Captains of Industry

Who were the Captains of application and how did they play a major role in the economic development of the United States?A Captain of Industry is defined as a profession leader that benefits the farming in a positive way. This includes increasing the availability of goods, creating much and new jobs, and donating m iodiney to benefit the well being of the people. whatever of them men that were considered to be Captains of Industry were men like J.P. Morgan, Andrew Carnegie, washbasin D. Rockefeller. J.P. Morgan was a banker and a American Financier, who at the turn of the century, was one of the wealthiest men in America. J. P. Morgan backed the Edison electric Illuminating smart set in 1822 which began the great electric utility industry. Morgan had good relate with London financial world and was able to arrange the roof for growing industrial corporations in the United States with money from British bankers. In 1891 Morgan arranged the merger of Edison General Electric and Thompson- Houson Electric alliance to form General Electric, which then became the countrys important electrical- equipment manufacturing company. After financing the creation of the Federal Steel connection he joined with Henry Frick to merge it with Carnegie Steel Company to form the United States Steel Corporation.

Andrew Carnegie was a Scottish-born American businessman, a major philanthropist, and the founder of the Carnegie Steel Company which later became US Steel. He is known for having built one of the most and authoritative corporation in United States history. Carnegie stood out from otherwise business titan as a thinker who fashioned and publicised a philosophy for big business, a conventional precept that became deeply implanted in the conventional wisdom of rough Americans. He believed that , however harsh their methods at times, he and other Captains of Industry were on the whole public benefactors. When he retired Andrew Carnegie accustomed himself to dispensing his fortune for the public, out of... If you want to get a unspoiled essay, order it on our website: Orderessay

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