Monday, February 9, 2015

Gilded Age: Robber Baron or Captain of Industry



                                                 Robber Baron or Captain of Industry


       During the Gilded Age the motive of many entrepreneurs was wealth. Sometimes motives can overtake someone's life and that is exactly what happened to many of the entrepreneurs during this time period. They were so caught up with making money and making sure their business stayed successful that they would do anything to keep it that way. Most often, their wealth driven lives lead them to mistreating their employees and not really caring about them or their families.

A prime example of a robber baron is Phillip Danforth Armour who started his own meat packing business called Armour & Company. Armour's reputation as a robber baron started with the labor activists in chicago who wanted to be payed more. They were also asking for better working conditions and the "eight hour work day." When Armour's employees started to strike he blacklisted all the union leaders and replaced them with poor citizens who were willing to work for any pay at all.

An example of a captain of industry is Andrew Carnegie who is associated with the steel industry and known for writing the Gospel of Wealth. Carnegie's book told the rich positive ways that they could of used their wealth to benefit the country. Almost every captain of industry you think you have found will also be called a robber baron because they were so rich that they could not give all their money away and most of these entrepreneurs were very stingy with their money.