Nobody downloaded yet

The era of the plutocrats - Essay Example

Comments (0) Cite this document
The Plutocrats To talk about plutocrats, it is important to first define what a plutocrat is. Plutocrat has more than one meaning. It could be a wealthy class that controls a government or even a government or state in which the wealthy rule (“Plutocrats”)…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.6% of users find it useful
The era of the plutocrats
Read TextPreview

Extract of sample
"The era of the plutocrats"

Download file to see previous pages He was not merely a financier and a banker but a philanthropist and an art collector. He gained his education in both US and Germany. He was trained as an accountant at Sherman and Company and in 1867, was transferred to his father's banking company Drexel, Morgan and Company where he became a partner in 10 years. In 1895, the company was renamed as J. P. Morgan and became a world renowned banking house. He was responsible for arranging the merger between Edison General Electric and Thompson-Houson Electric Company. The new company formed, General Electric came on to become the main electrical equipment manufacturing company in the country. He financed Federal Steel Company and merged it with Carnegie Steel Company which came on to become United States Steel Corporation. With the help of his network in London, he was able to attract British investment for growing industrial corporations in the U.S. as he played a major role in attaining capital for companies. He became a member of the board of directors of many of these companies, most of which were rail road companies. This meant that by 1902, Morgan had control over 8,000 km of railroads in America. To gain control over major corporations, he concentrated his efforts on acquiring control of several banks and insurance companies. He was at times criticized for his hunger for power and his urge for gaining control (Simkin, JP Morgan) Andrew Carnegie was born on November 25th, 1835, in Dunfermline, Scotland to a handloom weaver. The Carnegie family had to immigrate to the United States in 1848 because of the economic depression. In America, Andrew began to work at the age of 12 at a local cotton factory while pursuing his education by attending night school. At 14, Andrew Carnegie took the job of messenger boy where his talent was duly noticed by the superintendent of the western division of the company, Thomas A. Scott. When during the Civil War Scott was made secretary, he took Carnegie along with him to Washington to work as his right-hand man. Organizing the military telegraph system was part of Carnegie’s job. On becoming superintendent, Carnegie wisely invested in many promising ventures, one of which was Woodruff Sleeping Car Company and many other small iron mills and factories, the most important of which was the company which he owned a one-fifth share in: Keystone Bridge. Some of the major milestones he achieved include the opening of his steel furnace at Braddock, writing a series of books and articles through which he voiced his opinions that the rich should help the poor and a man that dies rich is disgraced. He also set up a fund which finances 3,000 public libraries (380 in Britain), the Carnegie Institute of Pittsburgh, the Carnegie Institute of Technology and the Carnegie Institution of Washington. By the time of his death, he had donated $350,000,000 (Simkin, Andrew Carnegie). Born in New York in 1839, John Davidson Rockefeller at the young age of 16 became a clerk in a commission house. He wanted to work for himself and in 1850 by saving every penny he earned, he with an Englishman, Maurice Clark, opened his own company, Clark & Rockefeller Produce and Commission which sold farm implements, fertilizers and household goods. He sold his successful business for the more lucrative business of refining crude oil and started a company called Standard Oil. He was able to minimize costs by setting up an exclusive deal ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“The era of the plutocrats Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from https://studentshare.org/history/1465289-the-era-of-the-plutocrats
(The Era of the Plutocrats Essay Example | Topics and Well Written Essays - 750 Words)
“The Era of the Plutocrats Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/history/1465289-the-era-of-the-plutocrats.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Jacksonian era
Women have struggled for their equality in America and the 19th century was a pivotal point in this history. The cult of domesticity was the role of a woman as defined by societal pressure in pre-industrial society. The men went to work and the women generally were the care takers of the home and family.
1 Pages(250 words)Essay
Global Era
Apparently, the U.S has been making strong ties with other economies in the world to improve the global economy (Reitan 6). Since the U.S is a leading power in economy, wealth and culture, it has been influential in ensuring other countries and governments improve.
3 Pages(750 words)Essay
Progressive Era
The general sentiment was that the earlier educational paradigms and the theoretical precepts which informed them, neither valued the child as a mind or a body, nor gave him the tools requisite for mental and intellectual development. Through an historical overview of the events and philosophies of the Progressive Era, this essay will present the face of the period's schools and the philosophy of education which shaped both them and the curricula they adopted.
4 Pages(1000 words)Essay
Romantic Era
The movement arose in a gradual manner, had many phases, and was partly a reaction to the industrial revolution. Some scholars argue that it was a revolt against the aristocratic political and social norms of the enlightenment
2 Pages(500 words)Essay
Op-ed paper - The Rise of Plutocrats
Plutocrats are considered as hardworking, focused, educated and meritocrats with the significant control of different sectors of the economy including production, technology and processing. According to Freeland, (2012),
6 Pages(1500 words)Essay
Progress Era
The period through which the progressive movement was in action was one where the country was faced with issues of economic instability. There were various industries in the country but the payments for the laborers was inadequate which in a big
2 Pages(500 words)Essay
Progressive Era
The progressive era lasted approximately 40 years from 1879-1920. Religion and social inequality were issues part of the progressive era. These bound to affect any society. Religion and social movements played a great role in the transformation of America
4 Pages(1000 words)Essay
Neoclassical era
The focus of the era was ethics, science, and government. Examples of popular artwork from the era include; ‘A River’ painting by Jean-Jacques Caffieri and the ‘Bust of Vincent Coster’, a sculpture by Hendrick de Keyser (Bietoletti 24). These art forms
1 Pages(250 words)Essay
Perfection Era
Thus, this was also the time wherein women took a huge step forward and prospored a great change for their identity and individuality vis-a-vis their masculine counterparts and against the society. “Possibly the most important, and most broadly felt pattern dominating the life of the Victorian woman was what the reformer Jane Addams once called the "family claim." According to the family claim, women, far more than men, were regarded as possessions of their families” (Life of Victorian Woman, n.d.).
3 Pages(750 words)Research Paper
Colonial Era
What was expected to be cordiality turned out to be the most horrible thing the Indians had ever hoped for? The entrance of settlers later dictated their culture, lifestyle and deeply condensed their population. Can your enemy be too powerful to influence your life?
3 Pages(750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic The era of the plutocrats for FREE!
logo footer
Contact us:
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us