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Robber Baron or Captain of Industry?

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Daniella Schaening

on 29 January 2015

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Transcript of Robber Baron or Captain of Industry?

Robber Baron or Captain of Industry?
on little pay, with few breaks or holidays, and sometimes in dangerous working conditions. Most of the nearly 170,000 impoverished laborers in Carnegie steel mills never actually saw the man himself despite having typically worked for him 12 hours a day every day of the year except July 4th. Additionally, Carnegie bitterly fought back any attempt of employees to win higher wages and mercilessly crushed strikes sometimes through acts of violence.
Andrew Carnegie
A man of humble begginings as a Scottish immigrant, he climbed his way up the financial ladder through a series of jobs until he eventually earned his fortune by employing vertical integration to monopolize the Steel Industry. Carnegie benefited wildly from the depression of 1873 since such financial crises lowered prices and hampered competition. Carnegie built the largest and most technologically advanced complex of steel mills in the world at Homestead, Pennsylvania. By 1879 his company manufactured nearly all of the 930,000 tons of steel annually produced in the United States. By 1890, steel production levels rose to 4 million tons.
Worker Relations
Although Carnegie's company grossed more money anually than the U.S. National Treasury, his employees saw a meager fraction of that profit. Carnegie was known for his ruthless treatment of his workers, keeping them on very long rotations,
Despite his ruthless treatment of his workers in an industry he monopolized, Carnegie did not lose sight of his humble roots. Directing much of his energy to philanthropy and world peace, he was a strong advocate of the Gospel of Wealth, the belief that the rich should use their wealh to benefit he rest of society. Aside from the investments he made in the acquisition of his industry, the majority of his wealth went into generous gifts ofmusic halls, educational grants and funding approximately 3000 public libraries across the country. he $332 million in gifts to charity.
Robber Baron or Captain of Industry?
Donald Trump should be considered as a Robber Baron. He acquired all of his wealth through connections in his family, and he had a primary goal of only making more money than his father rather than helping the people. While he has donated millions to charity, he has taken away even more money from the masses and his employees through his real-estate investments. He has done nothing to improve the quality of life in America.
For these reasons, we can conclude that Andrew Carnegie was a Captain of industry. He started out as a simple immigrant and slowly worked his way to the top through hard work and the use of his abilities. Though his treatment of his workforce may seem harsh and rather cheap, his acquisition of this industrial monopoly was not unlawful. Furthermore, he never lost sight of his past and once he gained his wealth, he used it to give back to society through establishing many public organizations.
Robber Baron or Captain of Industry?
Donald Trump acquired a majority of his wealth through real-estate investments. He managed to make the right number of investments at exactly the right time. Plus, he had a rich father (who also specialized in real-estate) pass on his foundation to Donald which gave Donald a huge advantage. While he did go bankrupt, he regained his riches through the popular NBC reality show
The Apprentice.

Donald Trump
Money Spending
Government Opposition
Treatment of Workers
Often, Donald Trump has been indifferent of his employees and workers. As long as they are making profit, he can get gains as well. In August of 2014, Donald Trump made some comments about the Ebola incident in Libya. He believed that Ebola-stricken U.S. citizens shouldn't be allowed to return to America. While this incident has absolutely no direct impact on him, it gives insight into his personality and proves that he would be insensitive to the feelings of his own workers.
On August 3, 2000, a state appeals court ruled
that Trump had the right to finish an 856 ft tall
condo on NYC's east side. The Coalition for
Responsible Development had sued the city,
charging it with the violation of zoning laws by
letting the building tower over everything in the neighborhood. The city has since decided to revise
its rules to prevent more of such projects. The
failure of Trump's opponents to obtain an injunction
(a court order to stop) allowed him to continue
construction. This is a perfect example of Donald
Trump taking advantage of the government in order
to gain profit for himself.
By Harrison Fowler and Daniella Schaening
Full transcript