WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
ROBBER BARONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Robber Baron
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Captain of Industry
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Either A or B
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None of the above
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Detailed explanation-1: -At face value, Morgan contributed greatly to American industry. He invested in Thomas Edison and the Edison Electricity Company; helped to create General Electric and International Harvester; formed J.P. Morgan & Company; and gained control of half of the country’s railroad mileage.
Detailed explanation-2: -In addition to funding libraries, he paid for thousands of church organs in the United States and around the world. Carnegie’s wealth helped to establish numerous colleges, schools, nonprofit organizations and associations in his adopted country and many others.
Detailed explanation-3: -Robber Barons vs Captains of Industry Robber barons were seen to be negative forces in the society; ruthless businessmen solely concerned with personal benefit, whereas captains of industry are transformative leaders generating great industrial strength and benefit to the society.
Detailed explanation-4: -In 1913, determined to see world peace flourish, Carnegie stated his belief that a “Temple of Peace” must be built to illustrate the urgency and importance of resolving war and establishing peace between all nations, through arbitration, mediation, and education.