Wednesday, October 2, 2019
The Industrialists :: essays research papers
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.
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