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Captain of Industry or Robber Baron?
Transcript of Captain of Industry or Robber Baron?
How did he treat his workers? How did he spend his money? What luxuries did he have? How did he live? Did he donate any of his fortune? If so, how? Where? Positive or negative quotes about him? How did he treat his workers? How did he spend his money? What luxuries did he have? How did he live? Did he donate any of his fortune? If so, how? Where? Positive or negative quotes about him? How did he treat his workers? How did he spend his money? What luxuries did he have? How did he live? Did he donate any of his fortune? If so, how? Where? Positive or negative quotes about him? His father was a banker and Morgan immediately went into the business. He eventually started his own banking business in 1871 called J.P. Morgan & Co. which went very well. He treated them very well and gave them a fair pay. He collected art, and often bought treats for his workers
because they were working so hard. He donated his whole art collection to the Metropolitan Museum of Art and donated money to a lot to different schools such as Harvard. “A man always has two reasons for doing anything:
a good reason and the real reason.” hi hannah He worked for it. He worked in factories and then as a messenger boy. He learned all about capital money and how to invest and soon he was rich. He also relocated the railroad tracks. He treated them very bad. They were paid little and worked long hours. They were beaten and threatened. Even though he fought to help workers who have bad working conditions, he treated his own workers poorly. He bought a castle and steel. Started charities, foundations (The Carnegie Foundation), and museums. He gave away most of his money just before he died. He created the Carnegie Foundation in 1903. He also established 2,500 libraries and gave over 350 million dollars away by the time he died.
"I began to learn what poverty meant. It was burnt into my heart then that my father had to beg for work. And then and there came the resolve that I would cure that when I got to be a man." He started out in a middle class family. Then he began his first job when he was 16 where he learned to work, save, and give. He became very interested in the oil business and decided to start a refinery in 1865 with Samuel Andrews. He spent most of his money for philanthropy. He donated a lot to charity and also foundations that had a major effect on medicine, education, and scientific research. He treated his workers very well. He gave them a high pay, lots of vacations, and good pay raises. He gave over 530 million dollars to different places such as the University of Chicago and Rockefeller University. “Let the good work go on. We must ever remember we are refining oil for the poor man and he must have it cheap and good.” He grew up in a poor family and developed an interest in the sea watching his father work as a seaman. He started his own ferry business company and in the 1840’s he was managing over 100 steamboats. Then, in the 1860’s the railroad business grew bigger so he decided to buy a few railroads in New York. “You have undertaken to cheat me. I won't sue you, for the law is too slow. I'll ruin you.” He donated 50,000 to the Church of Strangers and 1 million to Vanderbilt University. He left his house and most of his fortune to his son, William, and left the rest of the money to his other children. Low pay and long hours for the workers. He spent most of the money he owned on himself, and his family. He also invested in and bought railroads and steamboats. His other money was donated. J.P. Morgan Andrew Carnegie Cornelius Vanderbilt J.D. Rockefeller Captain of Industry Captain of Industry Robber Baron Captain of Industry