The Role of Capitalists Essay - 1267 Words

Nick Reynolds 12/4/14 U.S History G Block The Role of Capitalists DBQ Many capitalists worked to shape post Civil War America through building new businesses to employ many people and create new jobs as well as change America through creating new inventions such as a faster and cheaper way of producing steel and discovering the uses and increasing demand for oil. All of these inventions would change America, with the faster and more efficient method of steel production massive skyscrapers rose in the nations great cities and as oil refining rose so did the popularity of the automobile. With these businesses exploding it created many new jobs and allowed for those who controlled these industries to become some of the richest†¦show more content†¦Another time we see these Robber Barons using their money all for themselves is in document F titled, Vanderbilt â€Å"Summer Cottage† showing a massive mansion in Newport Rhode Island. This mansion is enormous and is only used as as a house for a quarter of the year. Vanderbilt spent enormous amounts of money on this mansion that he would barit ely even use instead of using it to raise the pay of his workers or just share with the less fortunate. With all the money he spend on his own pleasure he could have impacted hundreds of lives of those who work for him who struggle every day to allow for him to achieve his fortune. This image of a summer cottage shows how Vanderbilt and the Capitalists of this time were not Captains of industry but infact Robber Barons. In document H Clement Studebaker gives a testimony to the Chicago Conference on Trusts stating, â€Å"No true monopoly is possible in this country except that enjoyed by a virtue of a patent granted by the United States†. This quote suggests that these Robber Barons have partially achieved their fortune through luck as nobody had gotten to the patent before them allowing for them to create a monopoly. The Capitalists if the time should have recognized their luck and allowed for other businesses to start up as theirs had and have a fighting chance instead of destroying the opposition in the fight towards a monopoly.Show MoreRelatedThe Role Of Labor And Its Effects On A Capitalist System1785 Words   |  8 PagesTwo men, or more accurately speaking, two novels separated by nearly a century, both examine the importance of labor and its effects on a capitalist system. Adam Smith published the Wealth of Nations in 1776 in which he detailed his concept of the division of labor; a concept he believed would further the productivity of the labor market. In Capital, Volume 1, published in 1867, Karl Marx took a much different stance on the division of labor. 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