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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.
The cartoon depicts the United States Senate as a body under the control of "captain of industry". robber barons representing trusts in various industries, [ 5 ] depicted as obese, domineering, and powerful figures with swollen money bags for bodies, with their nature being juxtaposed with that of the senators of the 50th Congress , who Keppler ...
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.
John Pierpont Morgan was a banker and America's most important financial deal maker. He had observed how efficiently Carnegie produced profits. He envisioned an integrated steel industry that would cut costs, lower prices to consumers, produce in greater quantities and raise wages to workers.
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Captain of industry at the age of twenty-nine years, from 1922 to 1940, Paul-Louis Weiller developed the largest construction company of aircraft in Europe, the Gnome et Rhône conglomerate, which became the Snecma after nationalization in 1945 . From 1925, he gradually buys the capital of the airline CIDNA. He participated in the creation of ...
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