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The Industrialists Company observers and historians have never agreed on their judgment as to whether or not large business tycoons like Rockefeller, Gould, and Carnegie were? captains of industry? , or? robber-barons? . My opinion is that these men have only followed what every human has ever dreamed of in this free country, which is to succeed far above everyone else, so that they could live in luxury, with wealth that they hope can bring them happiness. Being very smart and persuasive, through threats and or secret deals? under the table? , they found ways to get their way, and win in any situation.
In everything from controlling downsizing to manipulating stocks, these captains of industry have set a path that can be looked back upon as ingenious and very well thought and executed. Jay Gould, in a partnership with Drew and Fisk, was so surprisingly great that he could foil a plan that his own teacher of the business world had conceived. He also went behind the backs of his friends, learned that the government was soon to sell gold at a lower price, and rather than tell his friends, he sold his gold before the market dropped the price. With his friends lying in ruins, he had made a $ 12 million dollar profit. Jim? Jubilee?
Fisk, was a man who was cheated, but managed to make it great while being cheated. When Gould had illegally dropped 50, 000 new shares of the Erie railroad stock on the market, Fisk was able to bribe enough legislators in the state capital of Albany, to have Gould? s new stock legalized. Fisk also forced Drew out of the Erie after a betrayal concerning contempt charges. Soon, Fisk and Gould had the Erie under their complete control. Andrew Carnegie, as an official for the Pennsylvania railroad, invested in the Pullman carts, and had profits soaring in his benefit.
Taking every advantage of the low construction costs, he built a Bessemer process factory in Pittsburgh where the intersections of transportation lines met, coal from Pennsylvania and iron ore from Minnesota, with the minimum cost applied reducing production costs. He then achieved horizontal integration by owning everything that he needed to produce steel, and insured sufficient supplies at a stable price. Cornelius Vanderbilt, aka? the Commodore? , began his career as a ferry boy, but soon made a fortune from steamship lines and stock speculations. He invested primarily in the railroad franchise, gaining complete control of three major railroads, the Hudson, traveling from New York City to Albany, the Harlem, which ran through New York City, and the New York Central, which went from New York City to Toledo. John D.
Rockefeller had achieved horizontal integration and monopoly in the oil industry, owning the Standard Oil Company. He made sure that he wasted nothing, enabling him the highest profit imaginable. Going so far as to control the number of drops of solder used to seal cans, he might have been called a? tightwad? in modern day. He had vertical integration by bringing as many elements of his competitors under control through spies.
He merged with almost every company so that he could control every refinery and create the monopoly. John Pierpont Morgan was known as the greatest giant of the age, he was the son of a prominent banker, and learned early on how to make a fortune. He made the House of Morgan one of the most powerful banking institutions in the world. He reorganized many of the railroads of the countries, and used his international banking house to generate capital for the merging of railroad lines. He also extended his control over so many industries that he became an international supreme symbol of financial power in America. So, though using unthinkable tactics, ruthless measures, and manipulation of even our own justice system, these men have created an age that has been known as?
the era of good stealings? , and have done things that can never be achieved again. So these men have helped America become the Industrialized superior country that we are and always will be, deserving the name? Captains of Industry? .
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Research essay sample on Complete Control York City
