Essay about Jay Gould's Way of Business

Essay about Jay Gould's Way of Business

Length: 726 words (2.1 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Jay Gould was titled “Most Hated Man in America”, yeah that’s right he was that type of Robber Baron. He had his ups and downs but in the end he turned out on top. A Robber Baron is defined as one of the American industrialists who became wealthy by “cheating” or using the stock market operation and unfair selfish treatment of labor. Jay Gould was a selfish Baron who owned railroads. He was named “Most Hated Man in America” most likely for his selfish treatment of labor and his “cheating” from early on. This Jay Gould guy owned 15% of all railroads at the time when he was on top, including the big one, “The Union Pacific.”
Before Jays golden days, his past was quite normal and non-rude. Jay Gould was born in Roxburg, NY on May 27th, 1836. He had obtained education at a local academy and also learned surveying. Gould had moved to New York City where he set up as a leather merchant in 1860. Between the ages 18 and 21 he had helped prepare maps of New York’s southern countries. Now it gets bad. Gould had found his forte in Wall Street. In that period of unregulated finance he mastered the intricacies of corporate management and security trading manipulation. He traded in the securities of his own companies, manipulating banks. From 1867 to 1872 he was a power and terror in Wall Street. That was his background of before he went for the big stuff.
Gould had a series of ways to get his wealth and some failed but in the end everything went his way. Jay wanted to make a huge profit by buying gold cheaply and selling it when the price rose. When the price of gold was good, Gould started to quietly buy up gold. On 24th of September 1869, the government’s gold hit the market and price of gold went way down and Gould lost money. Gould once ...


... middle of paper ...


...arely did. When he would die, all the money would go to his family and nothing outside of that. All of that money was 70,000,000 went to his heirs. To the few charities that he did donate to was the Vanderbilt Union Navy. He also donated $10,000 to a Presbyterian building fund because that was his religion. So with all the money he had earned, he had never donated one cent to public charities or works of beneficence with exceptions of religion and Vanderbilt.
To sum everything up, Jay Gould was a selfish Robber Baron that never spent or donated money outside of his family and business. He owned several railroads which was 15 percent of all roads in America. He was a terrible sport when it came to his workers. I would say that I believe that Jay Gould did earn that title of “Most Hated Man in America” and probably the worst Robber Baron there was at that time.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

The Dishonest Success of Jay Gould Essay

- Jay Gould Essay Jay Gould was a financial mogul during the Gilded Age. He was among the wealthiest men in America because of his works as a railroad developer and speculator. He was also a financier, which was at that time, a person who made a living from investing large amounts of money in order to get money back. He was also a considered by many Americans as a Robber Baron. Unlike the likes of John D. Rockefeller, he did not have a wealthy background. His mother and father did not have a lot of money....   [tags: investor, railroad, bribery]

Better Essays
600 words (1.7 pages)

Big Business and The Robber Barons Essay

- The decades after the Civil War rapidly changed the face of the United States. The rapid industrialization of the nation changed us from generally agrarian to the top industrial power in the world. Business tycoons thrived during this time, forging great business empires with the use of trusts and pools. Farmers moved to the cities and into the factories, living off wages and changing the face of the workforce. This rapid industrialization created wide gaps in society, and the government, which had originally taken a hands off approach to business, was forced to step in....   [tags: Corporate America Consumerism Capitalism]

Better Essays
1487 words (4.2 pages)

Essay on Stephen Jay Gould 's Theory Of Punctuated Equilibrium

- Stephen Jay Gould (1941-2002) was a paleontologist and his technical research was in the field of evolutionary biology. Steven Gould along with Niles Eldredge developed the theory of punctuated equilibrium ("Stephen Jay Gould"). This theory is a revision of Darwinian theory. Darwinian theory suggests that evolution change occurs slowly over time. The theory of punctuated equilibrium speculated that evolutionary changes does not occur slowly, but rather in rapid bursts over short periods of time; short as in: thousands of years; which are then followed by long periods of time where organisms undergo little, to no, further changes....   [tags: Natural selection, Charles Darwin, Evolution]

Better Essays
1368 words (3.9 pages)

Stephen Jay Gould's The Creation Myths of Cooperstown and Edward O. Wilson's The Serpent

- Stephen Jay Gould's The Creation Myths of Cooperstown and Edward O. Wilson's The Serpent If only I could have seen the blinding light before I complacently tagged along to Cooperstown with my Bazooka-chewing siblings and sunflower seed-spitting father. I would have loved to have known about the Cardiff Giant and the myth about the origin of baseball during our family vacation, but it was their moment of ignorant bliss and my moment to relish the songs of Helen Reddy. At the time, I was not impressed with the “American” sport, but now that I have read Stephen Jay Gould’s essay, “The Creation Myths of Cooperstown,” I will have something to say when the subject arises....   [tags: Gould Wilson Compare Baseball Essays]

Better Essays
1250 words (3.6 pages)

Knights of Labor Essay

- to be or not to be, that is the question. When one meets Gould for the first time, one witnesses a tremendous power: no one can question his charisma and compelling personality. But under the facade, behind the mask of great glory and munificence lies the true Gould, the Gould who desires to enslave the working man, to nullify his basic rights, and crush every bit of resistance against injustice. The duplicity of the magnate is not always obvious, but it is evident in his dealings with the Knights of Labor....   [tags: Jay Gould]

Better Essays
733 words (2.1 pages)

The Infamous Jay Gould Essay

- The Infamous Jay Gould Shortly after Gould left for Wall Street he made a modest profit by shorting railroad stocks in the panic of 1857.He had made a modest and profitable investment. He then went long in several railroads, shortly after the panic and his timing prooved to be extremely accurate. In 1867 Daniel Drew, treasurer and longtime director of the Erie Railroad, added Gould and James Fisk to the Erie board of directors. When Cornelius Vanderbilt, of the New York Central, sought to buy control of the Erie a spectacular battle ensued....   [tags: Papers]

Free Essays
393 words (1.1 pages)

Overview of Peter F. Oswald's Glenn Gould: The Ecstasy and Tragedy of a Genius

- In “The Ecstasy and Tragedy of a Genius,” author Peter F. Oswald shares the story of a famous and successful composer and pianist, Glenn Gould. Glenn Gould was born on September 25, 1932 to his mother Florence Emma Gould and father Russell Herbert Gould. Even before Glenn was born, his mother was determined that her “[…] child would have to be a successful musician, hopefully a great pianist” (Ostwald, 1997, p.39). At the age of three, both parents realized that Glenn was talented and gifted with absolute pitch (Ostwald 1997, p.44)....   [tags: glenn gould, career, milestone]

Better Essays
1929 words (5.5 pages)

History: Industralization and the Gilded Age Essay

- 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....   [tags: Business, Poverty, Society]

Better Essays
771 words (2.2 pages)

The Pandas Thumb -- Stephen Jay Gould Essay

- The Panda’s Thumb: More Reflections in Natural History With a touch of humor, geology, evolutionary theory, biology, cartoon characters and even some references to baseball, The Panda’s Thumb definitely makes excellent reading for people with all types of interests. The old cliché, “Don’t judge a book by its cover,” or in this case, title, holds true for The Panda’s Thumb. Theories concerning adaptations of the panda are only a fraction of the many exciting facts held within the pages of this publication....   [tags: essays research papers]

Better Essays
710 words (2 pages)

Stephen Jay Gould Nonmoral Nature Essay

- Evil in Nature and a Benevolent God The idea of the existence of evil in nature many times creates arguments between creationists and scientists concerning not only the design of nature by a creator –God, but the actual benevolence of God. In Stephen Jay Gould’s essay “Nonmoral Nature” (1984), he explores this highly controversial issue by posing the question: “If God is good and if creation reveals his goodness, why are we surrounded with pain, suffering, and apparently senseless cruelty in the animal world?” He uses the life span of the parasitic ichneumon wasp to illustrate a scientific view that the concept of evil is limited to human beings and that the world of nature is unconce...   [tags: essays research papers fc]

Better Essays
1134 words (3.2 pages)