What is a robber baron? Webster’s New Dictionary defines it as an American capitalist of the late 19th century who became wealthy through exploitation (As of natural resources, governmental influence, or low wage scales) or a person who satisfies himself by depriving another. In America we had a lot of these kind of people. For this report I am going to tell you about the ones that I found most interesting to me. I would first like to tell you about Cornelius Vanderbilt.
Cornelius Vanderbilt was born in Port Richmond on Staten Island, N. Y. in 1794. Cornelius at the age of 16 had already stepped into the busniess world and he didn’t even know it. At 16 he entered into the steamboat business when he established a freight and passenger service between Stanton Island and Manhattan. Little did Cornelius know this would be one of the key ways he would make his millions upon millions. Cornelius entered the steamer business in 1818, and bought his first steamship in 1829. Cornelius was not a laid back guy nothing was ever good enough for him. If you had and Cornelius Vanderbilt wanted it there wasn’t much you could do to keep him from getting it. This is the kind of attitude that put him on top of the world. After establishing his steamboat Vanderbilt became a very vigorous competitor, lowering his rates while also making his ships top of the line. Vanderbilt the entrepuner himself soon controlled must of the Hudson River. After awhile his fellow competitors in the steamboat business paid him to take some of his traffic elsewhere so that he wouldn’t get all the work. By 1846 Vanderbilt was a very wealthy man and with wealth he learned cam power. He became widely know as the Commodore Vanderbilt. Vanderbilt sold his steamboats in 1862 and began buying railroad stocks. In a mere 5 years Vanderbilt used his power to uphold most of the New York Central Railroad system. Vanderbilt like in his steamboats strived to be the best in the railroads now. Vanderbilt established many railway systems during his railroad career maybe his most famous was that of the one that connected New York and Chicago in a direct rail route in 1873. At the time of Vanderbilt’s death in 1877 he was worth over 100 million dollars the most at that time.
Another questionable hard workingman is that of John Davison Rockefeller. Rockefeller was born in R...
... middle of paper ...
...of what we know about cars to Henry Ford. Ford died April 7, 1947, in Dearborn.
Who owns the “Superstation” and the Atlanta Braves? The television king Robert Edward Turner III who was born in Cincinnati, Ohio in 1938. Turner who was educated at the Georgia Military Academy and Brown Universitey. Turner had a major set back in his life after his dad committed suicide. He inherited the family billboard-advertising business. In 1970 Turner had bought a failing television station in Atlanta, Georgia and by 1975 he had transformed it in to one of the leading stations.. He did this by showing low-cost sports and entertainment programs via satellite to cable systems throughout the country. In 1976 Turner bought the baseball team the Atlanta braves and then the next year he bought the Atlanta Hawks In 1980 Turner invented Cable News Network(CNN) the first 24 hour news station. In 1988 he launched Turner Network Television(TNT). Then in 1991 Turner married the actress Jane Fonda. Turner now at the age of 63 still owns all his companies.
I would have to say that after doing this report I learned that no matter how you earn the money you just have to have it to be successful.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- ... This meant that the most fit would succeed to become rich while others would not. This idea was created by Andrew Carnegie, a businessman of the steel industry, although the first intention was to make sure that government would stay out of the affairs of big businesses. Carnegie, a Captain of Industry, supported a few of these ideas, which made the public think he was a Robber Baron. However Andrew Carnegie near death did participate in philanthropy to soften his image of being a Robber Barron to the public, to appear as a kind man.... [tags: money, monopoly, businsses]
864 words (2.5 pages)
- Infamous Robber Barons The nineteenth century, brought America into a new world. In the 1900’s, many men set the tone for our history. These men go by the names of J.P Morgan, Andrew Carnegie, John D. Rockefeller. These men each brought America into the future. Although these men are the reason for where we are today, they did not get to where they were without making enemies along the way. All these men had another thing in coming, as much as they hated each other they all were dependent on each other to strive.... [tags: John D. Rockefeller, ExxonMobil, Standard Oil]
1196 words (3.4 pages)
- 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]
1487 words (4.2 pages)
- More often than not, America’s antebellum capitalists are accused of being the “robber barons” of industrial America. The misconception is that these men took advantage of a naïve and growing economy and reaped its benefits without giving anything in return. True, the majority of America was poor in comparison to the few elites, but the philanthropist efforts and contributions of these men can not be denied. If not for these men and their efforts, there would have been no one to pave the road to America’s industrial domination.... [tags: Post-Civil War America]
496 words (1.4 pages)
- 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.... [tags: Microsoft, Bill Gates, Entrepreneurship]
1500 words (4.3 pages)
- The Myth of The Robber Barons by Burton W. Folsom "The Myth of The Robber Barons" by Burton W. Folsom, JR. tells a unique story about entrepreneurs in early America. The book portrays big businessmen as being behind America's greatness. Folsom explains that there are two kinds to entrepreneurs, market entrepreneurs and political entrepreneurs. He also states "no entrepreneur fits perfectly into one category or the other, but most fall generally into one category"(1). According to Folsom, political entrepreneurs fit the classic robber barons mold (1).... [tags: Papers]
527 words (1.5 pages)
- The Robber Barons When the names Carnagie, Rockefeller, and Pullman come to mind, most of us automatically think of what we saw or read in our history books: "These men were kind and generous and through hard work and perseverance, any one of you could become a success story like them," right. Wrong. I am sick of these people being remembered for the two or three "good deeds" they have done. Publicity and media have exaggerated the generosity of these men, the government has spoiled these names with false lies, and people have been blind to see that these men were ruthless, sly businessmen who were motivated by your money and their struggle for power.... [tags: history]
731 words (2.1 pages)
- Robber Barons and the Gilded Age Did the Robber Barons and the Gilded Age of the 1890’s and early 20th Century have a negative impact on 21st Century Corporate America today. Carnegie, Rockefeller, Morgan, and Vanderbilt all had something in common, they were all “Robber Barons,” whose actions would eventually lead to the corruption, greed, and economic problems of Corporate America today. During the late 19th century, these men did all they could to monopolize the railroad, petroleum, banking, and steel industries, profiting massively and gaining a lot personally, but not doing a whole lot for the common wealth.... [tags: American History Argumentative Persuasive Essays]
612 words (1.7 pages)
- Industrial development of the late 18th century (around 1865-1900) is often characterized by it’s affluent, aggressive and monopolistic industrial leaders of the likes of men such as Andrew Carnegie, William H. Vanderbilt, and John D. Rockefeller. Due to their ruthless strategies, utilization of trusts, and exploitation of cheap labor in order to garner nearly unbreakable monopolies and massive sums of wealth, these men are often labelled as “robber barons”. At the same time, they are also often referred to as “industrial statements” for their organization, and catalyst of, industrial development; not to forget their generous contributions to the betterment of American society.... [tags: trusts, monopoly, greed]
1060 words (3 pages)
- Robber Barons The robber barons of the early industrial age, and one modern day baron have been accused of creating monopolies over several different areas. The four barons focused upon are Cornelius Vanderbilt, Andrew Carnegie, Rockefeller, and Bill Gates. They have all created monopolies over their respected industry. These monopolies eliminated all opposition and left consumers with only one choice. First off is Cornelius Vanderbilt, he built his business with the New York railways. He built the New York Central System by the 1850’s, he also produced the largest steamboat fleet in the United States at that time.... [tags: essays research papers]
830 words (2.4 pages)
- Does Business have Social Obligations?
- Cultural theory and the meanings of money
- The Importance of Communication in the Turnaround of SAS
- Marxism and Labour Theory - The Conflicts between Employee and Employer
- Motivation, Communication and Leadership Theory
- The Impact of Information Technology on the UK Financial Sector