Money makes the world go round so people can get rich or poor. The whole business issue emerged in the 18th-19th centuries and was created by two factions in US history, the Robber Barons and the Captains of Industry. These two are what determined the way the American economy is today. The Robber Barons and Captains of Industry were both very similar but completely different in the way they operated in the economic world. The robber barons amassed wealth in various ways, but still retained a sense of thieves from the way they obtained their wealth and treated their people, hence their name. The Robber Barons were considered an unsavory form of business due to the negative effect they had on the community. The idea and purpose of the Robber Baron was to make money for themselves, which is immoral for society. Most of the money raised by the Robber Barons was taken from the people and their community, further proving that they had earned much, if not most, of their wealth from the people without giving anything back to their city. The Robber Barons would also make their workers work in extremely harsh conditions that were harmful to their health and mental state, only to be made worse by the wages they were paid. These companies refused to consider their workers as people; instead they saw their workers as parts of a machine that can always be replaced. This was partly the fault of “social Darwinism”. This meant that the fittest would be able to become rich while the rest would not. This idea was created by Andrew Carnegie, a steel industry businessman, although the initial intention was to ensure that the government stayed out of the affairs of big business. Carnegie, a Captain...... middle of paper ......ckefeller, to soften the appearance of himself and his company, also engaged in philanthropy and founded the University of Chicago and the Rockefeller foundation which helped educational institutions. While it is true that the wealth of these capitalists widened the gap between rich and poor, the argument that these men were more like the leaders of a growing industry is even more valid. These Northern capitalists moved the South away from dependence on agriculture for its economy, but more importantly, they used their wealth for the growth of American industry. If these men had not transferred their wealth towards philanthropic educational development, there would have been no idea of industrial development. And if American industry had not been able to develop, it would never have achieved the industrial excellence that has made our economy what it is today.
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