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Captains Of Industry

Captains of Industry or Robber Barons

There are many powerful and rich men who come and go through a nations' history books. It is determined as to weather or not these men deserve positive recognition based on their deeds for the country that they work for. The dominant and wealthy men are placed into two categories. Robber Barons, people who steal money from the public, drained the country of its natural resources, and corrupted society; or there are the people who did receive large amounts of money, but gave it back to the country in different charitable forms, these men are known as Captains of Industry. I believe three of the world's richest men every, Andrew Carnegie, John D. Rockefeller, and J.P. Morgan, should all be classified as Captains of Industry. These men all did a lot for our nation and used their money to provide us with stability and aid when and where we needed it most.

First of these three men was Andrew Carnegie, born in 1835, in Scotland. Carnegie and his family immigrated to the U.S. due to money problems. He grew up working various jobs, in a cotton factory, as a telegraph operator, and finally, the post of secretary to the superintendent of the Pennsylvania railroad. When his boss had gone off to the


Carnegie believed " the wealthy had a moral obligation to serve as stewards for society" according to his book " The Gospel of Wealth." He had done this by funding and founding many great museums, many universities, and three thousand libraries; and in 1905, he also established Carnegie Teachers Fund with endowments of ten million dollars. All of this did a lot for the people at that time, it help to aid a better future for society. Carnegie also had done a lot to help aid to correction of violence, he believed in peace. For example, in 1910, he donated money to advance the cause of peace and he built the Central American Court of Justice in Costa Rica, and, he also financed the Palace of Peace. He wanted to ameliorate to tensions between countries, and in doing so, Carnegie did a positive deed for the Americans with his wealth. He contributed his earnings throughout a good portion of his life, spending over ninety percent of his fortune all together. He had even spent his remaining money of one hundred and twenty-five million dollars on creating the Carnegie Corporation in hopes of aiding colleges, universities, technical schools, and scientific research. It is true that this man had made a fortune, making a lot of people hostile towards him, but he had done the best thing with all of his money and in doing so, many American people benefited from the earnings of this man.

One final fortune maker was J. Pierpont Morgan who was born in 1837 to a very prominent family in Hartford, Connecticut. He grew up in Boston and went across seas to study, knowing he would inherit his family's' business. At the age of forty-two he had fully inherited his fathers business. J.P. Morgan soon become famous as an art collector and also as a great philanthropist. This man had worked a hard life to acquire his money, but he was well known for sharing it. Like the other man, he received lots of money from the Americans by using his business with the Railroads and various Banks. But he was right beside the Americans' side when the U.S Treasury had asked for his help. For e

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Approximate Word count = 1393
Approximate Pages = 6 (250 words per page double spaced)


  

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