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Morgan, Carnegie, and Rockefeller were all men who formed their empires off of related industries: oil, mining of iron, steel production, and the railroads. They employed vast forces of workers, foreign and domestic alike: paying them little with twelve, thirteen hours of work a day. There practices with horizontal capitalism enabled them to control huge areas of the market and draw money from literally thousands of sources whilst keeping eternal spending to almost nothing. From they aspect that these men are icons in our society it is important to see that that set up a form of business that is so widely practiced it is almost impossible to find a CEO that does not run multiple parts in our market.
Basically these men set a viable mold for present day economics. For example the companies of MSN, NBC, MSNBC, Time Warner Cable, Warner Bros, CNN and many more are all owned and operated by the same group of people. However, there are many other issues that stem from this control of such economical giants that will have to be touched on during some latter date. On the contrary, it appears disgusting to many, many people that a few old, rich, white-men, control so much of the wealth in one nation, and use that wealth to further their own assets by manipulating the government, beating out competition, and screwing over employees, middle, and lower income class families alike.
Or at least that aspect seems disgusting to me. However it is also arguable that without these men the lifestyle we have become so used to in America would not be possible. The economic system that currently exists would be one that we would be unfamiliar with, and entirely different system would be occurring. It is most likely that the majority of the wealth in the nation would be held by many more people, and that small, single product industries would still be dominantly prominent. However this is just a theory.
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Research essay sample on Men Wealth Control
