Analysis Of The Myth Of The Robber Barons

The Myth Of The Robber Barons Robber Barons are known as ruthless capitalist or industrialist of the late 19th century, known to have gain wealthyness by exploiting natural resources, corrupting legislators, or other unethical means. The Myth of the Robber Barons is a book about the entrepreneurs Cornelius Vanderbilt, James J. Hill, Andrew Mellon, Johne D. Rockefeller, the Scranton family, and Charles Schwab. Many in todays sociaty would argure that these men were all robber barons, but this book gives us a hole new look in the history of these men and there lives and all they did for the rise in the U.S economic power. This book devides these men into two groups; market entrepreneurs, which are Hill, Vanderbilt, and Rocketfeller, and the

Hill a market engineer was known best for being the builder of the Great Northern railroad. He was the onl y entrepreneur in the ninetiinth century who did not get any goverment funds to build his rail roads. His philosophy guided him to succeed and flourish through all the depression and fierce competion, receiving no tax payers dollars. He build the most efficient railroad lines, building the line straight as possible, taking in consideration the best elevations and useing the highest quality bessemer rails. Because he took no Federal aid he formed private contracts with Indian reservations in North Dakota and Montana. Doing this let him cut fuel costs alot and made rail repairs very low. He also Promoted exports, by giving land to immigrant along the line and showed them how to farm. He did experiments on what could be grown and how to produce it in the best way and the best quality. Doing this he was able to export wheat from the farms and also increase the population of the region. Then another thing that made him strive was he only expanded as profits allowed. He moved way slower than the other railroad companys, but when he was done his finances were well in order and sound. He was able to buy out St. Paul and Pacific Rail, also he invested 6 million dollars into 2 steamships and began exporting products from america to china, India, and Japan. this increased Us exports to japan from 7.7 million dollars to 51.7 million dollars in nine years. Also supplying

EnerDel is a company that builds and manufactures lithiumion energy storage solutions and battery sustems. they focus mostly on heavy duty transportation, On and off the grid electrical, mass transit applications. this was the first company in the U.S to mount commercial scale production of large- format , prismatic, lithium-ion battery packs. The goverment awarded enerdel over 118 million dollars in 2009 to build batteries for electric cars. There was a problem though the market for electric cars has never been strong and is now plummeting. The company beting on small electric-car sales failed to pay off, and ended up having to declare bankruptcy. Russian industrialist Boris Zingarevich acquired enerdel out of bankruptcy in 2012, and took the company and started a new business strategy. But after the earlier promises of hundreds of jobs, the goverment officials patience began to wear thin. The Indianapolis departmen of Metropolitan Development (DMD) demanded that enterdel repay 2.3 million the company saved from a tax-abatement deal with the city. However DMD said it was working toward an agreement to avoid ending the agreement it had with enterdel. as apart of the tax abatement agreement ,