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Andrew Carnegie had a complex relationship with workers and business competition. He believed in the importance of efficiency and productivity, which often led to harsh labor conditions, including long hours and low wages, particularly in his steel mills. While he advocated for competition as a means to drive innovation and economic growth, he also employed aggressive tactics to eliminate rivals, such as forming the Carnegie Steel Company, which dominated the industry. Ultimately, his approach reflected a blend of philanthropy and a ruthless pursuit of profit.
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WhY were Rockefeller and Carnegie known as robber barons?
Rockefeller and Carnegie were known as robber barons because they amassed immense wealth and power through aggressive and often unethical business practices during the Gilded Age. They engaged in monopolistic tactics, such as price-fixing and undercutting competitors, to dominate their respective industries—oil for Rockefeller and steel for Carnegie. Their practices often exploited workers and stifled competition, leading to widespread criticism and the perception that they prioritized profit over social responsibility. This term reflects the public's view of their wealth acquisition as exploitative rather than entrepreneurial.
How did Andrew Carnegie make most of his money and what was a robber baron?
Andrew Carnegie made most of his money through the steel industry, founding Carnegie Steel Company, which became one of the largest and most profitable steel manufacturers in the United States during the late 19th century. He utilized innovative production techniques and vertical integration to reduce costs and increase efficiency. The term "robber baron" refers to wealthy and powerful industrialists of that era, often criticized for their exploitative practices, monopolistic tactics, and influence over politics, suggesting that they amassed their fortunes at the expense of workers and fair competition.
Why are Rockefeller and Carnegie known as robber barons?
John D. Rockefeller and Andrew Carnegie are often labeled as "robber barons" because they amassed vast fortunes in the late 19th century through aggressive and often unethical business practices. Rockefeller dominated the oil industry with Standard Oil, using tactics like price-cutting and secret deals to eliminate competition. Carnegie, in the steel industry, employed similar strategies and was known for harsh labor practices, including the infamous Homestead Strike. Their immense wealth and influence raised concerns about monopolistic practices and the exploitation of workers, leading to the "robber baron" label.
What are 5 bad things carnegie did?
Andrew Carnegie, while known for his philanthropic efforts, was also associated with several negative aspects. Firstly, he played a significant role in the harsh working conditions and labor disputes at his steel mills, notably the Homestead Strike of 1892, which resulted in violence and loss of life. Secondly, his monopolistic practices contributed to the exploitation of workers and the suppression of competition. Additionally, Carnegie's investments in industries like steel and railroads often prioritized profit over environmental and social considerations, leading to pollution and community displacement. Lastly, his portrayal of the "Gospel of Wealth" has been criticized for justifying vast inequalities and concentrating wealth in the hands of a few.
What are the disadvantages of international trade?
Exposes a country's workers to competition from workers willing to take lower wages.Exposes a country's management to competition with other managements who bring different skills, attitudes and cultures to the competition.Creates the need to expend energy for international shipments.
How did Andrew carnegie treated workers?
how did Andrew Carnegie treat workers
How did carnegie's related industries treat workers?
he treated them pretty harsh
How did Andrew Carnegie treat his workers?
Andrew Carnegie treated his workers poorly by paying low wages and enforcing long hours without proper working conditions. He also used violent tactics to suppress worker protests and strikes.
How did Andrew carnegie related industries treated workers?
Andrew Carnegie's industries, particularly in steel production, often treated workers harshly, prioritizing profit over their well-being. Labor conditions were typically unsafe, with long hours and low wages being common. The infamous Homestead Strike of 1892 highlighted the tensions between management and workers, as Carnegie's company sought to cut wages and break union power, leading to violent clashes. Overall, while Carnegie believed in the "Gospel of Wealth," advocating for philanthropy, his industrial practices frequently reflected a disregard for workers' rights and conditions.
How did Andrew Carnegie treat his workers?
He treated them very bad. They were paid little and worked long hours, they were beaten and threatened even though he fought for workers who have bad working conditions he treated his very poorly.
How did Andrew Carnegie treat his employees?
His factory workers were underpaid and worked long shifts in poorly ventilated, dirty, and unsafe environments. After the heat of unions riding up his back, Carnegie made some improvements as to how his laborers were treated in the factories.
What problems does carnegie associated with industrialization and the workers?
no
How much did Andrew Carnegie pay his workers?
He underpayed them.
How did Andrew Carnegie and his industry treat workers?
this is good
Did Carnegie or Morgan state that granting vacation to workers would be immoral?
No, neither Carnegie nor Morgan explicitly stated that granting vacation to workers would be immoral. Carnegie did focus more on philanthropy towards providing benefits for workers, while Morgan was known for his investment strategies.
Did andrew carnegie support the idea of socialism?
Absolutely not. Carnegie was a prototypical capitalist "robber baron" who ruthlessly exploited his workers.
What did Andrew Carnegie do to keep his factory running the homestead strike?
he decreased workers' hours. ... he raised workers' wages.
