ESSAYS ON HISTORY

 

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Essay on Captains of Industry on 1800's


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Essay on Captains of Industry on 1800's

There are many powerful and rich men who come and go through a nations history books. It is determined as to weather or not these men deserve positive recognition based on their deeds for the country that they work for. The dominant and wealthy men are placed into two categories. Robber Barons, people who steal money from the public, drained the country of its natural resources, and corrupted society; or there are the people who did receive large amounts of money, but gave it back to the country in different charitable forms, these men are known as Captains of Industry. I believe three of the world s richest men every, Andrew Carnegie, John D. Rockefeller, and J.P. Morgan, should all be classified as Captains of Industry.

First of these three men was Andrew Carnegie, born in 1835, in Scotland. Carnegie and his family immigrated to the U.S. due to money problems. He grew up working various jobs, in a cotton factory, as a telegraph operator, and finally, the post of secretary to the superintendent of the Pennsylvania railroad. When his boss had gone off to the war department during the civil war, Carnegie took over at the young age of eighteen. This is where his success had begun. He soon began to invest and make money, and in the early 1870 s, Carnegie began his steel business.

His business made him a wealthy man at a rapid pace, but Carnegie always used his money on the right thing. He made several donations to charities, and contributed millions of dollars to the U.S. people. He did a lot for our country such as increasing the availability of goods by building factories, raising productivity, expanding markets, and creating more jobs. Carnegie believed the wealthy had a moral obligation to serve as stewards for society according to his book The Gospel of Wealth........

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