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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business leader that benefits the nation in a positive way
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*Are businesses that have total control over a sector of the economy, including prices
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control production and distribution of a product or service, thereby limiting competition and controlling prices.
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prohibited Chinese immigration
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Detailed explanation-1: -A captain of industry is defined as a business leader that benefits the nation in a positive way. This includes increasing the availability of goods, creating more and new jobs, and donating money to benefit the well being of the people.
Detailed explanation-2: -In the 19th century, a captain of industry was a business leader whose means of amassing a personal fortune contributed positively to the country in some way. This may have been through increased productivity, expansion of markets, providing more jobs, or acts of philanthropy.
Detailed explanation-3: -Rockefeller, Andrew Carnegie, J.P. Morgan and Henry Ford, industrialists who amassed their fortunes as so-called robber barons or captains of industry.
Detailed explanation-4: -Great captains of industry set and live by high, exact and rigorous standards that focus on excellence for its own sake. They focus on building, creating and contributing. They are inspired by more than just salaries, bonuses or compensation plans. They are disciplined in thought and action.
Detailed explanation-5: -Some of the most famous include Andrew Carnegie, Invar Kamprad, and Bill Gates. Andrew Carnegie is frequently cited as one of the first great captains of industry in the Industrial era.