegie shows him cutting wages and giving away libraries and money. Industrialists took money that went from their workers away to practice philanthropy. The money might have gone to great causes, but the way it was obtained is characteristic of Robber Barons. Andrew Carnegie's essay, “The Gospel of Wealth” he describes the role of the wealthy in the community. Carnegie class the millionaire a “trust for the poor” and states that the wealthy know how to best invest n the community. This role taken on by Carnegie and other wealthy Americans of the late 19th century is reminiscent of that of an oligarchy, where a small group has control of the community. The oligarchical position of the wealthy in Carnegie's essay is against the American values of freedom and individuality, and very discriminatory towards the
The mid-19th century is one of the major turnarounds in the history of the United States. That is the time when America became an industrial giant and emerged as one of the most powerful countries in the world. The Industrial Revolution changed the people’s way of living in the whole world, especially the United States, from hand and home productivity to machine and factory. America rose from a rural and agricultural country to an urban-industrial that introduced new technologies. The United States has been through a lot of ups and downs in spite of its emergence and three books tell the story of the Industrial America from three different perspectives.
Have you ever wondered what it would have been like to live in this world and country during the transition from a rural; agriculture society to an economic nation rise of an industrialized society? Well that is exactly what the people of the Gilded Age experienced. It was a time of a dramatic business and political practice. In order for the business’s to rise there soon became a great amount of separation towards the people and the country. This caused our society to experience a stressful time and made it very difficult for ideas and concepts to equal out. Throughout this specific document there are four sources that were written by different individuals. Each and every source has an explanation and an overview of the times in the Gilded Age.
The Gilded Age was a time in American history that came to be known as a major turning point for the country, as it marked the decline of an economy based on agriculture, and brought forth the rise of an economy based on business and industry. Following the Civil War and Reconstruction, it was a great time for change, especially for the economy. The economy improved, and at the same time, it granted more opportunities for inventors and businessmen to come out and share their talent with the the world. As America began to industrialize and make new advancements in technology, it also began to encourage the growth of the middle class and promoted the importance of social mobility and competition between businesses. The Gilded Age was a time when
In the late nineteenth century known as the Gilded Age (or the Reconstruction period) and the early twentieth century known as the Progressive era, the nation went through great economic growth and social change. Beginning in the 1870s, there was rapid growth in innovations and big businesses. This could be because there was population growth and when there is population growth, there is a high demand for products and other necessities in order to strive in society. Many immigrants from Europe, mostly from the eastern and southern Europe, and Asia moved to American cities. Additionally, farmers from rural America desired to increase economic growth and since corporations ruled and political problems occurred, they decided to move into the cities.
The late 19th century and early 20th century, dubbed the Gilded Age by writer Mark Twain, was a time of great growth and change in every aspect of the United States, and even more so for big business. It was this age that gave birth to many of the important modern business practices we take for granted today, and those in charge of business at the time were considered revolutionaries, whether it was for the good of the people or the good of themselves.
The Gilded Age was the last three decades of the nineteenth century, when America’s industrial economy exploded generating opportunities for individuals but also left many workers struggling for survival. With the many immigrants, skilled and unskilled, coming to America the labor system is becoming flooded with new employees. During this period, the immigrants, including the Italians, were unskilled and the skilled workers were usually American-born. There was also a divide in the workers and the robber barons. Robber barons were American capitalist who acquired great fortunes in the last nineteenth century, usually ruthlessly. There was much turmoil throughout the business and labor community. Two major organizations, the Knights of Labor and the American Federation of Labor, helped represent the workers in this time of chaos. The Knights of Labor, founded in 1869, were representing both skilled and unskilled workers. They were quite popular with a large boost in membership becoming the biggest union in 1885. They sought for equal pay and equal work. All were welcomed to the Knights of Labor; there was no discrimination on race, gender, or sex. They called for an eight-hour day in order to reduce fatigue and for safety issues. The Knights of Labor Declaration of Principles states their purpose is to “make industrial and moral worth, not wealth” (Reading 9, p. 1). This means the moral worth is to what they could contribute to society rather than monetary gains. They were working towards this improvement of the common mans life to advance in civilization and create new ideas for society. They also called upon the employer to treat the employee with respect and fairness so they can contribute to not only their company but to Amer...
Expansive growth was the moniker which expressly defined the Gilded Age. Industry in all sectors, witnessed massive growth leading to the creation of an American economy. Due to the rapidly changing nature of industrialization important men of both the public and private sectors attempted to institute their own controls over it. However this transforming landscape integrated both economic and political changes, but also cultural and social interactions. In turn, those who controlled the flow of business would also steadily impact the American social scene by extension. Alan Trachtenberg, professor of American studies at Yale and author of The Incorporation of America, argues that the system of incorporation unhinged the idea of national identity that all American’s had previously shared. As a result incorporation became the catalyst for the great debate about what it meant to actually be American, and who was capable of labeling themselves as such. Throughout his work Trachtenberg consistently tackles the ideas of cultural identity and how those ideas struggled against one another to be the supreme definition of Americanism. This work not only brings to life the issue of identity but it attempts to synthesize various scholarly works into a cohesive work on the Gilded Age and demonstrates that concepts developed during the incorporation of the time period have formed the basis for the American cultural, economic, and political superstructure. The Incorporation of America sets a high standard for itself one in which it doesn’t necessarily meet; however the work is still expansive and masterful at describing the arguments of the Gilded Age.
The Gospel of Wealth is primarily about the dispersion of wealth and the responsibilities of those who have it. Carnegie thinks that inheritance is detrimental to society because it does not do any good for the inheritor or the community. Inheritance promotes laziness and the lack of a good work ethic does not teach the young sons of wealthy men to make money for themselves or help those in community they live in. Carnegie believes that charity is also bad and instead of handouts money should be given to those in a position to help the needy help themselves to be better citizens. It is the responsibility of the wealthy to use their surplus earnings to start foundations for open institutions that will benefit everyone. Men who only leave their money to the public after they are dead which makes it appear to say that if they could take the money with them they would. For this reason Carnegie is in support of Death taxes to encourage men to spend and use their money during their life. Carnegie says in his essay that a definite separation of the classes is productive for society and is very natural. If the classes were to become equal it would be a forced and change thus being revolution and not evolution...
Document M gives us quotes from Andrew Carnegie’s, “Wealth” in the North American Review, June 1889. He states that he wanted more than just the wealthy to prosper: “The man who dies rich is a disgrace.” He was one of those men who would leave their wealth for public use on his deathbed. He never spent too much of his money because he wanted to “set an example of modest... living…; and… to consider all surplus revenues… as trust funds;” he’s a little bit of a hypocrite. Carnegie’s ideas are criticised for the mistakes along the way, but when his ideas came to be, they made big impacts all around the
Andrew Carnegie, a Scottish-American steel tycoon and one of the wealthiest men of the nineteenth century, believes that social inequality results as an inexorable byproduct of progress. In his 1889 article entitled “Wealth,” Carnegie claims that it is “essential” for the advancement of the human race that social divisions between the rich and poor exist, which separate those “highest and best in literature and the arts” who embody the “refinements of civilization” from those who do not (105). According to Carnegie, this “great irregularity” is favored over the “universal squalor” that would ensue if class distinctions ceased to exist (105). Carnegie states that it is a “waste of time to criticize the inevitable,” believing that poverty is an inherent characteristic of society rather than the result of elitist oppression (105). Carnegie may conclude that the rich do not necessarily owe the poor anything, but he also believes that wealthy philanthropists such as he should donate their vast accumulations to charity while they are still alive. In Carnegie’s mind, contributions to supporting educational institutions and constructing landmarks serves to
A penny saved may be a penny earned, just as a penny spent may begin to better the world. Andrew Carnegie, a man known for his wealth, certainly knew the value of a dollar. His successful business ventures in the railroad industry, steel business, and in communications earned him his multimillion-dollar fortune. Much the opposite of greedy, Carnegie made sure he had what he needed to live a comfortable life, and put what remained of his fortune toward assistance for the general public and the betterment of their communities. He stressed the idea that generosity is superior to arrogance. Carnegie believes that for the wealthy to be generous to their community, rather than live an ostentatious lifestyle proves that they are truly rich in wealth and in heart. He also emphasized that money is most powerful in the hands of the earner, and not anyone else. In his retirement, Carnegie not only spent a great deal of time enriching his life by giving back; but also often wrote about business, money, and his stance on the importance of world peace. His essay “Wealth” presents what he believes are three common ways in which the wealthy typically distribute their money throughout their life and after death. Throughout his essay “Wealth”, Andrew Carnegie appeals to logos as he defines “rich” as having a great deal of wealth not only in materialistic terms, but also in leading an active philanthropic lifestyle. He solidifies this definition in his appeals to ethos and pathos with an emphasis on the rewards of philanthropy to the mind and body.
The mid 19th century was an age of growth like no other. The term “Industrial Revolution” refers to the time period where production changed from homemade goods, to those produced by machines and factories. As industrial growth developed and cities grew, the work done by men and women diverged from the old agricultural life. People tended to leave home to work in the new factories being built. They worked in dangerous conditions, were paid low wages, and lacked job security (Kellogg). It is difficult to argue, however, that the economic development of the United States was not greatly dependent on the industrial revolution.
...failed in his duty to redistribute his surplus wealth to his community, and that the State should heavily tax the remaining estate. This belief that men of wealth were responsible for bridging the widening gap between the well-to-do and those hoping to do well led Carnegie to publish The Gospel of Wealth.
Near the end of the nineteenth century, business began to centralize, leading to the rise of monopolies and trusts. Falling prices, along with the need for better efficiency in industry, led to the rise of companies, the Carnegie Steel and Standard Oil company being a significant one. The rise of these monopolies and trusts concerned many farmers, for they felt that the disappearance of competition would lead to abnormaly unreasonable price raises that would hurt consumers and ultimately themselves. James B. Weaver, the Populist party's presidential candidate in the 1892 election, summed up the feelings of the many American Farmers of the period in his work, A Call to Action: An Interpretation of the Great Uprising [Document F]. His interpretations of the feelings of farmers during that time were head on, but the truth is that the facts refute many of Weaver's charges against the monopolies. While it is true that many used questionable methods to achieve their monopoly, there were also other businessmen out there that were not aiming to crush out the competition. In fact, John D. Rockefeller, head of Standard Oil and a very influential and powerful man of that time, competed ardently to not crush out his competitors but to persuade then to join Standard Oil and share the business so all could profit.
A wealthy person, with the desire to do well with their fortune, could benefit society in a number of ways. Carnegie has verbally laid a blueprint for the wealthy to build from. His message is simple: Work hard and you will have results; educate yourself, live a meaningful life, and bestow upon others the magnificent jewels life has to offer. He stresses the importance of doing charity during one’s lifetime, and states “…the man who dies leaving behind him millions of available wealth, which was his to administer during life, will pass away ‘unwept, unhonored, and unsung’…” (401). He is saying a wealthy person, with millions at their disposal, should spend their money on the betterment of society, during their lifetime, because it will benefit us all as a race.