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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. This may have been through increased productivity, expansion of markets, providing more jobs, or acts of philanthropy . [ 2 ]
In academia, the education division of the National Endowment for the Humanities has prepared a lesson plan for schools asking whether "robber baron" or "captain of industry" is the better term. They state: In this lesson, you and your students will attempt to establish a distinction between robber barons and captains of industry.
Business is the making of profits; industry (or the "machine process") is the making of goods. "The captains of industry" (i.e., capitalists or "robber barons") curtailed production in order to keep prices and profits high. The worst fears of businessmen was a "free run of production" which would essentially collapse all profits.
Samuel Gompers (né Gumpertz; January 27, 1850 – December 11, 1924) [1] [2] was a British-born American cigar maker, labor union leader and a key figure in American labor history.
The first patient in the U.S. was hospitalized with "severe" bird flu. Here's what you should know about symptoms, according to an infectious disease expert.
A Florida man is accused of stabbing his estranged girlfriend up to 70 times during a fatal break-in - exactly one month after he was nabbed for assaulting the victim and ordered to stay away from ...
Carnegie as he appears in the National Portrait Gallery in Washington, D.C.. Andrew Carnegie (English: / k ɑːr ˈ n ɛ ɡ i / kar-NEG-ee, Scots: [kɑrˈnɛːɡi]; [2] [3] [note 1] November 25, 1835 – August 11, 1919) was a Scottish-American industrialist and philanthropist.
An FBI informant accused of lying about the Biden family has cut a plea deal with special counsel David Weiss, the prosecutor who led the criminal probe into Hunter Biden.