Why are Andrew Carnegie, John D. Rockefeller, and J. P. Morgan considered as "Captains of Industry"?

History

2 answers:

qaws [65]3 years ago

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Because these men built some of the biggest industrial empires and pushed forward the industrialization of America.

svlad2 [7]3 years ago

4 0

Answer:

The term "robber baron" was applied to powerful nineteenth-century industrialists who were viewed as having used questionable practices to amass their wealth. On the other hand, "captains of industry" were business leaders whose means of amassing a personal fortune contributed positively to the country in some way. Another thing was, the wealthy elite of the late 19th century consisted of industrialists who amassed their fortunes as so-called robber barons and captains of industry. ... They made their wealth — and used it — in a way that would benefit society, such as providing more jobs or increasing productivity.

Explanation:

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