Robber Barons Or Captains Of Industry

Want to read the rest of this paper? Join Essayworld today to view this entire essay and over 50,000 other term papers

It was also in the oil industry that he earned his
title of robber baron. Rockefeller is known for his oil monopoly which at
once controlled 95% of the world oil market. His oil business started with
refining. Rockefeller knew that oil drilling was very expensive and he
figured that he would let some one else spend millions to blindly drill
into the ground looking for black gold while he could make millions
refining the black gold. Rockefellow first started with refining oil into
carosien but it was not untill the invention of the internal combustion
engine that Rockefeller made his huge fortune in oil.

Many People consider Rockefeller a robber of industry because of
his forceable ways of gaining his monopolies. Rockefeller was fond of
buying out small and large competitors. If the competitors refused to sell
they often found Rockefeller cutting the prices of his Standard Oil or in
the worst cases, their factories mistiriously blowing up. Rockefeller was
obsessed with ...

Get instant access to over 50,000 essays. Write better papers. Get better grades. Already a member? Login

39 drops of saudler to seal oil cans. It was small cutbacks
like these that lead standard oil to the top and gave Rockefeller his only
'Captain of Industry' characteristics.

Hill was another questionable Character. Many will argue that Hill
was a robber baron but I believe that he was on of the few captains of
industry. Hill built the only trans-continental railroad that was not
subsidies by the government, the Great Northern. He was a very deversified
and did not share andrew carnegies idea of putting all of your eggs in one
basket and then guarding it. He also encouraged imigrants to come to
america to work on his railroads or to live near him. He often gave these
new citizens ...

Succeed in your coursework without stepping into a library. Get access to a growing library of notes, book reports, and research papers in 2 minutes or less.

CITE THIS PAGE: