Title: "The Captains of Industry" Authors: Nickolas Szymanski Grade Levels: 10th Grade Time: One 50 minute class period Focus Statement: As we begin to explore the Gilded Age (1870-1900), that era in American History sandwiched between the Civil War/Reconstruction and the Progressive Era to the Great War, students will We focus instead on the fact that one of them (Zuckerberg) wears a hoodie even when being interviewed by investment bankers; or that Larry Page, co-founder of Google, refused to stop using his laptop when a big media mogul came to talk to him; or that Bill Gates used to rock furiously backwards and forwards in a rocking chair when being interviewed for an anti-trust case; or that Steve Jobs drove a comparatively modest sports car and lived in a small, old-fashioned house rather than the postmodern minimalist palace that many people would have predicted. Divide students into groups based on the industrialist that they read about during the Jigsaw activity and tell them to prepare to make an argument about whether their industrialist was a Captain of Industry or a Robber Baron. Same story with the high-resolution satellite imagery beloved of Google and now Apple. But this is all superficial stuff, the journalistic fluff of celebrity profiles and gossip columns. So the fact that one cannot see the information goods that Google and co gather, store, disseminate and control doesn't mean that those goods aren't real and valuable. Original reporting and incisive analysis, direct from the Guardian every morning, From left: Co-founders of Google Larry Page and Sergey Brin, Chairman and CEO of Dell Michael Dell, Co-founder of Microsoft Bill Gates, and Chairman and CEO of Facebook Mark Zuckerberg Photographs: AP; Getty, ere's an interesting fact: 10 of the people on, default setting for life should be "public". Andrew Carnegie Born in Scotland in 1835. Bought iron mines, shipping and rail lines necessary for production. (n.d.). Introduce the lesson using the attached Lesson Slides. During the 19th Century, businessmen creating large businesses titled Captain of Industry, Captain of Industry is a phrase that is sometimes used to describe business people who are especially successful and powerful. RB or Co. Captain of Industry are those who made a positive contribution to the nation by, From the years 1870-1937 John D. Rockefeller was a Captain of Industry and truly was an example of the idyllic American dream. Students explore the impact of American industrialists by completing a Jigsaw reading activity. This is far from the only example. All four of these business men are captains of industry because they open. Morgan Created the world's first billion dollar corporation: U.S. Steel Corporation. (AP Photo). Students examine the distinction between the terms robber baron and captain of industry. Captain of Industry. And if Germans object to the resulting intrusion on their privacy, well let them complain and we'll pixelate the sods. And because of the nature of networks, if we're not careful we could wind up with a series of winners who took all: one global bookstore; one social network; one search engine; one online multimedia store and so on. [Video]. Nothing could be further from the truth, as investigative journalist David de Jong demonstrates in his new book, Nazi Billionaires: The Dark History of Germany's Wealthiest Dynasties. New inventions like Alexander Graham Bell's telephone in 1876 or Thomas Edison's more practical light bulb in 1879, improved the lifestyles of many Americans. What month(s) do Americans spend the least? Captains of Industry is a modern day dandy's paradise, all contained within the tiny space of an upstairs loft nestled between Bourke Street and Somerset Place in the CBD. The thought that the technology industry might actually have teeth had never previously occurred to the denizens of Capitol Hill. (n.d.). The company's founders say grandly that their mission is "to organise the world's information" and they mean it. And this pattern will increasingly be replicated in other areas of economic life. Many years after their deaths we still recognise the names of John D Rockefeller and Andrew Carnegie. In fact, compared with the skills of the entertainment industry in suborning members of the US Congress, the technology magnates are the merest amateurs which is why the legislators were so astonished by the industry's vigorous reaction to Sopa, the Stop Online Piracy Act. Eastman created the Eastman Kodak Company. Forum: Start a New Discussion < > Showing 1-12 of 12 active topics 3 Nov 27 @ 2:10am More Trade & Contracts Mod Ronivan 32 4. Exam essay Microsoft the company that has propelled Gates, Ballmer and Allen into the Forbes pantheon dates only from 1975. Horizontal consolidation controlling the production, sale or distribution in the same business. John D Rockefeller just had to worry about fixing American officials and politicians; Larry Page, Google's CEO, has to deal not only with the US Department of Justice, but also with the European Commission, the Chinese government and Vladimir Putin's goons. Is Elon Musk a Captain of Industry? Philanthropist Gospel of Wealth make as much moolah as you can, but give it all away before you die. USH.2.1A: Analyze the impact of capitalism, laissez-faire policy and the role of leading industrialists as robber barons, captains of industry and philanthropists including John D. Rockefeller and Andrew Carnegie and his Gospel of Wealth essay on American society. Give students around 10 minutes to complete their reading and notes, then have each student share what they learned with their group, allowing group members time to fill out the appropriate sections in their graphic organizer. But perhaps the most intriguing question about these two different groups of industrial magnates concerns their legacies. The family ties arent secret many Nazi heirs, in fact, are quite brazen about their histories. John Rockefeller Titusville, PN oil is struck from the ground. The term came into common usage during the Industrial Revolution of the 19th century, when business barons gained tremendous power and wealth as a result of the booming new industries. Given their prominence, we know surprisingly little about our modern moguls for various reasons. 1. Last year, for example, Forbes commissioned an economist to come up with an inflation-adjusted list of the richest Americans of all time, and the website Business Insider published the results. Women are. From an abandoned island to vast. Thus began the era satirised by Mark Twain and Charles Dudley Warner in their novel The Gilded Age: A Tale of Today, which was published in 1873. Depression longer and deeper recession Panic moment or specific cause of a recession or depression. So we got a world where you could have any kind of computer you wanted, provided it ran Microsoft Windows. There are also radical differences in the kinds of industrial empires that the two classes of magnate have created. They love good design, efficiency, elegance and profits. Bell ringers and exit tickets. They may look cool and have soothing bedside manners, but in the end these guys are in business not just to make money, but to establish sprawling, quasi-monopolistic commercial empires. Jigsaw. I own a quarter of Bahlsen and I am happy about it, too, said Bahlsen. In the end, their abuses and excesses led to a legislative backlash in the form of the 1890 Sherman Anti-Trust Act, the first federal statute to limit cartels and monopolies, and to a more general public revulsion ushered in by Theodore Roosevelt's presidency in 1901. Four corners. Bill Gates funded the Gates Millennium Scholarship Program Sorry: it was a mistake." But according to de Jong, Bahlsen wasnt contrite about it, since she said her family had treated these slave laborers fairly. And Zuckerberg launched Facebookin2004. They employed millions of people, operated huge plants and equipment (railways, shipping, iron and steel mills, oil refineries) and made an indelible imprint on the landscape. Again, no problem: it's technically feasible, after all. Billionaires include Jeff Bezos, Bill Gates, Paul Allen, Warren Buffett, Steve Jobs, Steve Wozniak, Elon Musk, Mark Zuckerberg, and Jim . And here at least we do have a contemporary mogul who is way ahead of the pack. If the teacher would prefer, rather than a second writingassignment, students could create their own political carto. Bezos launched Amazon with his own savings in 1995. After giving students time to discuss their answers in pairs, invite a few students to share what they noticed and wondered about the image. The strongest link that binds them is that they are all pioneers in the exploitation of virgin territory, and that rings some historical bells. Make sure students justify their answers using the research they did in the Jigsaw activity. 5. Leland Stanford, EH Harriman, Jay Gould, Charles Crocker, Henry Plant, Henry Flagler, Cornelius Vanderbilt and Charles Yerkes built railways; John D Rockefeller created Standard Oil and brought his distinctive brand of oligopolistic order to the oil business, eventually controlling 90% of the industry; Andrew Carnegie, Henry Frick and Charles Schwab created a vast steel industry; and bankers such as JP Morgan, Joseph Seligman, Andrew Mellon and Jay Cooke organised the finance that funded these huge ventures. As Churchill might have said, we haven't yet reached even the end of the beginning. It should continue to belong to me. (n.d.). John D. Rockefeller did generate lots of revenue and create, century. By definition, a captain of industry is one with positive integrity. Captain of Industry: Directed by Andrew Laudone. We've bought into their narrative. Depending on who they were and how they used their money, they were either labeled a captain of industry or a robber baron. 4. Undercut rivals steel prices, drove them out of business. In this lesson, students will investigate the careers of four major business leaders from the late 19th century to discover how their actions and ideas transformed the U.S. economy. It's partly because wealth like political power is a powerful aphrodisiac. Play by the rules or renegade!!!! Carnegie libraries, museums and other public venues. The 19th-century entrepreneurs built huge companies, conglomerates and cartels. The men who built America: Andrew Carnegie. Go to slide 6 and display the political cartoon from the Gilded Age. (n.d.). Google, for example, has only about 33,000 employees worldwide. https://online.maryville.edu/business-degrees/americas-gilded-age/. All Discussions Screenshots Artwork Broadcasts Videos News Guides Reviews. But in reality they are gathering in Master Zuckerberg's shopping mall a fact that potentially gives him a reach and power that would make any robber baron green with envy. But in that febrile milieu a smallish group of ingenious, ruthless and visionary entrepreneurs created a modern industrial state. They were basically the pioneers who came up with different business plan and strategies to make a huge a profit. Yet were also titles Robber Baron meaning some were wealthy people who tries to get land, businesses, or more money in a way that is dishonest or wrong. What attributes would you look for when hiring a person to run your billion $$$ company? It's all stripped back chic in here, concrete floors, antique chairs and a myriad of typewriters adorning the quaint caf in the middle. Students will consider the distinction between Robber Barons and Captains of Industry, two terms that historians have frequently used to evaluate the positive or negative effects that these individuals had on the United States. Both terms were expressed during this time period by businessmen. They see themselves as progressives, as folks who want to make the world a better, more efficient, more rational place. Captains of Industry is a term applied to a group of entrepreneurs, inventors, and businessmen in the 1800s who acquired great wealth and success from their endeavors. Americas gilded age: Robber barons and captains of industry. This product is made of high-quality materials to serve you for years to come.Utilize your living area space with a bench mounted jackknife sofa, which operates like a futon at a fraction of the size. Built steel plants to produce steel. After all, the way their 19th-century counterparts live on is in the charitable foundations they established the Rockefeller Foundation, set up in 1913, and the Carnegie Corporation of New York, founded in 1911. Modern Day Captains of Industry Graphic organizer 2016 wealthiest men Modern Day Captains of Industry Graphic organizer 2016 wealthiest men Grade Levels 6th - 12th, Higher Education, Adult Education, Homeschool, Staff Subjects U.S. History, World History, Economics Resource Type Activities, Graphic Organizers Formats Included Word Document File A captain of industry brought an advanced, modern economy. No problem: you just throw resources and technology at the task. Whereas, a robber baron is motivated by greed. CEO Chief Executive Officer. Once Microsoft captured the market for PC operating systems and office software, Bill Gates and co ruthlessly leveraged their monopoly to eliminate rivals (remember Netscape?) Also known as a Trust. Some examples of these individuals include Jeff Bezos, the founder and CEO of Amazon, and Elon Musk, the founder and CEO of Tesla and SpaceX. Dell started making computers in his university dorm in 1984. Business cycle boom and bust patter or consumer buying and not buying goods on the market. For some of these people, great wealth is correlated with significant power. Rockefeller's standard oil. Oh and when we discover that those same cars have been hoovering up the details of our home Wi-Fi networks, their bosses say "Oops! But things are different in defense. GripFit Tan RV Captain Seat Covers (C795) by RV Designer. Mark Zuckerberg, for example, went from zero to $17.5bn in less than eight years. Invisible hand -- free market approach will ultimately decide good and bad practices. The wealthy industrialists of the late 19th century were captain of industries because they created new enterprises, they provided jobs for countless citizens, and donated to charitable causes. The 19th-century entrepreneurs built huge companies, conglomerates and cartels. In the era when the PC was the computer, Bill Gates was king because he controlled the PC. They are technocrats who cleave to a worldview that holds that if something is technically possible then it should be done. Government should not interfere with this process. And Google's cars have photographed every street in the industrialised world. The implication is that cyberpower has correlates in the real world, which means that it's time we had a really good look at those who wield it. If you read about Carnegie, go to this corner, etc.). Andrew Carnegie was a captain of industry because he donated a large amount of his wealth in an attempt to improve American society.. Have students consider the figure they chose in light of the concepts discussed in the earlier portions of this lesson. Captain of Industry is a colony and factory simulation game. To extend their learning, students will create a brief presentation about a business leader or philanthropist from modern society and explain how they were able to rise to the top of their industry. There were many factories leading to industrialization, including Immigration, the entrepreneurial spirit of captains of industry, the spirit of robber barons, and the rise of Labor Unions. In addition to building a modern industrial state, these gents amassed huge fortunes for themselves using a raft of dubious techniques, including fraud, stock-dilution, the bribing of corrupt politicians, the creation of secret cartels (ironically called "trusts") and the ruthless exploitation of poorly paid, non-unionised workers which is why Matthew Josephson dubbed them "robber barons" in his book of the same title. History 1302- 83447 His job was to show the captains of industry who came to these shores how to relax. History.com Staff. 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. We should also remember that the world in which Microsoft, Oracle, Google and Amazon operate is radically different in one important respect. The rise of J. P. Morgan. Not quite. (n.d.). J. Pierpont Morgan was an important captain of industry because he helped expand American economy and transform American business. They have already digitised a significant amount of the world's printed books although they are not yet authorised to make many of them available online. Captains of industry were seen as the better people as they used, based economy. The Bill and Melinda Gates Foundation, with assets of $37.4bn, is the world's largest charitable trust. But as digital technology began to pervade our daily lives, the boundary between the "real" world ("meatspace", as geeks used to call it) and cyberspace began to blur. Drove others out of business Bought competitors. We're charmed by their corporate mantras for example "Don't be evil" (Google) or "Move fast and break things" (Facebook). (Ex. On September 7, Robert Reich, who was Secretary of Labor under Bill Clinton and held various high-level government positions before and since, tweeted the following: Tesla forced all workers to. Strategy. Many could say these millionaires are both. One is that we are remarkably incurious about what makes them tick. They monopolized the railroads, the steel industry, the tobacco industry, the oil industry, and the financiers who controlled the banks and used unfair business practices. Step forward the Google boys, who have the power to render any website virtually invisible, because if their algorithms decide not to index a site then effectively it ceases to exist at least in cyberspace. Advance to slide 13. Sail to victory together with your customers, prospects, business partners or even internal staff and employees, under the supervision of an experienced skipper. Research posters. We sometimes refer to a senior manager of a major corporation as a captain of industry. Larry Page and Sergey Brin co-founders of Google occupy joint 24th place with $18.7bn each. identify an example of a modern-day robber baron and/or a modern day captain of industry. John D. Rockefeller controlled much of the American oil industry during the late 19th century and his business tactics made him one of the most notorious of the robber barons. Proceed to slide 12. Bloomberg turned a $10m redundancy cheque from Salomon Brothers into his personal money-pump in 1982. A captain of industry is an extremely successful entrepreneur who dedicates some part of his or her wealth to charitable pursuits. They were innovative in their businesses because they introduced new ideas. I Captain of Industry - pioneer or revolutionary spirit that transforms a company into a leading entity. Make sure to check for student understanding of the similarities and differences between these terms before moving to the next activity. http://www.history.com/topics/john-pierpont-morgan/videos/the-rise-of-j-p-morgan, History.com Staff. But it's mainly because we accept these people at their own valuation. Illinois Football Head Coach Nice guy vs. successful guy, who ya got? https://learn.k20center.ou.edu/strategy/49, Keppler, J. Think of the way Steve Jobs's creation Apple exercises such dominance over online music, smartphones and tablet computers. The prevailing technocratic motto is: if something can be done, then it ought to be done. Oil would be converted to kerosene and he created the idea of being able to sell the waste products and make even more money. What, one wonders, will endure of Google, Facebook, Oracle and Amazon? This video explains what a captain of industry is. [2] Google dominates the online advertising business. Have each group present their conclusion, arguing why their figure was a Captain of Industry or a Robber Baron. Andrew Carnegie: A Captain of Industry Andrew Carnegie, a Gilded Age industrialist, was a captain of industry, because he expanded the American steel industry through hard work, becoming one of the richest people in history, and then donated about 90% of his fortune in an attempt to improve society. And if publishers protest about infringement of copyright and authors moan about their moral rights, well, that just shows how antediluvian they are. He tried to keep a low profile, but muckrakers eventually exposed him as having corrupted the much of the petroleum business through monopolistic practices. Social Darwinism based on Darwins theory of evolution, rich are better class of people because they earned/worked their way to the top. With Buzz Leer, Ronny Stein, Simon Hedger, Charles W. Rhodes. What impact did American industrialists have on the U.S. economy in the 19th century and beyond? Bill Gates has his own charity called, Bill & Melinda Gates Foundation. The digital economy has a lot more growth left in it. Or ponder what Google and Facebook now know about our lives, loves and obsessions. I Captain of Industry pioneer or revolutionary spirit that transforms a company into a leading entity. In their black turtlenecks and faded jeans they don't seem to have anything in common with Rupert Murdoch or the grim-faced, silk-hatted capitalist bosses of old. For example, the modern-day neo-Nazi Alternative for Germany party, co-founded by a former Goldman Sachs economist, received major campaign contributions from August von Finck Jr., a financier whose father had founded financial services giant Allianz and a major private bank, Merck Finck, and profited handsomely from the Third Reich. Opened first oil refinery in 1863, formed the Standard Oil Company of Ohio in 1870 Transported so much oil on the RR that he forced the RRs to raise shipping costs on rivals while lower costs for his company. Instead of grinding the faces of the poor, our modern technology magnates move effortlessly from tech forums to TED to All Things D to Davos, reclining on spotlit sofas discussing APIs and cloud computing with respectful or admiring moderators. In addition, these captains of industry had many government officials under their thumbs, Robber Barons or Caption of Industry What month(s) or period do Americans spend the most? Strategy. To the physical economy created by Carnegie and co, digital technology has added a whole new economy based on information goods nowadays embodied as ones and zeros which may turn out to be at least as pervasive and valuable. And when the execrable working conditions prevalent in such places are exposed, the company's senior executives profess themselves surprised and appalled and resolve to do everything they can to ameliorate things. Robber Barons are businessmen who use unethical or questionable ways to gain power/wealth. Despite the bleating of their PR departments, they are not huge primary employers. The industries and enterprises founded by the robber barons of the 19th century still endure though in some cases (steel, for example) the action has moved to Asia and parts of the developing world. De Jong reports that Porsche had 20,000 slaves provided to him by Hitler. Captain of Industry are those who made a positive contribution to the nation by John D. Rockefeller: Captain Of Industry From the years 1870-1937 John D. Rockefeller was a Captain of Industry and truly was an example of the idyllic American dream. (n.d.). They appear, for example, to be much more law-abiding than their 19th-century counterparts; or at any rate they have had much less success in bending lawmakers to their will. They just do rationality. # mpn4742759120. Advance to slide 9 and introduce the Four Corners discussion strategy to the class. 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