Discuss why Carnegie should be called a “robber baron” or an industrialist. Think good Carnegie, bad Carnegie. The question regarding Andrew Carnegie’s intentions as an industrialist has been debated for decades. Many consider him an unfair “robber baron” who contributed only negative things to the country. Others, however, view Carnegie as an important industrialist who was the king of steel.
Powers of a Monopolistic Anarchy While the Microsoft Empire maintains its status as a vast company of large-scale production, readily contributing to the national GDP, and yielding high interest and profits to its associates, criticism and controversial accusations keep mounting. The thought of a monopoly as the economic device for good business seems almost mind-boggling to Microsoft’s competing corporations, as well as the entire economic community, legal and commercial. Why is monopoly such an undesirable practice? Why does the Microsoft Monopoly, in particular, violate the antitrust laws, and how far ought the government go in its efforts to regulate and fight such monopoly. What are the economic crimes that Microsoft is guilty of?
Carnegie took a strong stance on wealth and its stewardship. He argued that wealth in the hands of the few is actually beneficial for the progression of civilization overall: it is “essential for the progress of the race, that the houses of some should be homes for all that is highest and best in literature and the arts, and for all the refinements of civilization” Many disagree with the viewpoint that concentrated wealth in the hands of a few benefit the welfare of the greater masses, but I believe that not only was this a valid idea when he proposed this theory as a whole, but that his work has done immeasurable good and that it is still a valid theory in practice today by some of our wealthiest citizens. Many criticize the ideals in his essay The Gospel of Wealth as being elitist. Carnegie was to a certain point because he had earned the right to be with hard work, determination and business savvy. When he wrote this essay he was not writing it to talk down to the poor and destitute, he was writing this piece to urge his peers to demonstrate responsible stewardship with the wealth they had accumulated.
CNOOC Group evolved from a traditional upstream company to an integrated group of energy-related companies with promising primary businesses and a complete industrial chain. The six main business segments of the Company are oil & gas exploration and development; professional technical services; refining, sales and fertilisers; natural gas and power generation; financial services and alternative energy resources. This suggests that while CNOOC limited itself is a upstream company engaging mainly in exploration and production, there is a
In accounting terms Net income is total revenue minus all costs of operation, interest on debt, and taxes. Net income is the amount available to management to use for providing a return to shareholders, or pursuing strategic goals for the company. Each business segment of the companies’ operations contributes to the total. The most used aggregate measures of net income sources in the oil industry are the upstream (exploration and production) and downstream (refining and marketing) sectors. Both BP and ExxonMobil are giant, integrated organizations with exposure to oil, natural gas, refining, and downstream products.
‘The impact of the british empire was more positive than negative.’ How far do you agree with this statement? At its peak, the British Empire was the largest empire that the world had ever known, because of its huge scale it undoubtedly had both positive and negative effects on many. The empire itself had hugely positive effects on the economy of Britain at the time and helped trade between countries within the empire prosper, allowing Britain to buy and sell exotic products such as tea and other spices which would have been previously unattainable. By having such a large empire Britain not only gained Wealth and prosperity but also power and safety through their allies. Despite the numerous positives for Britain many other colonies felt the negative effects of the British empire sparking many conflicts in the past 200 years.
His charismatic style allowed him to connect with the Americans, especially during the Great Depression. This allowed him to move forward with his plans to work American out of the depression era. He had capture many hearts because of his courageous outlook dealing with his disabilities. President Roosevelt was also known for his ability to communicate with foreign and domestic relations on the affairs to make this country how it is today. Another successful leadership style that President Roosevelt had was is political style.
Philips benefited from the strong combination of the leadership skills of Gerard and sales acumen of Anton. Philips was a preferred place to work for in Holland as they really took care of their employees this helped them develop a strong work force. The fact that Gerard used a focused approach and concentrated on being a leading light bulb manufacturer meant that no other company could complete with Philips when it came to technology and production techniques. This strength in research and technology gave Philips the strong start it needed. As a result of the great depression and high trade barriers Philips felt the need to establish its operations in the countries to which it was exporting to.
He is very hard working and become successful business man. Moreover, he is very kindly and compassionate “He [brings] out two half dollars and [presses] them into the man’s hand” (p.2).To summarize in this ironic story, it demonstrates that after a life threatening accident, some people’s views are influenced badly by the experience while others choose to stay in a good manner which leads to a successful
This process was the beginning of imperialism. Imperialism is defined as, “the policy, practice, or advocacy of extending the power and dominion of a nation especially by direct territorial acquisitions or by gaining indirect control over the political or economic life of other areas; broadly: the extension or imposition of power, authority, or influence.” (Merriam Webster, 2002) Industrialization spurred the development of imperialism. As nations became economically superior they began to dominate and control other, lesser developed, nations. At this point, underdeveloped nations had to either begin their own process towards industrialization or remain subservient to more powerful nations. As a whole, agricultural nations were part of the feudal system.