WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
AMERICAN INDUSTRY DEVELOPMENT IN THE GILDED AGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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philanthropists
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Gilded workers
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industrial capitalists
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entrepreneurs
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economists
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Detailed explanation-1: -"Robber baron” is a term used frequently in the 19th century during America’s Gilded Age to describe successful industrialists whose business practices were often considered ruthless or unethical. Included in the list of so-called robber barons are Andrew Carnegie, Cornelius Vanderbilt, and John D. Rockefeller.
Detailed explanation-2: -John D. Rockefeller (1839-1937), founder of the Standard Oil Company, became one of the world’s wealthiest men and a major philanthropist. Born into modest circumstances in upstate New York, he entered the then-fledgling oil business in 1863 by investing in a Cleveland, Ohio refinery.
Detailed explanation-3: -Similarities between rockefeller and carnegie. Some similarities between JDR and AC were they were both multi-millionaires, they were philanthropists (people who donated monye to charities/foundations) and they had inspired many businessman to follow their tactics.
Detailed explanation-4: -Carnegie and Rockefeller were both entrepreneurs, captains of industry, and philanthropists, but what sets them apart is that John D. Rockefeller was also known as a robber baron. Born in Scotland in 1835, Carnegie moved to Pennsylvania and worked in a textile factory, as a …show more content…