Robber Barons vs. Industrial Statesmen

621 Words3 Pages
In the era following the Civil War, Industrialization had many leaders. These leaders achieved the great growth of the economy and industry of the United Sates, leading the United States to become the leading industrial power in the world. Many historians question how honest these men were with their actions, we critique them because of the way they distributed their fortunes. It is true; many of these industrial leaders did cause harm socially, creating barriers and many competitions nationwide. They are called “industrial statesmen” for the great economic power they helped America become. At the same time, they are regarded as “robber barons” because they built their great wealth by abusing the system, abusing employees, and destroying their competitors to satisfy their own needs. They grew America, but brought down many on their path. Document F is concentrated on John D. Rockefeller. A great man, really, in charge of having possibly the biggest oil refinery company in the world. John Rockefeller gave $506,816,041.18 to various Baptist churches and missionaries, education boards, universities, and foundations before he died in 1937. The greatest act of generosity by this man, but what does this really mean? Rockefeller actually used these donations to improve their image and to have their name live on forever. This only leads one to believe how dangerous a man with so much power can be. Rockefeller controlled more than 95% of the worlds oil market. His standard Oil Company was the monopoly of the oil market. He earned the label robber baron from his oil monopolies, by using his intelligence to try a new way of oil business. In doing so, knocking down the rest of the market. They all built great companies that offered opportunity. Document D expressed the words of Russell H. Conwell. Conwell talks of the benefits of having rich men in our society. Why are
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