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Robber baron industrialist Even before academic studies began, Americans were enthralled by the Robber baron debate. As the United States industrialized very rapidly after the Civil War, a few hundred prominent men made large fortunes by building and controlling major industries, such as railroads, shipping, steel, mining and banking.
Yet the newer who gathered the most attention was railroader Cornelius Vanderbilt. Historian Stephen Frazier argues that probably most Americans admired Vanderbilt; they agreed with biographer William Augustus Croffut who wrote in It is now known that the desire to own property is the chief difference between the Savage in the enlightened man; that aggregations of money in the hands of individuals are in inestimable blessing to Society, for without them there could be no public improvements or private enterprises, no railroads or steamships, or telegraphs; no cities, the leisure class, no schools, colleges, literature, art — in short, no civilization.
The one man to whom the community owes most is the capitalist, that the menu gives, but the man who saves and invests, so that his property reproduces and multiplies itself instead of being consumed. A minority were irate and excoriated the titans of finance and industry as 'robber barons' and worse.
Godkinfounder of The Nationlaunched a volley of invective at the new plutocracy: Biographies of Mellon, Carnegie and Rockefeller were often laced with moral censure, warning that 'tories of industry' were a threat to democracy and that parasitism, aristocratic pretension and tyranny have always trailed in the wake of concentrated wealth, whether accumulated dynastically or more impersonally by the faceless corporation.
This scholarship, and the cultural persuasion of which it was an expression, drew on a deeply rooted sensibility—partly religious, partly egalitarian and democratic—that stretched back to William Jennings Bryan, Andrew Jackson and Tom Paine.
Business historian Allan Nevins challenged this view of big businessmen by advocating the "Industrial Statesman" thesis. Nevins, in his John D. The Heroic Age of American Enterprise 2 vols. He argued that while Rockefeller may have engaged in some unethical and illegal business practices, this should not overshadow his bringing order to industrial chaos of the day.
Gilded Age capitalists, according to Nevins, sought to impose order and stability on competitive business, and that their work made the United States the foremost economy by the 20th century. Nevins argued that economic development in the United States caused relatively little human suffering, while raising the general standard of living and making the United States the great industrial power capable of defeating Germany in both world wars.
The great capitalists of that period should, he argued, be viewed, not as 'robber barons', but as men whose economic self-interest had played an essentially positive role in American history, and who had done nothing criminal by the standards of their time.
Stiles, chronicling the lives and careers of such dominant figures as J. Pierpont MorganJohn D. RockefellerAndrew Carnegieand Cornelius Vanderbilt. Though these later biographers did not confer heroic status on their subjects, they used historical and biographical investigations to establish a more complex understanding of the American past, and the history of American economic development in particular.
In historian Hal Bridges finds that "The most vehement and persistent controversy in business history has been that waged by the critics and defenders of the 'robber baron' concept of the American businessman.
Richard Whitehistorian of the transcontinental railroads, stated in he has no use for the concept, because it had been killed off by historians Robert Wiebe and Alfred Chandler.
He notes that "Much of the modern history of corporations is a reaction against the Robber Barons and fictions.Investigate performance of a selected small business enterprise. J&S furniture is a furniture manufacturing company owned by two brothers John and Smith.
J&S started operations in and there is a satisfactory growth in this business since then. THE rest of the story need not be shown in action, and indeed, would hardly need telling if our imaginations were not so enfeebled by their lazy dependence on the ready-mades and reach-me-downs of the ragshop in which Romance keeps its stock of "happy endings" to misfit all stories.
Now, the history of Eliza Doolittle, though called a romance because of the transfiguration it records seems. Source SMECorp In Malaysia, Small Medium Enterprise (SME) companies are recognized to offer new job opportunities, initiate innovations, encourage competition, and .
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