Captains of Industry or Robber Barons

Captains of Industry
or Robber Barons?
Cornelius Vanderbilt
Vanderbilt first made a major fortune when a court case in the Supreme Court nullified any monopoly on Hudson River traffic, and Vanderbilt to control a lot of the shipping businesses along the river. ---Madeleine Naish
Morgan was the main force of the trusts and controlled nearly all basic American businesses. - Jordan McKenney :^D
Vanderbilt earned his money in the tranportatioon industry and also in the hopitality indusrty; Christian Reyes
Rockefeller was an industrialist and philanthropist. He founded the Standard Oil Company in 1870. It was the most successful oil company during that time period. He helped found The University of Chicago by donating 75,000,000 dollars. He also founded Rockefeller University. -Lillian Boot
John D. Rockefeller acquired his wealth through his oil business; he founded the Standard Oil Company. At one point in his life, he was responsible for around 90% of the oil refined in the US. Rockefeller treated his workers unfairly; he worked them long hours for low wages. He used his money by reinvesting it in other companies and industries, and he used it to pay for his wealthy lifestyle. He donated his money to medical research, a Baptist Church, and two colleges (University of Chicago and Rockefeller University). In addition, he donated some money to charity. Rockefeller was both a Rober Baron and a Captain of Industry. He was a Captain of Industry due to his philanthropy work and overall hard work to grow his oil business, while he was also a Rober Baron because he overworked his employees and was very sly in a bad type of way. - Hannah Fisher
Overall, Morgan suppourted growing industries in the US. At the beginning of the second industrialization wave, he controlled most mining land. He fought for the rights of miners alongside Presidential candidate McKinley and "got them to agree to a 10% wage increase" during the coal strike; according to A Biography of America "was pleased [McKinley won the election]" (Capital and Labour). -Erica Moriconi
"Carnegie gave most of his money to establish many libraries, schools, and universities in the United States, the United Kingdom, Canada and other countries, as well as a pension fund for former employees. "-Madison Adams
Made a fortune by investing his money in sorts of ventures. Became president of Merchants Bank and director of many others. Later after he died in december of 1873 his fortune of 7 million dollars was devived eually between 2 institues. He was the founder of John Hopkins Hospital and John Hopkins University.
-Lauren Steininger
Andrew Carnegie is said to be a Robber Baron because he did what ever was necessary to succeed which included exploiting workers. He would also lay off workers or close mills to cut prices. -Hannah Behles
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