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...ckefeller, in order to soften the appearance of him and his company, he also engaged in philanthropy and founded the University of Chicago and the Rockefeller foundation which helped educational institutions.
While it is true that these capitalists’ wealth widened the gap between the rich and poor, the discussion that these men were more like the leaders of a growing industry is even more valid. These Northern capitalists led the South away from the depending of farming for their economy, but more importantly, they used their wealth for the growth of America’s industry. If these men did not transfer their wealth towards philanthropist educational development, there would have been no idea for industrial development. And if the American industry could not develop, it would have never have risen to industrial excellence, which has made what our economy what it is now.
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